A change in governmental leadership should always be explored by investors. Changes in administration can result in both positive and negative effects on an investors portfolio. This month, the residents of Quebec experienced a significant change in their Provincial leadership, when the new Coalition Avenir Québec led by François Legault defeated the Liberal Party. The Coalition Avenir Québec campaigned on the promise of economic prosperity and large investments in to the Province. Highlighting economic development, through funds like Investissement Québec for the promotion of Quebec businesses. Focusing in the areas of artificial intelligence, telecommunications, and life sciences. The new CAQ government definitely has Bullish implications for technology companies in the Province such as NuRAN Wireless.
Here is why:
Develop and Apply New Technologies
The CAQ discusses that approximately 240,000 Quebec households do not have access to quality internet or cellular coverage which results in roadblocks for families, companies, and self-employed workers. Leading to the Coalition Avenir Québec highlighting that they will promote Québec businesses in the areas of telecommunications to solve the issue of connectivity in the Province. Additionally, the CAQ plans to invest 400 million dollars over the next four years to bring high-speed internet access and wide-band cellular coverage to 100% of Quebec populated areas. Québec is a large province, with a considerable amount of the population located in remote areas. Some of these remote locations have very limited access to basic communications, such as internet and cell phone connectivity. In August, Premier François Legault then MNA for Coalition Avenir Québec was quoted
“Today, we’re announcing high-speed internet coverage for all regions. But there’s more to that: it will mean more competitive businesses and self-employed workers as well as improved quality of life and better security for families. In the last century, we had to bring electricity everywhere. Today, it’s the internet. Doing so is more than urgent, it’s an obligation”
The CAQ plan to promote regional economic development through the telecom and tech sectors will positively influence future success for Quebec companies. Specializing in connecting the unconnected worldwide, alongside its headquarters in the capital of Québec, we believe that NuRAN Wireless is positioned to sustain healthy growth and recognition by the new Government as it fits all the criteria for the new economic agenda.
Encourage Innovation and Private Investment
The Québec government is no stranger when it comes to investing in companies that are founded and or operate within the province. An important investing arm to the province is an institutional fund known as Caisse de Dépot et Placement du Québec (CDPQ). For those that are not aware, the CDPQ is an Institutional investor who manages public and Para public pension plans, with assets totaling over $308 billion. The CDPQ invests in various companies in many different industries and has recently even participated in Private Placements of junior mining companies in the province of Québec. Not only does the government have institutions such as the CDPQ to invest and stimulate growth in companies of all sizes in various sectors. The Province of Québec also encourages growth through the issuance of government grants and loans to companies with promising technologies and considerable growth potential. We believe that NuRAN Wireless is a perfect candidate to receive either an investment from the CDPQ or possibly receive a grant or loan from the Québec government. The Province wants to encourage growth in its local businesses, especially a company which can assist with the new Governments plan to increase telecommunications across the Province and fulfill a campaign promise.
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