Oklahoma Department of Commerce Making Grants Available to Help Manufacturers During Pandemic
The Oklahoma Department of Commerce has made $5 million available for grants to help manufacturers affected by the COVID-19 pandemic retool their operations.
"We are repurposing closing funds that we typically use to attract businesses into the state, but we instead want to use those dollars to help existing businesses," said Oklahoma Secretary of Commerce Sean Kouplen.
Grants of $25,000 to $150,000 are available through the Manufacturing Reboot Program to help companies develop new products or expand their current capabilities.
"Medical service providers will be prioritized, but any manufacturer can enjoy this new program," Kouplen said.
Funds can pay for buying new equipment, training employees or payroll.
Companies that apply don’t have to create new jobs with the grants, but if they do, jobs must pay above their county’s average wage. How quickly a company can start a new project with the grant funds will be considered.