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Val-dOr: industrial and entrepreneurial capital of Abitibi-Témiscamingue
Because it is, by nature, a resource-based region, Abitibi-Témiscamingue and especially Val-dOr enjoy substantial support from all three levels of government (municipal, provincial, and federal), as it relates to economic-development financial incentives.
In its last provincial budget, the Government of Québec announced an infusion of some 132 million dollars into Abitibi-Témiscamingue, within the framework of a development-strategy for all of Québecs resource-based regions. On the federal governments side, the Canadian government has its own share of good news: a 15% tax credit, investment for credit activities having a net tax return, and the 100% deductible announced by Ottawa in the autumn of 2000.
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