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Dozens of new jobs expected from $17M provincial funding for aerospace manufacturer

Magellan Aerospace getting $8M grant, $9M loan to create new machining centre, support training for students

CBC NewsCameron MacLean

The Manitoba government is giving $17 million in grants and loans to an aerospace manufacturing company, amid uncertainty over whether its products could be subject to possible U.S. tariffs. 

Magellan Aerospace, which has factories in Winnipeg and Stonewall, will receive an $8-million grant and a $9-million loan to be repaid over 12 years, the province said Thursday.

The funding will help Magellan create a new machining centre, test new space products and support collaboration with Red River Coll…

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Read the full story on the CBC website

Dozens of new jobs expected from $17M provincial funding for aerospace manufacturer

SOURCE www.cbc.ca

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https://winnipeg.lokol.me/s/dozens-of-new-jobs-expected-from-s17m-provincial-funding-for-aerospace-manufacturer-54749-10091185
CBC NewsCameron MacLean, Posted: Jan 09, 2025 7:09 PM EST | Last Updated: 9 minutes ago
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