Mr. Speaker, about two or three months ago I was able to make an announcement in York Region, where FedDev provided a $3-million or $3.5-million repayable loan to a commercial aircraft parts supplier. These were high-skilled jobs. Jobs that paid well north of $100,000 a year. We made that announcement, and I was proud that FedDev was making that announcement in a manufacturer providing good-quality jobs in York Region and competing against companies globally. Those types of investments are the investments we need to grow the economy. We need to grow key sectors. In this instance it was the aerospace sector. It was something that I was proud of. I spoke to the owner that morning and he thanked us for being partners with his company. He thanked us for that repayable loan, or if one wants to call it a grant.
I remember our conversation vividly. I said that we are investing in high-tech, high-margin industries, in industries where we see growth. Here was a company in York Region manufacturing parts for the Boeing 787 and the Airbus A330 and A320. It was something we could be proud of and that was provided by FedDev.
I agree wholeheartedly on governance. I come from the private sector. Governance is very important to me. I would not invest in a company if it did not have good governance, and I would not believe in government if it did not have good governance.