Clyde Machines Expanding in Glenwood, Minnesota
07/02/2014
The company that manufacturers trailers, towbars, maintenance stands, crew and passenger stairs, baggage carts and other equipment for the airline industry plans to add 15 associates to its workforce. To assist the company with the expansion, the Minnesota Department of Employment and Economic Development approved a $200,000 low-interest loan from the agency’s Minnesota Investment Fund. The company plans to use the funding for the expanded facility and new equipment.
“Significantly increasing our investment in the Minnesota Investment Fund has helped dozens of businesses like Clyde Machines expand across our state, creating thousands of new jobs,” said Governor Mark Dayton. “I congratulate Clyde Machines on its success in Minnesota and for this important expansion that will create 15 new jobs in Glenwood.”
“Clyde Machines is a family-owned business that has built an international clientele over the past 50 years,” said DEED Commissioner Katie Clark Sieben. “The company is a Minnesota success story, and we welcome the opportunity to help them to build on that success with new jobs and a bigger facility.”
Article Discussion
Most Read
- U.S. Tax Reform: A Game-Changer for Manufacturers
- FDI & Reshoring Lead to U.S. Manufacturing Growth
- The New Aluminum and Steel Tariffs: Implementation, Consequences, and Next Steps
- Why Top Consulting Firms Are Choosing This Location
- “Maker-Tech” Crosses Lines of Industrial, Office & Retail Uses
- Front Line: Construction Industry Faces a Labor Shortage
- Will the Tax Credit & Jobs Act Increase Inbound FDI?
SPECIAL PRESENTATIONS
-
32nd Annual Corporate Survey & the 14th Annual Consultants Survey
-
West Coast "Tech" Cities Top List, Smaller MSA's Show Workforce Chops
-
2017 Gold & Silver Shovel Awards Recognize States Compiling Healthy Rosters of New and Expanded Facilities
-
2017 Top States for Doing Business: Georgia Ranks #1 Fourth Year in a Row
