Americans, read and weep. THIS is what free economy, technical advancement and entrepreneurship is all about…
“It makes me proud to be a New Zealander, but frustrated because every dollar comes out of our pockets [compared with other countries with unlimited Government backing].
“We can’t confirm or deny sales because of who we deal with. But the books look good.
“Development costs are enormous and we are always looking for investors. I’m trying to keep the business in New Zealand because it’s good for growth and development, new skilled jobs and another industry.”
The US Government recently gave $0.5bn to a UAV developer. In comparison, the New Zealand Government recently gave its first grant to the aerospace industry when Pacific Aerospace Corporation received $480,000 from the Growth Services Fund to develop and enhance its manufacturing capability.
Economic development minister Jim Anderton says the grant is for international certification in targeted markets, expanding capacity, and developing human capital.
The Growth Services Fund is accessible only for companies identified as having clear and significant growth potential, for whom a development plan has been compiled.
Note please, that PAC is NOT the designer of this little beauty. Their grant was for the marketing of another aircraft…
For the technically minded…
Later edit...
To add another -
If you own a GPS or cell phone, there is a 65% probability that the oscillator that drives it comes from this company. Here is their home page.
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