Summerside Regional Development Corporation

2016-06-10
: WATERFRONT VISION - PUBLIC OPEN HOUSE - JUNE 22, 2016: 7PM; Ekistics Plan+Design is helping Summerside to plan for the next 25 years of its waterfront and dow...

2016-06-09
: EXPLORING ATTRACTS; Adventure Canada aims to deliver unique experiences of culture, history, and natural wonder, and suc...

2016-05-20
: VECTOR UPGRADES CAPACITY WITH NEW ENGINE TEST CELL; Trevor Hogan sat behind a shiny new control panel Wednesday morning, with all kinds of monitors, but...

2016-01-19
: SUMMERSIDE GROUP PLANNING WATER TAXI, UPGRADES TO HISTORIC LIGHTHOUSE; There are plans afoot to introduce some unique attractions to the City of Summerside�s waterfront. ...

VECTOR AEROSPACE ATLANTIC

Vector Aerospace Atlantic announced today that it is renewing its lease in Slemon Park for another 15 years.

The company is one of the largest public sector employers on the Island with more than 400 employees at its Slemon Park facility.

Also part of the announcement was new federal and provincial investments worth more than $6 million in the company.

On the federal side, the Atlantic Canada Opportunities Agency is giving the Summerside Regional Development Corporation a $1.5 million loan to build a new 4,000 square foot airplane engine test cell in Slemon Park.

That cell will then be leased to Vector.

The provincial government has also agreed to give Vector a $4 million financing loan, and an additional $1.3 million payment in 2017 if the company maintains or expands current staffing levels until then.

Image: From left are, Arnold Croken, General Manager of the Summerside Regional Development Corporation; Gerald Keddy,  Parliamentary Secretary to the Minister of Agriculture, to the Minister of National Revenue and for the Atlantic Canada Opportunities Agency; The Honourable Wade MacLauchlan, Premier of Prince Edward Island; Jeff Poirier, President of Vector Aerospace Engine Services - Atlantic; and Shawn McCarvill, President of Slemon Park Corporation. The company is one of the largest public sector employers on the Island with more than 400 employees at its Slemon Park facility.