Seven years ago, MTW Industries started operations in a small barn in Shepherd. Today the metal fabricating and manufacturing shop has grown its capabilities to a point where it can encourage companies to quit outsourcing and keep their business in the region. MTW most recently added a precision plasma cutting machine to its advanced manufacturing operation.
“With our expanded capacity we will be able to serve many sectors, including agriculture, manufacturing and oil and gas,” said Brent Fisher, managing partner of MTW Industries. “We know how to do the work and we know that we are good at it; however, we could not do it alone. We looked to Central Michigan University Research Corporation (CMURC) as they provided a wealth of information, and it was beneficial to have their financial and business assistance.”
MTW received more than $13,000 in business development assistance thanks to the Business Accelerator Fund (BAF) program, an initiative of the Michigan Economic Development Corp. facilitated by business accelerators like CMURC. The BAF assistance enabled MTW Industries to receive the training needed on the computer-controlled CNC plasma cutting machine which then led to a $500,000 USDA loan guarantee.
“We are looking forward to seeing the direct economic impact that MTW will provide to the region,” said CMURC President and CEO Erin O’Brien, “Having access to programs like the one utilized for MTW is critical in assisting businesses to move forward.”
Not only did MTW benefit financially, but it also benefited from local collaboration efforts that have supported the company’s work toward developing a line of agricultural products as well as a long list of future opportunities. MTW Industries was assisted by CMURC, the Michigan Small Business & Technology Development Center, Isabella Bank, the USDA, the City of Mount Pleasant and Middle Michigan Development Corp.