Stroud, Oklahoma based company utilized grant money to position themselves to come out of the pandemic crisis strong.
Oklahoma’s Department of Commerce (ODOC) reached out to Mint Turbines, a 30 year old company who specializes in engine MRO services and engine repair/maintenance, to inform them that due to their industry sector, they can qualify for a grant from the Manufacturing Reboot Program that Governor Kevin Stitt rolled out. Under the Reboot Program, companies apply for a grant that is intended to assist in either retooling to develop products to help combat COVID-19 or to allow the company to expand current capabilities.
Located halfway between Tulsa and Oklahoma City, Mint Turbines is facilitated in Stroud where they operate as an turbine engine maintenance, repair and overhaul facility. “The state is very proactive in helping business grow here in Oklahoma,” said Chris Van Denhende, CFO of Mint Turbines. Van Denhende always stated that within 10 short days of applying for the grant, they were notified of acceptance.
As an awardee of the grant money, the company received $150,000. Additionally, a coordinate-measuring machine, typically known as CMM equipment, was sought after. CMM machine, typically weighing in at an astonishing 20,000 pounds, uses smart technologies to decrease measurement cycle time. A single CMM cost around $250,000 and with $100,000 of the Reboot funds going to this important purchase – $50,000 is left to be assigned to employee growth. With 45 current employees, Mint Turbine expects to see their employment double within the next three years. With labor intensive hands-on roles needing to be fulfilled, a pipeline of highly skilled individuals are sought after. The CMM machinery will also allow Mint Turbine to bid for work.
Furthermore, the funds allow Mint Turbines to expand on their product offerings while simultaneously boosting the quality of life in their city by filling numerous positions at the manufacturing facility.