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    Why Ontario Aerospace? Why Ontario Aerospace? Presentation Transcript

    • Why Ontario Aerospace? Presentation for: Greater Peterborough Area Economic Development Corporation NBAA 2013 Las Vegas Prepared by: Ministry of Economic Development, Trade and Employment October 22, 2013.
    • Ontario: Canada’s Economic Powerhouse 2 Ontario as a Percentage of Canada, 2012 37% GDP 39% Population 38% Primary household income 44% Financial services employment 48% ICT employment 46% Production of manufactured goods 38% Goods exports Note: * GDP and Personal income figures are for the year 2011. Sources: Ministry of Finance, Industry Canada, Statistics Canada 2 Your Next Big Idea
    • Seventh Largest Economy in North America 3 Top Ten by GDP, 2012 2,400 2,004 Billion US$ 2,000 1,600 1,397 1,206 1,200 777 800 695 601 535 509 508 456 400 Ca ro l rs N or th Je ew in a ey o ar io O hi N yl nn s Pe O nt ni a va oi s Ill in id a Yo ew Fl or rk s Te xa N C al ifo rn i a 0 Note: Ontario’s GDP at PPP was estimated as a percentage of Canada’s. Ontario’s GDP listed at PPP. Source: US Bureau of Economic Analysis, Ontario Ministry of Finance with data from Statistics Canada, and OECD. 3 Your Next Big Idea
    • Positive Economic Growth is Projected for Ontario for the Next Few Years 4 Ontario’s Economic Outlook 2013p 2014p 2015p 2016p Real GDP Growth 1.5 2.3 2.4 2.4 Employment Growth 1.2 1.4 1.5 1.5 CPI Inflation 1.5 2.0 2.0 2.0 Note: p: projected, e: estimate Source: Ontario Budget 2013, Ontario Ministry of Finance; Statistics Canada 4 Your Next Big Idea
    • Ontario has a Modern, Efficient and Widely Networked Transportation System 5 5 Your Next Big Idea
    • Ontario is Home to the Majority of Foreign-Controlled Head Offices in Canada 6 Foreign Head Office Distribution in Canada, 2011 Rest of Canada 40% Ontario 60% Source: Statistics Canada 6 Your Next Big Idea
    • 139 Million Consumers within a Day’s Drive 7 Daily Two-way Goods Trade between Ontario-USA for 2012 Valued at C$752 million Sources: Industry Canada, Statistics Canada and US Census Bureau 7 Your Next Big Idea
    • Ontario has a Highly Educated Population 8 Post-secondary Educational Attainment (%), Select Markets, 2010 (Age 25-64) Ontario 64 Canada 62 Ireland 50 Japan 44 United States 41 United Kingdom 38 Germany 35 France Mexico 30 Overall, 64% of Ontario’s population has completed post-secondary education University: 30% College: 27% Apprenticeship: 7% 17 Note: Not all jurisdictions count apprenticeship as post-secondary education Sources: Statistics Canada and OECD, 2012 8 Your Next Big Idea
    • Ontario’s Strong Educational Infrastructure 9 Organization for Economic Co-operation and Development’s (OECD) Programme for International Student Assessment, 2009 540 531 530 Reading Scores 524 PISA 2009 Score PISA 2009 Score 540 520 510 500 497 500 494 493 490 480 470 PISA 2009 Score 529 Science Scores 520 509 510 502 502 501 500 490 480 Ontario 530 531 530 Canada 527 USA G8 Avg. EU15 Avg. OECD Avg. Ontario 526 Mathematics Scores 520 510 500 500 498 487 480 470 460 Canada Ontario G8 Avg. EU15 Avg. OECD Avg. G8 Avg. USA EU15 Avg. OECD Avg. Canada is among the highest ranked jurisdictions in the OECD’s assessment of students’ reading, math, and science skills. 496 490 Canada USA Note: OECD’s Programme for International Student Assessment (PISA) compares standardized test results of 15 year-olds in 65 countries. It is conducted every three years. Sources: OECD and Statistics Canada, 2010 9 Your Next Big Idea
    • Lower Healthcare Costs for Employers Compared to the US 10 Employer Health Costs for a Typical Firm 1,000 939 Thousands US$ 800 600 452 400 Average cost to employers in the US is about twice as much as it is in Ontario 200 US Ontario 0 Note: Typical firm defined as having approximately 93 employees Source: MMK Consulting, 2012 (Special run for MEDTE/MRI) 10 Your Next Big Idea
