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QT Equipment Company Doubles Capacity and Creates Jobs
Akron (Summit County)
Dan Root, the president of QT Equipment is working to grow the company and began the process of putting on an addition to its Akron building that would double capacity and create a safer environment for employees. The Summit County company, which builds custom trucks for the construction industry, had not heard of OAQDA until their equipment supplier put them in touch with the agency and encouraged them to apply.
“With the pandemic happening, we thought we were going to have to delay the addition. Thanks to the financing we received from OAQDA, we were able to move forward,” said Root. “It was so helpful.”
The company is committed to doing things the right way and wanted to ensure a healthy working environment for the team. The Authority issued its air quality revenue bonds for the project by QT Equipment, which closed for $337,400, and also awarded an additional $20,000 grant. The project, which included the installation of two down draft spray paint booths, is expected to create 15-20 additional skilled labor jobs. In addition, the air quality control technology for the paint booths reduces air emissions, supporting better employee health.
Root admits the company was hesitant at first about seeking support from OAQDA, but the knowledgeable and helpful staff quickly put their fears to rest.
“I was impressed with how efficiently it all came together,” said Root. “We had feared that the process would be all red tape and not worth the hassle. We were pleasantly surprised.”
The knowledgeable OAQDA team helps small businesses like QT Equipment navigate the complexities of environmental regulations as they implement air quality improvement projects. The application and approval process works in coordination with the preferred lending institution that serves as the bondholder in the transaction. The whole process can take as little as 30-60 days.