The Minnesota Department of Employment and Economic Development (DEED) announced in the beginning of July, Clyde Machines, Inc. is expanding its production in the state. Clyde Machines designs and makes aircraft ground support equipment, and is increasing its facility with a 35,000-square-foot addition.
Clyde Machines was founded in in Glenwood, Minnesota, in 1961. It originally manufactured hydraulic motors for equipment used by utility companies, and eventually expanded into its current aircraft ground support products.
DEED has approved a $200,000 low-interest loan through the Minnesota Investment Fund to assist the company in its expansion. The purpose of the fund is to encourage job growth and retention in Minnesota. Clyde Machines will use the loan to pay for construction 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 Gov. Mark Dayton.
The company's growing operations will need 15 new workers, according to the statement.
Businesses expanding their operations should partner with manufacturing recruiters in order to find the most qualified job seekers for their open positions.