New York State’s small businesses play a crucial role in the state’s economy, accounting for around 98% of the business sector. These small businesses are located in various regions across the state, including HUBZones, federal SBA programs aimed at driving economic development. These HUBZones, typically found in rural or low-income areas, provide opportunities for businesses to grow and contribute to the local economy.
One such business is Chautauqua Precision Machining, a long-time manufacturer based in Ashville, Chautauqua County. The company is dedicated to providing high-quality products tailored to their clients’ specifications. By specializing in making tight tolerance, small diameter cylindrical parts, Chautauqua Precision Machining prides itself on its precise production process.
The U.S. Small Business Administration (SBA) supports small businesses across New York State through programs like HUBZone certification. This program recognizes existing small businesses for their contributions to the economy and fosters their growth by awarding a percentage of federal contracts to HUBZone-certified firms. In order to be certified, companies must have at least 35% of their workforce residing in the HUBZone area, further contributing to the local community.
President Jeff Christie of Chautauqua Precision Machining emphasizes the importance of meeting customer demands by manufacturing products that seamlessly integrate into their clients’ projects. By working closely with customers and utilizing provided drawings, the company ensures a high level of precision in its production process.
Victoria Reynolds, District Director at the SBA highlights the critical role small businesses play in New York State’s economy and encourages others to consider applying for HUBZone certification. Resources such as Small Business Development Centers can provide essential support for businesses seeking to expand and win federal contracts like Chautauqua Precision Machining has benefited from this certification.
Jeff Christie is grateful for the benefits that come with being HUBZone certified and encourages other small businesses to apply for this program as it offers a competitive advantage and an opportunity for more business opportunities.
In conclusion, Chautauqua Precision Machining serves as an excellent example of how small businesses can benefit from being located within a Historically Underutilized Business Zone (HUBZone). As these zones continue to grow and develop economically across New York State
