BRESLAU, ONT. — The federal government will be investing over $22 million, through the Aerospace Regional Recovery Initiative, for six projects within Ontario’s aerospace sector including an addition to an aerospace manufacturer in Cambridge, Ont.
The investment will support businesses and organizations in Ontario’s aerospace supply chain to increase manufacturing and productivity capabilities, green operations, train and upskill employees, while supporting over 400 jobs across the region, states a release.
Shimco North America, a full-service custom shim and small part aerospace manufacturer, is receiving over $1.2 million to support the construction of a 20,000-square-foot addition to its manufacturing space and purchase new advanced equipment.
The expansion will enable the company to improve productivity and reduce its environmental footprint, while supporting 60 jobs.
The investment also includes nearly $9.2 million in support for the Waterloo Institute for Sustainable Aeronautics (WISA), Canada’s first sustainable aeronautics institute at the University of Waterloo.
Through the project, WISA will equip an innovation hub at the Waterloo Region Airport to mobilize research, access green technologies and provide hands-on aviation training.
The project will support up to 39 research projects to solve sector-specific challenges, help up to 12 SMEs commercialize projects focused on aeronautical sustainability, and develop two aeronautical sustainable e-learning courses, states the release, adding over 65 jobs and up to 30 SMEs are expected to be supported through the project.
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