Ontario, feds invest $44M in new Toronto aerospace campus
Will be home to three aerospace and aviation-related programs.
TORONTO — The federal and Ontario governments are kicking in more than $44 million so Centennial College can open a new campus dedicated to aerospace programs in Toronto.
The Centennial College Downsview Park Aerospace Campus will be home to three aerospace and aviation-related programs, with an expected 900 students.
Ontario is committing $25.8 million to the project, while Ottawa is committing $18.4 million.
More than 21,000 people in Ontario work in the aerospace sector and the government says it supports another 17,000 jobs.
Ontario is home to 14 of the world’s top 25 aerospace companies, and does $5.3 billion in annual sales.
Premier Kathleen Wynne says it is important for Canada and Ontario, with relatively small populations globally, to “punch above our weight” and leading in innovation is an important way to do that.
“Ontario is invested in this project because it will incubate and grow well-paying jobs and professionally rewarding jobs for Ontario students and it will help Ontario to accelerate our position as a leader in the global innovation economy, attracting investment, opening up opportunities for our businesses in order to bring more groundbreaking innovations to market,” Wynne said.News from © Canadian Press Enterprises Inc. 2016