Good news announcement today for Summerside. Great to see incentives being offered to attract jobs to the City and the region.
More jobs, more money in Tube-Fab
CBC News
Posted: Jul 20, 2011 2:38 PM AT
Last Updated: Jul 20, 2011 2:38 PM AT
The P.E.I. government announced Wednesday there will be more jobs than expected in the consolidation of the aerospace company Tube-Fab, and also more provincial dollars.
Last November the province announced Tube-Fab would move its head office from Toronto and various U.S. sister companies to Summerside. A Cornwall, P.E.I. operation would be part of the consolidation. It said there would be 80 jobs in the new facility, as compared to 20 currently in Cornwall.
As the company held a job fair in Summerside Wednesday, the province said 100 people would be employed at the plant. It also announced the Summerside Regional Development Corporation would invest $1.4 million. Innovation P.E.I's contribution went up from $1.2 million to $1.4 million.
The ACOA contribution remains the same, at $227,500.
Tube-Fab provides machining and welding services, and specializes in tube-bending, shaping, and fabricating tubular and machine components for the aerospace, energy and medical products sectors.
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