On Monday, Governor Scott, along with representatives from the Vermont Agency of Commerce and Community Development(ACCD), participated in the Aerospace Innovation Forum 2018, hosted by Aero Montreal. The Governor and ACCD were joined by seven Vermont businesses in the aerospace industry: MSI, Stephens Precision, Sathorn Corporation, Microwire Transmission, Liquid Measurement Systems, SemiProbe, and Vermont Aerospace.
Vermont is home to a thriving $2 billion aerospace and aviation industry, with powerful industry leaders and an established supplier base of over 250 small and medium-sized enterprises (SMEs). World-class primes such as Airbus, Boeing, Lockheed Martin and Northrop Grumman rely on Vermont's manufacturers to design, build and deliver high quality products with innovation and speed to market. The economic impact of civil aviation alone for the state of Vermont includes $1.2 billion in economic output, $298 million in earnings and 9,505 jobs according to the Federal Aviation Administration.
The Aerospace Innovation Forum is the largest gathering of aerospace professionals in Canada. This year boasts the sixth edition of the international event, and the focus will be on disruptive technologies in the aerospace industry. The Forum will have workshops, conferences, B2B meetings, networking sessions and presentations by international industry experts, business leaders and government officials.
The Administration's participation in the forum represents Governor Scott's commitment to strengthening our economic partnership with Canada. This marks Governor Scott's sixth trip to Canada as Governor to meet with Canadian leaders and businesses, in part, to help Canadian businesses establish a footprint in Vermont. These efforts have resulted in initial successes, such as Pratiko, a Quebec-based medical device manufacturing firm, opening a location in St. Johnsbury.
The Governor has also expressed his support for renewing the United States' commitment to NAFTA and has worked to increase Vermont-Canadian tourism through at-par lodging promotions for passengers who travel from Toronto to Burlington.
"Continuing to build on our strong economic relationship with Canada is crucial to growing Vermont's economy and supporting our workforce," said Governor Scott. "With $3.8 billion in trade between Vermont and Canada-supporting nearly 19,000 Vermont jobs-it is crucial to maintain this robust economic partnership," Governor Scott added.
For more information on this year's Aerospace Innovation Forum, please visit https://www.aeromontreal.ca/innovation-forum-2018.html.
Media Contact: Ethan Latour, Office of the Governor, Ethan.Latour@Vermont.Gov, 802-595-3776