With a community of operations at and in close proximity to Peterborough’s Airport and aerospace business park, Peterborough is a leading base for national and international maintenance, repair and overhaul (MRO); research and development; and training.
The Peterborough region offers excellent access to unrestricted airspace, a highly skilled workforce, industry leading training facilities, desirable infrastructure to reduce top line costs and serves as an excellent launching point for national, U.S. and global markets.
Invest in Peterborough
With an ever-increasing number of diverse aviation and aerospace sector businesses, and a community rich in experience and expertise, Peterborough offers an inclusive atmosphere of success. Our collaborative supply chain, quick growth and recently completed strategy make for an investment opportunity that can’t go unnoticed.
A Strategic Location
In Ontario, the aerospace sector is the 2nd largest in Canada. Location-wise, easy access to Toronto, Ottawa, Montreal and Eastern United States makes Peterborough an attractive place from which to connect the aerospace market. Peterborough is only 2 hours away from the U.S border, and has a lower cost of doing business compared to larger markets. We have lower corporate tax rates (25% compared to 36% US average) and business operating costs in Ontario are 93.7% of US business operating costs.
Southern Ontario has the highest concentration of advanced manufacturing industries in Canada, including aerospace. Along the Southern Ontario corridor, Peterborough is a top aerospace hub for manufacturing and MRO.
The Peterborough Airport (YPQ) boasts the longest civil runway (7000 ft) between Toronto and Ottawa, which supports Boeing 737-900 and Airbus 320 operations, and is one of the busiest small airports in Canada. The Peterborough Airport is a member of the Southern Ontario Airport Network, and is poised as one of Southern Ontario’s most up-an-coming centres for growth with more than $40 million in infrastructure investments for business.
It’s ideal for MRO business for a few reasons:
- No curfews; environmental approvals are in place for MRO hangar facilties
- Parts suppliers, avionics and turbine engine support
- Overnight couriers to major centres
Internationally Significant Supply Chain
The Peterborough Airport offers a robust supply chain including FBO, MRO, parts suppliers, and service providers. There is a growing presence of international companies such as Flying Colours (Global MRO Facility), Rolls Royce Civil Nuclear and Naval Marine Canada, Safran Electronics Canada and Siemens Electronics to name a few.
Access to Highly Qualified Talent
The Peterborough Airport is home to Seneca College’s School of Aviation, offering flight training and classroom instruction and it’s just minutes away from Fleming College’s Kawartha Trades & Technology Centre, as well as Trent University’s Centre for Biomaterials Research, with the recent successful completion of research leading to the development of low-temperature, biodegradable and sustainable lubricants and the development of compounds which act as fuel additives. It’s also important to note that Peterborough’s Holy Cross Secondary School offers programming in Aviation and Aerospace. Equally important is the long history in local manufacturing culture – The Kawartha Manufacturers Association, 50 members strong provides a labour market that is filled with highly qualified professionals.
Peterborough’s convenient location also offers close proximity to the University of Ontario’s Institute of Technology for expertise in engineering and applied science.