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.”
Project Announcements
India-Based Welspun Tubular Expands Little Rock, Arkansas, Operations
11/18/2024
SOLARCYCLE Expands Cedartown, Georgia, Production Operations
11/16/2024
HarbisonWalker International Expands Fulton, Missouri, Manufacturing Operations
11/16/2024
AAC East Expands Bennettsville, South Carolina, Manufacturing Operations
11/16/2024
Koops Automation Systems Expands Greenville, South Carolina, Manufacturing Operations
11/16/2024
Luxembourg-Based Faymonville Group Plans Little Rock, Arkansas, Manufacturing Operations
11/15/2024
Most Read
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024
-
The Role of Rail in Industrial Development
Q4 2024
-
Hydrogen Industry in Canada: A Global Leader in the Clean Energy Revolution
Q3 2024
-
Exploring the Dynamic Landscape of Industrial Packaging Solutions
Q3 2024
-
Which AI Tools Work for Job Recruiters?
Q3 2024
-
Cold Storage: The Next Big Thing in Industrial Real Estate
Q3 2024
-
Permitted Power Capacity Foreshadows Health of Regional Economies
Q3 2024