MONTREAL, March 22, 2013 /CNW Telbec/ - Aro Montral, Quebec's aerospace cluster, is pleased with the industry-specific measures announced yesterday in Canada's Economic Action Plan 2013.

"The measures announced are a positive response to the recommendations issued in the Aerospace Review report tabled last November. They are great news for the Quebec aerospace industry and attest to its strategic importance for the Canadian economy," said Gilles Labb, chair of the board of Aro Montral and president and CEO of Hroux-Devtek.

The recommendations for 2013-2014 clearly reflect the main priorities the industry set during the consultations in which Aro Montral took part:

In addition, incentives for small businessessuch as tax breaks on new machinery and equipmentwill promote growth of the industrial fabric and help strengthen the supply chain.

"We salute the government's vision in making aerospace a priority," said Aero Montral president Suzanne Benot. "This initial work plan dovetails with a number of initiatives implemented by actors in Quebec's aerospace cluster in the past ten years, such as the Greener Aircraft Catalyst Project (SA2GE) and the Consortium for Research and Innovation in Aerospace in Qubec (CRIAQ), as well as the MACH Initiative, Aro Montral's supply chain development program. By actively supporting this up-and-coming sector with effective and well-designed programs, the Canadian government is helping ensure the industry's long term growth and the creation of high quality jobs for Canadians."

About Aro Montral

Aro Montral, Qubec's aerospace cluster, is a strategic think tank that groups all the major decision makers in Qubec's aerospace sector, including companies, educational and research institutions, associations and unions.

Aro Montral's mission is to mobilize industry players around common goals and concerted actions to increase the cohesion and optimize competitiveness of Qubec's aerospace cluster. It aims to foster the growth and expansion of the cluster so as to ensure that it may continue to create wealth for Montral, Qubec and Canada. To find out more about Aro Montral, visit http://www.aeromontreal.ca.

SOURCE: Aro Montral

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Economic Action Plan 2013 - Benefits Quebec Aerospace Industry