Canada Economic Development

Canada Economic Development

May 05, 2014 12:00 ET

Aero Montreal Receives $1,584,150 in Funding from Government of Canada

MONTRÉAL, QUEBEC--(Marketwired - May 5, 2014) - Canada Economic Development

The Honourable Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of Quebec, announces that Aéro Montréal has been granted financial assistance to help strengthen businesses in the aerospace sector and promote the emergence of mobilizing projects resulting from its various worksites.

This assistance has been awarded in the form of a $1,584,150 non-repayable financial contribution through Canada Economic Development's Quebec Economic Development Program.

Quick facts

  • This funding will allow Aéro Montréal to pursue its activities within the framework of a three-year plan aimed at network building, improving productivity and increasing competitiveness across the entire aerospace industry value chain.
  • Aéro Montréal, Quebec's aerospace cluster, is a strategic think tank that brings together all major industry decision-makers, including private companies, educational institutions, research centres and other support organizations, around common objectives.

Quotes

"The aerospace industry is a pillar of the Quebec economy. It is also a sector that creates jobs. This is why our Government has unreservedly renewed its partnership with Aéro Montréal."

Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of Quebec

"On behalf of Aéro Montréal, we want to thank Canada Economic Development for its unwavering support of the aerospace sector. This renewed funding will allow us to keep up our efforts to make Quebec SMEs more competitive and to guide them in their internationalization activities."

Suzanne Benoit, President-Chief Executive Officer, Aéro Montréal

Related link

Aéro Montréal Web site: http://www.aeromontreal.ca/.

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