    • Government Supported R&D Centres Located throughout Ontario 11 11 Your Next Big Idea
    • Competitive Business Costs 12 Overall Business Costs Index (US=100) United Kingdom 94.5 Netherlands 94.7 Ontario 95.8 France 96.1 97.9 Italy United States 100.0 Germany 100.1 Australia 103.7 Japan 109.4 Source: MEDTE/MRI analysis, prepared using competitivealternatives.com Cost Model, 2012 version, accessed on March 30, 2012. 12 Your Next Big Idea
    • Competitive Corporate Taxes on Manufacturing 13 2013 Combined Federal and State/Provincial Manufacturing Income Tax Rate (%) Ontario 25.0 Ohio 32.0 Texas 32.5 Florida 35.3 Michigan 35.6 Kentucky 35.6 Georgia 35.9 U.S. Weighted Avg. 36.1 New York 36.3 Great Lakes States Avg. 36.4 Illinois 37.7 California 37.9 Pennsylvania 38.0 New Jersey 38.0 Minnesota 38.5 Note: Ohio rate includes the state’s Commercial Activity Tax rate which is levied on gross receipts in Ohio; a CIT equivalent is not available. Texas rate includes the state’s 1.0 per cent franchise tax, which is based on gross revenue; a CIT equivalent is not available. Source: Ontario Ministry of Finance, based on legislation as of May 31, 2013. 13 Your Next Big Idea
    • Competitive Corporate Taxes 14 Combined Federal-Ontario General Corporate Income Tax (CIT) Per Cent 45 39.3 35 30.8 28.8 25.6 26.5 25 15 OECD Average Ontario G20 Average G8 Average US Average The combined federal‐Ontario general CIT rate is significantly lower than the average federal‐state CIT rate in the United States - Ontario’s major trading partner. Source: Ontario Ministry of Finance (2013 Ontario Budget) 14 Your Next Big Idea
    • Marginal Effective Tax Rate (METR) on New Business Investment Lower than US and OECD Averages 15 Ontario’s Tax Competitiveness Per Cent 40 U.S. (2014) 35 33.2 30 25 OECD (2014) 20 18.1 15 16.6 16.6 2013 2014 10 5 0 2009 2010 Notes: The marginal effective tax rate (METR) takes into account federal and provincial/state corporate income taxes, capital taxes and sales taxes. The OECD METR is the average for OECD member countries excluding Canada. The METRs for the U.S. and OECD countries include measures announced as of March 1, 2013. Sources: Finance Canada and Ontario Ministry of Finance. Source: Ontario Ministry of Finance (2013 Ontario Budget) 15 Your Next Big Idea
    • Ontario’s R&D Cost Advantage 16 R&D Cost Advantage (%) After-Tax Cost of $100 R&D Expenditure, Large Manufacturers, 2013 Ontario has a 9.1% cost advantage relative to the US R&D expenditure R&D expenditure (general) (at eligible Ontario research institutes) Gross expenditure $100.00 $100.00 Actual after-tax expenditure $57.30 $45.84 Note: data as of June, 2013. Source: MEDTE/MRI analysis, prepared using CompetitiveAlternatives.com Cost Model, 2012 version, accessed on March 30, 2012. Sources: Ontario Ministry of Finance and Canada Revenue Agency 16 Your Next Big Idea
    • Ontario Attracts Investors from Many Countries 17 Foreign direct investment projects in Ontario, by source country, 2012 Others 14% Germany 3% India 3% China 3% Switzerland 3% Japan 4% US 59% UK 11% Source: fDi Intelligence, March 2013 17 Your Next Big Idea
    • Ontario Trades with the World 18 Top Ten Trade Partners, 2012 Exports Rank Country Imports Share in Total (%) Rank Country Share in Total (%) 1 United States 77.9 1 United States 56.3 2 United Kingdom 9.0 2 China 10.8 3 Norway 1.2 3 Mexico 7.5 4 China 1.2 4 Japan 3.8 5 Mexico 1.1 5 Germany 2.6 6 Hong Kong 0.9 6 South Korea 1.6 7 Germany 0.7 7 United Kingdom 1.2 8 Japan 0.7 8 Peru 1.1 9 Netherlands 0.5 9 Switzerland 1.1 10 France 0.5 10 Italy 1.0 Note: Figures for 2012. Export figures are domestic exports only (does not include re-exports) Source: Industry Canada with data from Statistics Canada, March 2013. 18 Your Next Big Idea
