www.wingsmagazine.com

News
Aerospace sector to benefit from industry day

Nov. 9, 2010, Saskatoon - The Honourable Lynne Yelich, Minister of State for Western Economic Diversification, provided opening remarks today at the local “Partnering for Success” Industry Day, highlighting the Government of Canada’s commitment to facilitating growth opportunities for western Canadian aerospace and defence firms.


November 9, 2010
By Carey Fredericks

“Western Canadian companies in the aerospace and defence sector are important job creators in our communities,” said Minister Yelich. “Our Government is committed to providing them with every opportunity to grow and excel in today’s competitive global environment.”

Western Economic Diversification Canada (WD) and Enterprise Saskatchewan have partnered to host the event to provide comprehensive details on the Government of Canada’s Industrial and Regional Benefits (IRB) policy. An afternoon business matchmaking session will enable representatives of small- and medium-sized firms to meet with companies that have IRB obligations. The sessions could lead to new joint ventures, partnerships and investment.

"This event is an excellent networking opportunity for aerospace and defence firms in Saskatchewan," said the Honourable Jeremy Harrison, Minister of Enterprise and Minister Responsible for Trade. "This event will generate additional investment, business and job opportunities which is not just a benefit for these industry sectors, but for our province as a whole."

Through the Government of Canada’s Industrial and Regional Benefits policy, Western Economic Diversification Canada is helping to facilitate industry opportunities and partnerships for western Canadian firms. Activities include identifying key federal procurement opportunities for the West, as well as promoting western Canadian businesses and connecting them with global aerospace and defence companies.

Industrial and Regional Benefits consist of contracts awarded to Canadian businesses and investments made in high-technology sectors of the Canadian economy by successful bidders on federal defence procurement projects.