# Icarus Aero expands Gravenhurst facility with Ontario investment

Icarus Aero Inc. is investing $3.2 million to expand its Gravenhurst facility by 9,000 sq. ft. and purchase new equipment, supported by $480,000 from Ontario's Regional Development Program. The project will create 8 new jobs.

- Type: Expansion
- Announced: 2021-11-25
- Where: Gravenhurst, Ontario, Canada
- Value: $2.50M (3.20M CAD)
- Jobs: 8
- Status: announced
- Products: mission-specific aircraft engineering and manufacturing solutions
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Icarus Aero Inc.](https://endata.com/companies/59235.md)
- [Government of Ontario](https://endata.com/companies/1008.md) (investor)

## Sources

- [news.ontario.ca](https://news.ontario.ca/en/release/1001231/province-invests-in-muskoka-region-manufacturers-to-boost-regional-economy), 2021-11-25: "This funding is invaluable to our goal of expanding our facilities which will allow us to bring highly specialized and valuable jobs that will benefit the people and families of Muskoka region for many years to come."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.