    • Ontario Trades in a Variety of Goods 19 Top Five Product Categories, 2012 Exports Imports Motor Vehicles 35% 37% Motor Vehicles Metals & Precious Stones Machinery & Mech. Appliances 44% 14% Electrical Equipment 12% 3% 4% 9% Machinery & Mech. Appliances 21% Electrical Equipment Metals & Precious Stones Plastics Pharmaceuticals Others 4% 12% 5% Others Source: Industry Canada, Trade Data Online (with data from, Statistics Canada, June 2013 19 Your Next Big Idea
    • Ontarians Speak Many Different Languages 20 Select Languages Spoken by Ontarians French 1,426,540 685,193 Major languages spoken in India Major Chinese languages 499,380 Italian 251,330 Spanish 178,335 Portuguese 147,723 German 140,315 Philipino 140,805 Arabic 133,390 Polish • In Ontario, many persons speak more than one language and over 3 million people fluently speak a language other than English or French. 128,440 Russian • 97% of Ontarians speak English. 93,080 0 Ontario’s population in 2011 was 12,7 million Source: Statistics Canada. 2013. National Household Survey (NHS) 500,000 20 1,000,000 1,500,000 Your Next Big Idea
    • Ontario is Ethnically Diverse 21 Ontario’s Immigrant Population by Place of Birth Oceania and other 0.3% Africa 5.4% Americas 16.1% United States 3.2% Asia 44.8% Europe 33.4% Sources: Statistics Canada. 2013. National Household Survey (NHS) 21 Your Next Big Idea
    • 22 Ontario Aerospace Industry A Highly Diversified Industry A World Leading Jurisdiction 22 Your Next Big Idea
    • Canadian Aerospace Manufacturing Cost Advantage: Aircraft Component Cost Compared to G7 Canada France 23 97.0 97.2 UK 98.4 98.8 Italy US 100 Germany 100.4 Japan 107.4 Index: United States = 100 Source: KPMG Competitive Alternatives 2012 Edition 23 Your Next Big Idea
    • Ontario’s Competitive Advantage in Aerospace 24 Aircraft Parts Manufacturing Results for Selected Cities North America (Rank) City Country Global Index (Rank) 1 Montreal, QC Canada 96.9 (23) 2 Winnipeg, MB Canada 96.9 (25) 3 Toronto, ON Canada 97.1 (29) 4 Wichita, KS United States of America 97.4 (36) 5 Atlanta, GA United States of America 97.5 (41) 6 Mobile, AL United States of America 97.6 (43) 7 Orlando, FL United States of America 97.8 (47) 8 Oklahoma City, OK United States of America 97.8 (49) 9 St. Louis, MO United States of America 97.9 (54) 10 Indianapolis, IN United States of America 98.1 (57) 11 Calgary, AB Canada 98.6 (63) 12 Phoenix, AZ United States of America 98.6 (65) 13 Vancouver, BC Canada 98.7 (68) 14 Hartford, CT United States of America 100.8 (97) 15 Seattle, WA United States of America 101.6 (101) Source: KPMG’s 2012 Competitive Alternatives Guide to International Business Location Costs 24 Your Next Big Idea
    • The Bulk of Canada’s Aerospace Industry is Located in Ontario and Quebec 25 • By revenues, Ontario accounts for ~28% of the Canadian aerospace industry. • Made up of about 350 firms, Ontario aerospace sales are approximately $6.5 billion annually. • The Ontario Aerospace Industry directly accounted for $3.8 billion in GDP in 2009 • Ontario’s aerospace sector employs approximately 22,000 people. – Including indirect and induced jobs, employment in Ontario for 2010 was approximately 67,700. QUEBEC: 52% ONTARIO: 28% • Quebec’s aerospace sector employs approximately 37,000 people. – Including indirect and induced jobs, employment in Quebec in 2010 was approximately 71,000. Source: Aerospace Industries Association of Canada, 2009, Deloitte, 2010 25 Your Next Big Idea
    • Aerospace Industry Structure: Ontario vs. Quebec 26 Quebec’s industry is composed primarily of larger original equipment manufacturers (Bell Helicopter, Bombardier), while Ontario’s industry coomprises primarily of system integrators (UTC Aerospace Systems, Honeywell, Messier-Bugatti-Dowty) and equipment providers (Centra Industries, Cyclone Manufacturing, Magellan). Ontario Quebec OEM OEM Tier 1 (Systems Integrators) Tier 1 (System Integrators) Tier 2 (Equipment Providers) Tier 2 (Equipment Providers) Tier 3 (Sub-contract Suppliers) Tier 3 (Sub-contract Suppliers) Source: Ontario Aerospace Council 26 26 Your Next Big Idea
