Cambridge aerospace firm Com Dev is set to double its production and create 75 new jobs thanks to a $1 million grant from the Ontario government.
The company plans to expand its Cambridge manufacturing facility and invest in technology in order to "improve efficiency, increase productivity and lower environmental impacts," the provincial government said in a news release Friday.
The grant comes from the province's Southwestern Ontario Development Fund and Com Dev CEO Mike Pley said the money will be rolled into a larger $8 million investment to double the company's production capacity.
"We have to be able to have world class environmental management and proper waste treatment," Pley said Friday. "And having a brand new facility allows us to do all that."
Com Dev is a designer and manufacturer of high tech space hardware headquartered in Cambridge. It employs 1,200 people in offices across Waterloo Region, the United States and the United Kingdom.