FOR IMMEDIATE RELEASE
Tedco, Inc., a Cranston-based manufacturing company supplying precision formed stampings from progressive die and Fourslides, has been awarded the Business Affected by Foreign Trade grant by the New England Trade Adjustment Assistance Center (NETAAC), in partnership with the Economic Development Administration (EDA).
The grant will provide funding to Tedco that will increase productivity throughout various departments, including Production, Sales and Marketing, and Administration. Increased productivity in these areas will then allow Tedco to compete more efficiently on a global scale while continuing their Rhode Island-based growth.
Dona Vincent, President of Tedco, said, “We’re pleased and honored to receive this grant from NETAAC. By providing us with this funding NETAAC has afforded Tedco the opportunity to scale our administrative and productive operations to become more efficient. We’ll be able to take an in-depth look at the current processes at work in our organization and invest in improving them long-term to contribute to continued growth.”
The New England Trade Adjustment Assistance Center (NETAAC) was formed to aid New England manufacturing companies that have been negatively impacted by import trade. Qualifying businesses receive financial assistance through a cost-sharing model that helps to fund business-building consulting projects. These projects can include marketing and positioning strategies, e-commerce, lean manufacturing implementation, and ISO compliance and registration initiatives.
Founded in 1980, TEDCO, Inc. has built a leadership position in the high tolerance metal stamping and wire forming industries. This family organization works as a design partner to support diverse markets through operational excellence and by exceeding customer expectations. Based in Cranston, RI, the company’s QMS is ISO 9001 Certified and TS 16949 Compliant.
For Additional Information Contact:
Debra T. Morais, President, Communication Works, Inc.
401.934.0708; Cell: 401.286.6666; firstname.lastname@example.org
Dona Vincent, President/CFO, Tedco, Inc.