    • 14 of the Top 25 Global Aerospace Companies Have Operations in Ontario 27 Companies highlighted in bold have facilities in Ontario. Europe United States Boeing (1) Lockheed Martin (3) General Dynamics (4) [United Technologies (5) and Goodrich (18)*] Northrop Grumman (6) Raytheon (7) General Electric (9) L-3 Communications (13) Honeywell (14) Textron (17) Spirit Aerosystems (21) Rockwell Collins (22) Precision Castparts (23) Harris (25) EADS (2) Finmeccanica (8) SAFRAN (10) Thales (11) Rolls-Royce(12) BAE Systems (15) Dassault (24) Canada Bombardier (16) Japan Mitsubishi Heavy Industries (20) Brazil Embraer (19) Source: Flight International (2012). Numbers are companies’ global ranking by revenue. *Goodrich was acquired in summer 2012 by United Technologies, and will therefore disappear from next year’s list. It is now UTC Aerospace Systems – Landing Gear. 27 Your Next Big Idea
    • Ontario Aerospace Industry Suppliers to multiple aircraft programs (commercial, business and military) 28 ~ Ontario Suppliers A320 737 35 787 29 777 32 F-35 25 A350 22 A330 23 Global Series 33 E Jets 20 777-X* n/a A380 31 H-60 34 Gulfstream 650 33 C-130 18 Gulfstream 450 33 Eurofighter Sources: OAC Capabilities Directory 2012-2013; Teal Group analysis 25 7 * It is likely many of the 777 suppliers will remain on the 777-X program once announced. Your Next Big Idea
    • Ontario Aerospace Industry: World Leaders in Selected Markets Turboprop aircraft Bombardier Business aircraft Bombardier Commercial helicopters 29 Eurocopter Small and medium turbine engines Aerostructures Wings and fuselage Landing gear systems Pratt and Whitney Canada Arnprior Aerospace, Magellan Aerospace, Precision CastParts Mitsubishi Heavy Industries Canada Aerospace UTC Aerospace Systems, Messier-Bugatti-Dowty, Sumitomo, Heroux-Devtek Aircraft environmental systems Honeywell Electric power systems Honeywell Aircraft Satcom systems Air traffic control systems Visual systems Integrated Space Robotics Satellite switches and systems CMC Raytheon Atlantis, L-3 Communications MDA Com Dev 29 29 Your Next Big Idea
    • 30 Skilled Labour, Academic and Research Capabilities 30 Your Next Big Idea
    • Skilled Labour 31 • A network of 20 universities and 24 colleges trains students in every field, from the skilled trades to the most advanced areas of science, engineering and business. – Produce more than 29,000 graduates per year in science, math and engineering • Approximately 18 universities and colleges offer over 40 aerospace-specific programs. • 14 universities with engineering programs. – PhD and Masters programs in Aerospace Engineering offered at the University of Toronto, Ryerson University (Toronto) and Carleton University (Ottawa) 31 Your Next Big Idea
    • Ontario’s Aerospace Education Programs 32 Institution Program Program Details University of Toronto Institute for Aerospace Studies University of Toronto Institute for Aerospace Studies (UTIAS) serves as both a premier research institute and a graduate school. Ryerson University Institute for Aerospace Design and Innovation The Ryerson Institute for Aerospace Design and Innovation (RIADI) has a partnership with the leading aerospace companies in Ontario. York University Faculty of Science and Engineering Faculty of Science and Engineering is one of Canada's leading teaching research institutions generating over $20 million in research grants annually with strengths in the Space and Engineering program. Carleton University Faculty of Engineering and Design Carleton’s Department of Mechanical and Aerospace Engineering is committed to integrated teaching and research activities in the aerospace engineering field. Mohawk College Aviation Technician Aircraft Maintenance program is a two-year Ontario College Diploma that provide hands on training in an operational airport environment utilizing not only static but flying aircraft. Centennial College Aerospace Centre for Training and Education Centennial's Aerospace Centre for Training and Education is a $6.1 million facility that is used by more than 300 aerospace students and features state-of-the-art labs and expanded aircraft hangar. Note: List not exhaustive 32 Your Next Big Idea
