In a Small Business Week ceremony at the Capitol today, U.S Senate Small Business & Entrepreneurship Committee Chairwoman Maria Cantwell (D-WA) congratulated "Small Business Person of the Year" award winners from across the United States, including a precision-machine parts manufacturer from Granite Falls, Washington.
Cobalt Enterprises, Inc., the largest employer in Granite Falls, was honored for its success and involvement in the community. In recent years, Cobalt has utilized Small Business Administration (SBA) financing assistance to build a new facility, and has used SBA export financing to reach new international markets. Cobalt, which employs 70 people, has established a youth mentoring program with Granite Falls School District.
"Small businesses are the backbone of our economy, creating two out of every three new jobs in America." Cantwell said. "I would like to congratulate all the winners of Small Business Person of the Year awards. These entrepreneurs are setting a great example of innovation, job creation and strengthening communities across the United States."
"I am particularly proud of Fred Schule and Paul Clark of Cobalt Enterprises, Inc. in Granite Falls for being named the SBA's Small Business Persons of the Year from Washington State," Cantwell continued.
"With the help of SBA loans and export programs, Fred and Paul were able to expand sales to new international markets and grow Cobalt into a business with 70 employees. We are very proud of their Pacific Northwest success story."