THUNDER BAY – “We recognize the important economic development role the Thunder Bay International Airport Authority plays in Thunder Bay and Northwestern Ontario. Our economy in Thunder Bay continues to be one of the best in Ontario, and any further growth at TBIAA accommodated by this announcement will help continue the trend! I look forward to a continued partnership with CEO Scott McFadden in the interests of Thunder Bay and Northwestern Ontario,” stated Bill Mauro the MPP for Thunder Bay Atikokan.
Mauro’s comments come with word that the Ontario government is supporting the Thunder Bay International Airports Authority Inc. through the Northern Ontario Heritage Fund Corporation (NOHFC). NOHFC has approved funding in the amount of $1 million, to allow Thunder Bay International Airport to build an extension to the aviation-related industrial park at the Thunder Bay International Airport Authority (TBIAA). This project will accommodate new tenants and allow for the continued growth of the aviation sector in Thunder Bay.
Once businesses establish themselves in the expanded industrial park, it is estimated that (within 10 years) up to 270 full-time equivalent permanent positions will be created – many of which are forecast to be high-paying professional positions.
“The Airport and air transportation sector in Thunder Bay is responsible for half a billion dollars annually in economic activity, and over 5000 jobs. We’re very pleased that the provincial government has agreed to help the TBIAA with its next phase of commercial real estate expansion. The developed lots will be included in the Airport Community Improvement Zone, meaning that aviation-related companies will join others at the Airport that have already taken advantage of additional development incentives made possible several years ago by Bill Mauro. On behalf of the TBIAA I would like to thank Provincial Government, and in particular Bill Mauro, for his ongoing support of the Thunder Bay international Airport,” stated Scott McFadden the President and Chief Executive Officer for the Thunder Bay International Airport Authority.