M-D Building Products manufactures weatherization products to make homes and businesses across the country more energy efficient.
Homeowners can receive a 30 percent tax credit for the cost of energy efficient improvements made with weatherization products, which is giving this local business a big boost.
Because of the increase in business from stimulus money, the weatherization product business has not had to lay off any employees.
By Amy Lester, Oklahoma Impact Team
OKLAHOMA CITY -- An Oklahoma company's sales are up, thanks to federal stimulus dollars. M-D Building Products manufactures weatherization products to make homes and businesses across the country more energy efficient. So far, business has increased 15 percent or $3 million over last year.
"We're blessed to be in Oklahoma and we're blessed to be in this business," said Larry Sanford, Executive Vice President of M-D Building Products.
Sanford believes tax credits, extended by the stimulus package, are the reason for the boost in business. Homeowners can receive a 30 percent tax credit for the cost of energy efficient improvements made with weatherization products. The maximum credit is $1,500. M-D's benefiting from that since it sells weatherization products in retail stores all over the country.
"We're a seasonal business, at least on the weather strip side we are and that season lasted a lot longer then it has typically and it's actually been larger," said Plant Manager Derek Turner.
The company expects business to grow even more. The federal government's pumping $5 billion stimulus dollars into weatherization programs across the country. Community Action Agencies have just started weatherizing homes and will continue work until March 31, 2012. Since M-D sells a lot of the products they use, the company anticipates additional increases in sales.
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