The Ontario government has concluded a business mission to France and Switzerland to promote the province’s aerospace, manufacturing and life sciences sectors and explore new opportunities for investment and job creation. Vic Fedeli, Minister of Economic Development, Job Creation and Trade, led a delegation of 19 organizations to the 2023 Paris Air Show, the largest aerospace exhibition in the world, where over $4 million in investments for Ontario were announced by global aerospace manufacturers.
“Ontario is recognized worldwide as a leader in aerospace, manufacturing and life sciences, and business missions like this help us to strengthen existing relationships and foster new partnerships,” said Minister Fedeli. “Thanks to our global supply chain, which includes many of the organizations that participated in the Paris Air Show, virtually every passenger aircraft in the world has a piece of Ontario. Together, we’re building a stronger economy and creating opportunities for people and businesses today and in the future.”
At the Paris Air Show, Shimco North America announced a new $3.5 million investment to double their manufacturing capacity at their Cambridge facility. Airbus Helicopters Canada announced that it is investing more than $645,000 in new equipment and technology to increase capacity at their Fort Erie facility. As part of these investments, which will create 61 new jobs, Ontario will provide the companies with a combined total of more than $634,000 through the Regional Development Program’s Advanced Manufacturing and Innovation Competitiveness stream.