    • Ontario Aerospace Industry Strong research capabilities 33 CANMET Materials Testing Laboratory  Located in Hamilton, CANMET is Canada’s principal federal research and development laboratory for metals research, including materials for use in aerospace, as well as automotive applications, clean energy, nuclear power generation, major infrastructure such as pipelines, defence and eco-materials. National Research Council (NRC)  Funded by the Government of Canada, the NRC helps industry benefit from advances that could drive new economic growth in photonics, nanotechnology, genomics, advanced materials and fuel cells. Natural Sciences and Engineering Research Council of Canada (NSERC)  NSERC is Canada's federal funding agency for university and industry-based research. Ontario Centers of Excellence (OCE) / Ontario Network of Excellence (ONE)  The Ontario Centers of Excellence (OCE) co-invest to commercialize innovation originating in the province’s colleges, universities and research institutions.  The Ontario Network of Excellence (ONE) is a collaborative network of organizations across Ontario, designed to help commercialize ideas.  Ontario Aerospace Research and Technology Development Challenge Program Source: Respective organizations Your Next Big Idea
    • Ontario Aerospace Industry Strong research capabilities 34 Defence Research and Development Canada (DRDC)  DRDC is an agency of the Canadian Department of National Defence (DND) responding to the scientific and technological needs of the Canadian Forces, and collaborating with industry for research and the licensing of technologies.  The agency has an annual budget of $300 million, employs 1,600 and is made up of seven research centres located across Canada (4 in Ottawa, 1 in Toronto). Business Led (BL) – National Centres of Excellence  These are business-driven with a research program directed and managed by private sector members to address key performance issues of their sector and enable businesses to develop, share and benefit from innovative solutions through collaboration and pooled resources across the private and public sector.  The Government of Canada runs a competition to select new BL networks over a period of years. Fraunhofer Project Centre at Western  Western University in London, Ontario and the Fraunhofer Institute of Chemical Technology in Germany have launched a long-term research collaboration on composite technologies for weight reduction. Source: Respective organizations Your Next Big Idea
    • 35 Federal Programs and Agencies 35 Your Next Big Idea
    • Strategic Aerospace and Defence Initiative 36 http://ito.ic.gc.ca/eic/site/ito-oti.nsf/eng/h_00022.html • SADI is a $900 million repayable contribution program that supports research and development in the aerospace, defence and space industries. • Launched in April 2007 by Industry Canada and administered by the Industrial Technologies Office (ITO). • SADI supports industrial research and pre-competitive development projects that enhance current Canadian technologies, support next-generation technologies, help increase Canadian participation on aircraft platforms and help industry achieve Canada's international obligations. • The objective is to encourage strategic R&D that will result in innovation and excellence in new products and services and to foster collaboration between research institutes, universities, colleges and the private sector. • SADI has invested a total of $781 million across Canada. • Examples of Ontario company projects since 2010 include: Company Value ($M) Date City Project $300 December 2010 Ottawa Development of lighter more fuel efficient aircraft engines D-TA Systems $1.80 October 2010 Ottawa Advanced data conversion systems Integran Technologies $1.10 April 2010 Ottawa Nanotechnology-based coatings Pratt and Whitney Canada* Funding used to support activities both in Ontario and other provinces 36 Your Next Big Idea
