Published on : Saturday, August 9, 2014
A new study looking at British Columbia’s aerospace industry will help businesses take advantage of major growth projected in airplane sales and air traffic in Asia.
The Province recently announced a $5-million dollar commitment to help develop a more unified aerospace industry cluster in B.C. through a partnership agreement with the Aerospace Industry Association of Canada (AIAC) Pacific.
The Aerospace Capabilities Study will be conducted by KPMG and is one part of the AIAC partnership agreement that will look at the industry’s economic impact on B.C.’s economy.
It will be used as a baseline to measure performance and help aerospace businesses in the province plan how they can supply their products and services particularly for international markets in Asia and the Pacific Northwest.
The study is one part of the efforts the Province is making to support the aerospace industry.
Details will be announced later this year on four workshops designed to highlight how small businesses in B.C.’s aerospace sector can take advantage of opportunities in growing international aerospace markets.
There are currently 10,000 aerospace related jobs in B.C. and the government had identified the industry as a potential key growth area in the BC Jobs Plan.
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