Grove, OK (2023)

Malone’s CNC Machining, Inc.

Investment

  • NMTC Amount: $3,000,002
  • Total Project Cost: $3,000,002

IMPACT

  • 61 FTE jobs
  • 12 jobs created and 49 jobs retained.

Project Description

Malone’s CNC Machining, Inc. (“Malone’s”) is a manufacturer of replacement parts and assemblies for U.S. military aircraft. Malone’s specializes in B-52, KC-135 and EC-3 spare parts and provides a wide range of assembly operations, including shrink fitting, bonding, welding, and brazing, as well as sheet metal spares and other machining services. This project funded the purchase of new equipment, refinanced an existing investor note, and provided working capital. Malone’s is a sponsor of a local non-profit organization, Grand Lake Area Robotics Education, which provides support to the local high school’s robotics competition team that promotes S.T.E.A.M. education.

MAP

Address: 2015 East Industrial Road 5, Grove, OK 74344

Census Tract: 40041375702

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