    • FedDev Ontario 37 www.feddevontario.gc.ca • (FedDev Ontario) was created to support businesses and communities in southern Ontario. The Agency has launched a number of initiatives to create a Southern Ontario Advantage and place the region in a strong position to compete in the global economy. Initiatives include: • Technology Development Program provides financial support to encourage research and innovation to accelerate the development of large-scale, advanced technologies that will result in new market opportunities for southern Ontario businesses. • Investing in Business Innovation provides funding to boost private sector investment in start- up businesses to accelerate the development of new products, processes and practices and bring them to market. • Prosperity Initiative encourages businesses, not-for-profit organizations and post-secondary institutions in southern Ontario to undertake projects that will result in a more productive, diversified and competitive economy in the region. 37 Your Next Big Idea
    • Canadian Commercial Corporation 38 www.ccc.ca The CCC promotes international defence procurement cooperation between Canada, its allies and like-minded nations, helping deliver Canadian defence and security products, solutions and expertise to governments around the world. Under the Canada-US Defence Production Sharing Agreement (1956), the United States Department of Defence (DOD) purchases goods and services from Canadian suppliers through the CCC. • The CCC acts are the prime contractor and guarantees contract performance to the United States DOD. A separate domestic contract is signed by the CCC and the Canadian supplier. • Through this agreement, the CCC contracts between $650-750 million of business with the United States DOD annually. • All defence purchases from Canada above $225,870 USD must be transacted through the CCC. • The Canadian Commercial Corporation provides assistance to exporters that are looking to export to the United States Department of Defence and must follow ITAR regulations. 38 Your Next Big Idea
    • Canadian Commercial Corporation 39 • In 2009-2010, CCC achieved $3.5 billion worth of contracts signed.  Every year, the Canadian Commercial Corporation manages an average $1 billion in contracts delivered by Canadian Companies to the U.S. Department of Defence and NASA  Over the last 15 years, CCC has signed a number of large contracts with the U.S. DOD including armoured vehicles built by General Dynamics Land SystemsCanada, landing gear from Héroux-Devtek, radios for the U.S. Army from Ultra Electronics TCS and an inertial guidance system from Litton Systems Canada. • Other Recent announcements include:  Delivering a Hercules Observer Trainer (HOT) to the Royal Australian Air Force in 2011  Signing a contract with the Government of Peru for the delivery of 12 Twin Otter aircraft in 2010  Becoming Prime Contractor for the delivery of Colt Canada’s C7 and C8 small arms to Denmark, the Netherlands and the United Kingdom 39 Your Next Big Idea
    • Export Development Canada 40 www.edc.ca Export Development Canada provides support for inbound foreign investment where the investor is:  domiciled outside of Canada;  investing at least 10% of the common equity in a greenfield development or purchasing at least 10% of the assets/equity of an existing Canadian entity; and  taking an active role in directing and/or managing the investment, including influencing either (i) the initiation of exports to affiliates, or (ii) integrating the Canadian company's exports within an existing global supply chain or global sales network with unrelated entities. 40 Your Next Big Idea
