The survival rate of businesses supported by a CEDC or a CAE is even better according to Statistics Canada

Like previous studies, this eighth report from Statistics Canada on the performance of the Community Development Program (CDP), delivered by the CEDCs and CAEs, again confirms that businesses that work with a CEDC or a CAE in Quebec have a better survival rate, create more than double the jobs, increase their payroll and sales more quickly. Notably, the survival rate of businesses after five years has increased by seven points this year, reaching 87% among our clients, compared to 53% among other businesses in the control group.

HIGHLIGHTS

 

  • Creation of more than double the jobs: average increase of 3.3% per year compared to 1.3% in the control group.
  • Faster sales growth: average sales increase of 5.2% annually compared to 3.14% for the control group.
  • Faster growth of business payroll: 4.9% on average per year, versus 2.9% in businesses in the control group.
  • Increase in labor productivity: increase in sales per employee of 2.5% compared to 2.3% for the control group.


This study has been produced since 2009 by Economic Development Canada for the regions of Quebec, in collaboration with Statistics Canada. It compares, under various indicators, the group of client businesses of the CEDCs and CAEs to a control group of similar businesses that have not used their services. The surveyed businesses have 100 employees or fewer. It is noteworthy that the study reveals an even more significant performance of the CDP among businesses with fewer than 20 employees.

 
About the Community Development Program (CDP)

It should be noted that the CDP is a federal government program that funds the operations of the 269 CEDCs and CAEs in Canada, including 67 in Quebec. The CDP is a program that recognizes the expertise of local decision-makers and the autonomy of decision-making, in order to stimulate community participation in taking charge of their future.