Canadian company expects to create 89 jobs
Beth JoJack //November 1, 2024//
Canadian company expects to create 89 jobs
Beth JoJack // November 1, 2024//
CMC Electronics, a Montreal-based avionics manufacturer, will invest $5 million to establish an office and research and development facility in Reston, Gov. Glenn Youngkin announced Friday.
Initially, the project will create 89 jobs, with more positions expected as operations increase, according to the governor’s office.
“This creation of new high-tech jobs demonstrates the strength of our commonwealth’s talent pipeline and our commitment to fostering cutting-edge industries,” Youngkin said in a statement.
CMC Electronics also has facilities in Canada and Illinois.
The company that would become CMC Electronics launched in 1903 as a wireless telegraph business. In the 1960s, the business switched its focus to aircraft navigation, monitoring and display systems, tactical radio communications, radar systems and multi-processor telex switching systems. Today, CMC Electronics designs and manufactures cockpit systems integration, avionics, display solutions and high-performance microelectronics for the military and commercial aviation markets.
“By expanding our presence, we are reinforcing our commitment to growth and continuing to provide cutting-edge avionics solutions that meet the evolving needs of the aerospace and defense industries,” Pierre Rossignol, president of CMC Electronics, stated.
The Virginia Economic Development Partnership worked with the Fairfax County Economic Development Authority to secure the project for Virginia.
Youngkin approved a $300,000 grant from the Commonwealth’s Opportunity Fund, a cash grant awarded to local governments on behalf of a company to offset or reimburse certain project-related costs, to assist Fairfax County with the project. Additionally, CMC Electronics is eligible for the Major Business Facility Job Tax Credit, which provides an $1,000 income tax credit for each full-time job created over a threshold number of jobs. VEDP’s Virginia Jobs Investment Program will also provide funding and services for recruitment and training.
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