    • SR&ED Tax Credits 41 Canada’s Scientific Research and Experimental Development (SR&ED) program: • Tax incentive program is one of the most generous systems in the industrialized world for research and development (R&D). • A foreign controlled company undertaking R&D in Canada can accrue Federal tax credits of 20% on qualified expenditures including wages, materials, overhead on R&D. • Eligible SRED activities include: Experimental Development, Applied and Basic Research and support activities (i.e. engineering, design). The Ontario government also provides R&D credits linked to SR&ED: • Ontario Research and Development Tax Credit: 4.5% non-refundable tax credit on eligible R&D expenditures in Ontario. • Ontario Business Research- Institute Tax Credit: 20% refundable tax credit for SR&ED expenses incurred in Ontario under an eligible contract with an eligible research institute to a maximum of $4 million annually. 41 Your Next Big Idea
    • 42 Organizations 42 Your Next Big Idea
    • Ontario Aerospace Council 43 http://www.ontaero.org/ • The Ontario Aerospace Council is a not-for-profit, organization representing all segments of the Ontario aerospace industry. • The Council’s Board of Directors is made up of representatives from a number of major companies, including Honeywell, Goodrich, Bombardier and Pratt & Whitney Canada. • The goals of the Ontario Aerospace Council are to enhance recognition of the Ontario aerospace industry as a leader in global aerospace markets and to build stronger capabilities in the industry to assure continued growth and prosperity. • The Ontario Aerospace Council works closely with the Ontario government to promote and develop the Ontario aerospace industry, both at home domestically, and abroad. 43 Your Next Big Idea
    • Aerospace Industries Association of Canada 44 http://www.aiac.ca/ • The Aerospace Industries Association of Canada (AIAC) is a member-driven, not-for-profit, national organization that promotes and facilitates Canadian competitiveness in the global aerospace industry. • Representing the interests of over 400 Canadian aerospace manufacturing and service companies, the AIAC is an authoritative source of information on the composition and performance of the aerospace industry in Canada. • The organization advocates on behalf of companies looking to develop innovative technologies, bring these technologies to the market, and finance sales to customers. 44 Your Next Big Idea
    • Ministry of Economic Development, Trade and Employment 45 Connecting businesses in Ontario and throughout the world with the people, products and ideas that make Ontario “Canada’s Economic Powerhouse” We have an experienced and dedicated team of professionals standing ready to partner with you to make Ontario a location for your success. Please contact us for assistance with: • The latest information on our economy and business climate • Development of a business case for Ontario • Comprehensive profiles of Ontario municipalities • Province-wide site searches of available industrial land and buildings • Site selection and community visits throughout the province • Contacts with federal, provincial and municipal officials, as well as utilities, transportation firms and business facilitators. 45 45 Your Next Big Idea
    • For More Information 46 Ministry of Economic Development, Trade and Employment (MEDTE) Investment website: http://www.investinontario.com/ Access to information, tools and resources on Ontario’s: • Business climate and investments • Community economic profiles • Ontario sectors • Business Immigration 46 Your Next Big Idea
    • For More Information 47 Ministry of Economic Development, Trade and Employment Advanced Manufacturing Branch Aerospace and Materials Unit 7th Floor 56 Wellesley Street West Toronto, ON, M7A 2E7 Canada Fax: 416-325-6885  Joe Veloce, Manager, 416-325-6767  joe.veloce@ontario.ca  Don Fusco, Team Leader, 416-325-6871  donald.fusco@ontario.ca www.ontario.ca/economy 47 Your Next Big Idea