Most of the Memphrémagog RCM's population works in the secondary and tertiary sectors. The tertiary sector has grown because of the region’s tourism potential and the progressive transformation of the manufacturing sector, which is becoming increasingly diversified and increasingly made up of small- and medium-sized businesses. The largest industrial sectors in the RCM are the manufacture of rubber and plastic products, non-metallic mineral products, metal products and chemical products. Information technology is another expanding sector.

The region has two industrial parks, one in Magog and the other in Stanstead, which have all the resources required for the establishment and further development of new businesses.

Programs or Financial/Tax Incentives for Business
Fonds de relance économique – Ville de Magog (City of Magog Economic Recovery Funds)

• The fund provides financial assistance to new or existing businesses to support job creation. It also promotes economic diversification, prospecting activities and the reception of new investors.
• Type of financial assistance
  • The non-reimbursable contribution may cover up to 10% of eligible project expenses, to a maximum of $125,000. This financial assistance must supplement traditional funding and existing programs.

Other incentives

• The city of Magog can offer other financial tools for the establishment of new businesses in its territory, depending on the type and scope of the projects.

Generous provincial or federal incentives

• Click on Business Support in the excel section of this portal for additional information on other incentives and links to related sites.