Clyde Machines Inc., a company that designs and manufactures aircraft ground support equipment, is expanding its production center in Glenwood, Minnesota
, with a 35,000-square-foot building addition.
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.”