The community is a profitable investment, according to a study
The impact on employment and GDP of a government investment in the community are greater than that of a similar investment in the entire Quebec economy, according to a study conducted for the National Table of Development Corporations community (TNCDC) and published on Monday.
The study conducted by AppEco shows that for $100 million invested in the community, $183.7 million is actually injected into the economy. Moreover, according to the firm's economists, for these same $100 million invested, a GDP of $110 million is generated and 1,900 jobs are maintained or created.
“However, for 20 years, the real funding of community development corporations (CDCs) has decreased by 12%,” lamented the TNCDC, which believes that this underfunding prevents them from increasin...
