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MONTRÉAL, May 24, 2018 – The Government of Québec is investing $93.5 million for HEC Montréal to construct a building in downtown Montréal to make up for the lack of teaching and research spaces. The total cost of the project is estimated at $183.1 million.
Hélène David, Minister responsible for Higher Education and Minister responsible for the Status of Women, and Dominique Anglade, Deputy Premier, Minister of Economy, Science and Innovation and Minister responsible for the Digital Strategy, made the announcement today during their visit to HEC Montréal.
The gross floor area of the new building will be more than 24,000 square metres. It will be located on a vacant lot next to Saint Patrick’s Basilica, on Beaver Hall Hill.
The funds are provided by the Ministère de l’Éducation et de l’Enseignement supérieur ($80.8 million), the Ministère de l’Économie, de la Science et de l’Innovation ($12.7 million), the HEC Montréal Foundation ($39.3 million) and HEC Montréal ($50.3 million).
HEC Montréal’s reputation is well established. The school is truly a centre of attraction for both Montréal and the province of Québec, as it brings in students from all around the world and trains them to become agents of change in Québec and Canada. This funding will enable HEC Montréal to carry out its teaching and research missions and offer spaces that are better suited to its clientele.
– Hélène David, Minister responsible for Higher Education and Minister responsible for the Status of Women
For many years, HEC Montréal has played a key role in the advancement of knowledge in Québec society. Thanks to these new facilities, this educational establishment will be able to house applied research and transfer centres, whose work will meet our businesses’ needs. I therefore welcome the investments announced today, which will support innovation and research development in Québec, thereby tying into the objectives of Québec’s research and innovation strategy.
– Dominique Anglade, Deputy Premier, Minister of Economy, Science and Innovation and Minister responsible for the Digital Strategy
- In May 2017, the Government of Québec released the Stratégie québécoise de la recherche et de l’innovation 2017-2022 – Oser innover (Québec’s 2017–2022 research and innovation strategy – dare to innovate), which represents a total of $2.8 billion in investments and budgetary costs. This strategy includes 36 measures and seven projects that will meet the challenges that Québec faces in terms of research and innovation, in addition to having an impact on improving the well-being of society.