Ontario, Canada Helps Business Take Off at Flying Colours

News provided by

Ministry of Economic Development, Trade and Employment - Ontario, Canada

Feb 05, 2014, 06:00 ET

TORONTO, Feb. 5, 2014 /PRNewswire/ -- Ontario is helping Flying Colours Corp., expand production at its facility in Peterborough, Ontario.

(Photo: http://photos.prnewswire.com/prnh/20140205/CG58723)

Dr. Eric Hoskins, Ontario, Canada Minister of Economic Development, Trade and Employment announces A $1.2 Million CAD grant for Flying Colours Corp., specialists in aircraft completion, maintenance and refurbishments, for the expansion of its Peterborough, Ontario facility. Pictured: *Hoskins;* Ontario Minister of Rural Affairs and Peterborough MPP *Jeff Leal*; *Kate Ahrens,* Flying Colours VP Corp Development and Interior Design; *John Gillespie,* Flying Colours President and CEO; and *Darryl Bennett,* Mayor of Peterborough. (PRNewsFoto/Ministry of Economic Development, Trade and Employment - Ontario, Canada) (PRNewsFoto/MINISTRY OF ECONOMIC DEVELOPM...)

The company specializes in aircraft completion, maintenance and refurbishments. With support from the Eastern Ontario Development Fund, Flying Colours will invest in new equipment and engineering expertise to enhance its custom interior finishing and completion services while finding innovative and cost-effective ways to meet regulatory and safety standards. This project will also help to increase Flying Colours' global business and attract new investment opportunities.

QUOTES

"When companies like Flying Colours invest in new technology and create jobs, it strengthens our economy. Our government is proud to support this project, which will lead to new opportunities and more jobs for the people of Peterborough."
-- Dr. Eric Hoskins, Minister of Economic Development, Trade and Employment

"Our success at Flying Colours comes from staying at the forefront of technology to offer our customers superior product design and service. The Ontario government's support is helping to widen our service offerings, further enhancing our opportunities for new business development and growth, in Canada and around the globe."
-- John Gillespie, President and CEO, Flying Colours Corp.

QUICK FACTS

  • Ontario is providing a grant of $1,205,500 towards this project.
  • The Eastern Ontario Development Fund is accepting applications from qualified businesses that are growing and creating jobs.
  • Sectors eligible for the fund include advanced manufacturing, processing, life sciences, information and communications technology, tourism and cultural industries.
  • Since 2008, the government has committed over $68 million in Eastern Ontario Development Funding, leveraging a total investment of more than $655 million.

LEARN MORE

About Ontario's Aerospace Industry

FOR MORE INFORMATION CONTACT

Patricia Pytel
Media Relations
Ministry of Economic Development, Trade and Employment
[email protected] 
416-327-8313

Margy Sweeney
Akrete Communications
[email protected] 
312-612-0343

SOURCE Ministry of Economic Development, Trade and Employment - Ontario, Canada