Although the planning of the precinct has been in the works for over two years, momentum to convert strategy into action escalated following the establishment of significant state and federal government financial incentives as part of a new Economic Growth Zone for the Latrobe Valley, delivering a $266 million package to create local jobs and grow local businesses.
Latrobe City deputy mayor, Councillor Graeme Middlemiss said “the momentum behind the establishment of the aerospace precinct is buoyed by Latrobe City’s keen focus on economic diversification, aided with a tremendous level of support and understanding by other tiers of government.”
The official launch of the Precinct took place at Avalon Airshow on Thursday March 2, with Councillor Middlemiss noting key players did not miss the launch.
“More than 50 leaders in aviation manufacturing attended the launch and the interest displayed was encouraging, with at least three entities being significant chances of creating jobs in our region.
“The strategy supporting the Latrobe City Aerospace Precinct seeks to set Latrobe City apart, and will bring together research institutions, universities and industries. The precinct will establish a manufacturing zone, training and education zone, advanced manufacturing laboratory and research centre.”
The official launch of the Precinct took place at Avalon Airshow on Thursday March 2.
The Precinct is located at the Latrobe Regional Airport, located 150km east of Melbourne between Morwell and Traralgon.
The establishment of the Precinct is expected to build on the capabilities already at the airport with Mahindra Aerospace, the manufacturer of the only Australian built commercial aircraft.