Archived — Canada's Economic Action Plan Investment in Communities and Businesses Delivers Results for South Huron

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Minister Goodyear announces funding for Goderich Aircraft Inc.

The Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), announces funding for Goderich Aircraft Inc.

For immediate release  
April 6, 2010

South Huron, ON – South Huron residents and businesses will benefit from an investment of more than $4.4 million in Goderich Aircraft Inc. to expand its operations, announced today by the Honourable Gary Goodyear, Minister of State responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario).

"This investment will create jobs and stimulate the local economy," said Minister Goodyear. "Our government is working with the people, businesses and communities of southern Ontario to help our region prosper now and in the future."

"Our government is committed to funding projects like this one, which will allow Goderich Aircraft to expand, become more competitive and secure new market opportunities," said Ben  Lobb, Member of Parliament for Huron-Bruce. "This investment will provide much-needed stimulus to support our region's ongoing economic resurgence."

With the funding, Goderich Aircraft Inc. will expand its facilities and seek to launch Canada's first Boeing completion centre, providing the capacity to complete the production of Boeing business jets, including customized exterior and design, manufacturing and installation of interior components.

"We're excited to be entering a phase of dynamic growth that will strengthen the relationship we're building with Boeing and allow us to bring new business from international markets to southern Ontario," said Blaine Field, President of Goderich Aircraft Inc. "Thanks to the federal government's commitment to Canadian manufacturing and its investment in the region, Goderich Aircraft is now positioned to begin work completing Boeing business jets."

This project will be funded under the Community Adjustment Fund in southern Ontario, which will create immediate employment opportunities and support the local economies that have been struggling with the effects of the global economic downturn. Other projects approved under the Community Adjustment Fund will be announced over the coming weeks. Approved projects must meet the terms and conditions set out in their contribution agreements.

FedDev Ontario was created as part of Canada's Economic Action Plan to support economic and community development, innovation, and economic diversification, with contributions to communities, businesses and non-profit organizations in southern Ontario. To learn more about FedDev Ontario and the Community Adjustment Fund, please visit the web site at www.feddevontario.gc.ca, or call 1-866-593-5505. For additional information on Canada's Economic Action Plan, visit www.actionplan.gc.ca.

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For more information, contact:

Gary Toft
Director of Communications
Office of the Honourable Gary Goodyear
613-943-7599

Media Relations
FedDev Ontario
613-954-5543

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