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Ontario to fund expansion of Algoma aviation services company

$1.4 million provincial investment will create jobs and strengthen local economy
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ECHO BAY – The Ontario government is providing more than $1.4 million through the Northern Ontario Heritage Fund Corporation (NOHFC) to enable Springer Aerospace to expand its operations in Echo Bay, building new facilities and upgrading current amenities. This investment will help the company create jobs and capitalize on increased demand for its aviation maintenance, repair and overhaul services.

"Supporting growth in the aviation and aerospace sector in Northern Ontario is a key priority for our government," said Greg Rickford, Minister of Northern Development, Mines, Natural Resources and Forestry. "These investments will create jobs in Algoma District and strengthen an important sector of the regional economy."

A $1 million investment will enable Springer Aerospace to build a new hangar to accommodate the company’s rapid growth. A further $472,960 will be used to upgrade Springer’s long and short aviation runway, install new furnaces, purchase a new fuel tank and build a new culvert. These capital investments will enable the company to increase its capacity and attract a wider range of clients.