Circular economy is a new economic model that aims to rethink our manufacturing methods and service offerings from a linear process to a process that is said to be "circular." Simply put, its objective is to produce goods and services while greatly limiting the consumption and waste of raw materials and nonrenewable energy sources .

 

In this context, the circular economy is an innovative model which aims to optimize the saving of resources, put into practice by giving a second life to products by methods of reuse, recycling, repair and reuse of raw materials, hence the notion of "circularity".

 

It has never been easier for Quebec businesses, regardless of size, to integrate circular economy strategies and reap the benefits. Several projects in the regions are under development and allow companies to integrate a circular economy system on their local territory, while being subsidized at 70% by the government.

 

The benefits of the circular economy for businesses go even further. It allows companies to focus on innovation and offer a differentiating factor from the competition when designing their products and services. It also reduces supply risks while lowering production costs.

 

For a region, the circular economy can be a factor of attractiveness of a territory or a city for its job opportunities because it allows to create new activities, in particular in the ecodesign sector , management of natural resources and renewable energy . These are all characteristics that make a city or region attractive to businesses, investors and workers.