Tin Barn Consulting LLC dba OKWERX

PROJECT PURPOSE

There has never been a more vital need to address gaps in rural Oklahoma to grow existing products and companies into business leading performers. There is an extensive community of problem solvers and innovators in rural machine and welding shops, small manufacturing, and service businesses that are impactful, ingenious, and quite frankly unknown. The ability to economically foster these companies will grow a company, employment, a rural economy, and the State of Oklahoma. OKWERX?s team can prepare companies to compete and advocate for their technology and provide success for Oklahoma. With successful experience working with hundreds of rural Oklahoma businesses, coupled with a background in rural business technology commercialization, OKWERX has the proven ability to take a rural business and elevate it to compete on a national level. The proposed program can fast track companies to a level of maturity to diversify and commercialize. The purpose is to provide services that allow rural companies to successfully navigate non-dilutive funding sources, provide small business owners a force multiplier, and open these businesses to a network of opportunity which diversifies their sales, supports Oklahoma defense industry initiatives, and strengthens our rural areas.

EVIDENCE

None

POPULATION DESCRIPTION

Rural businesses are the backbone of the communities and regional economies. The pandemic created cash flow crisis, employment crisis, uncertainty with supply chain, vendors, and customers for these rural businesses. Many suffered and struggled. They continue to seek ways to remain viable and diversify. OKWERX staff was able to help companies seek out new customers and new ways of doing business and focused on the rural entrepreneurs and the Southeastern portion of the state where we live.

PERFORMANCE MEASURING

Experienced in collection metrics, OKWERX is able to track performance goals. Metrics could include number of SBIR/STTR applications and awards, dollars of funding received (sales, loans, contracts, grants), OARS applications and awards, number of businesses supported, number of employees supported, number and dollars of contracts executed, number of government contracting certifications received, and capital investment. Data is a telling sign of performance but it does not always tell the story of the moments of impact to a business that can drive the success of a business and the desire to motivate a businessowner and entrepreneur.

ONGOING INVESTMENT AMOUNT

$

ONGOING INVESTMENT DESCRIPTION

None

ONGOING INVESTMENT REQUIRED

Able to continue operation without additional funding from the State of Oklahoma