Business View Magazine | March 2020

351 BUSINESS VIEW MAGAZINE MARCH 2020 PETERBOROUGH, ONTAR IO overhaul business have been expanding, as well.” Flying Colours Corp. is one such company, providing maintenance, repair and overhaul services, completions, refurbishments, special mission modifications, avionics upgrades and installations, exterior paintwork, and aircraft transaction support. Most important, however, in regards to Peterborough’s future economic development, is the city’s desire to position itself as Canada’s premier destination for clean tech companies, with a major focus on entrepreneurship and innovation in the field of water technology. “Water is something that a lot of our entrepreneurs are focused on,” Kennan explains. “We have a number of companies that have started here, with water technologies that are applicable to many different sectors, such as food production and even the mining industry – any type of industry that is using water that is going to go back into a new cycle. Making sure that they are able to remove contaminants is a Today, even though there has been somewhat of a decline in the city’s manufacturing sector over the past several years (General Electric closed its last remaining facility in 2018), Rolls Royce still operates two facilities in town, Quaker Oats still has downtown Peterborough smelling like chocolate chip cookies, and Coca-Cola’s Minute Maid division is constructing an $85-million milk production facility for its Fairlife brand, which is due to open this year, adding about 35 new jobs. “We also have had a number of companies growing in the aerospace sector,” says Rhonda Keenan, President & CEO for Peterborough and the Kawarthas Economic Development organization, which works to promote, facilitate, and develop a strong and unified economic development presence within the region. “We have the Peterborough Airport, which has been rapidly growing and expanding due to investment in infrastructure from the municipal, provincial, and federal levels. A number of companies in the maintenance and Trent University