The following is a news release from the state of Oklahoma:
Lawmakers Announce Grant Award for City of Durant
Sen. Jay Paul Gumm and Rep. John Carey on Tuesday announced the city of Durant will be receiving a Community Development Block Grant/loan for Economic Development Infrastructure Financing in the amount of $499,956.
Gumm said the grant, to be used for railway improvements to support Eagle Suspensions, Inc., will have a significant impact on the Durant area economy.
“Support for industry throughout the state is important for all Oklahomans, and I’m pleased that this grant will allow Eagle Suspensions, Inc., to expand their operations,” said Gumm, D-Durant. “This grant will allow the company to bring 181 new jobs to their Durant facility over the course of the next 36 months.”
Gumm served as Executive Director of the Durant Area Chamber of Commerce from 1998 until his election to the State Senate in 2002. Following the announcement, Gumm and Carey were praised by Tommy Kramer, Director of the Durant Economic Development Department for their continued efforts to strengthen the local economy.
“Senator Gumm has devoted much of his professional life to bettering this community, strengthening our economy and creating jobs,” Kramer said. “This announcement is a testament to the effectiveness of the efforts of Senator Gumm and Representative Carey, and the value of a state and local partnership that has achieved tangible results for our area’s economy.”
Eagle Suspensions, Inc. specializes in the development of steel bars used in the manufacturing of leaf springs for trucks. The company’s products are used on large road trucks and even classic cars. Additionally, the company provides the United States military with truck and trailer springs engineered to their specific needs.
In order for the company to increase manufacturing output and reduce costs related to shipping, the business is being relocated to Durant, 90 miles from their sister company, Dallas Spring.
“Not only is this announcement great news for Durant and the state as a whole, but it’s another success story for the Oklahoma Department of Commerce’s Community Development Block Grant program,” said Gumm. “Attracting industry to Oklahoma is critical as we move forward and programs such as this can provide assistance in diversifying our economy and creating good jobs.”