Winton Machine Receives $5,000 Grant to Grow Exports
CONTACT: Lisa Winton | Winton Machine Company | 770-831-1917 | firstname.lastname@example.org
ATLANTA – June 28, 2017 Winton Machine Company (www.wintonmachine.com) is a recipient of a $5,000 grant and a semi-finalist in the annual Atlanta Metro Export Challenge (Atlanta MEC), a grant competition supported by JPMorgan Chase, UPS and Partnership Gwinnett, which boosts support for small and medium-sized businesses looking to begin exporting or to increase their export programs.
Twenty-eight companies from metro Atlanta were selected as semi-finalists and will each receive a reimbursement grant of up to $5,000 to apply toward expenses related to building export capacity and activities.
“Participating in the Atlanta Metro Export Challenge has been exciting and we are honored to receive the $5,000 grant and be one of 28 semi-finalists for the 2018 competition. We feel fortunate to be in Georgia where there is a strong manufacturing support system,” says Lisa Winton, CFO of Winton Machine Company.
Director of International Sales and Marketing, Rajab Aghasharif, adds, “We’re focused on securing more international representation to increase awareness of Winton Machine in countries and regions where the growth of technology requires coax assemblies. Winton is proud to have international clients and international representatives in Russia, Canada, Mexico, Colombia, China, Israel, Saudi Arabia, Dubai, Egypt, Turkey, Poland and Spain.”
Winton’s full line of semi-rigid coaxial fabrication machines supports quality coax assemblies for global manufacturers. Coax cable is a common means to transport high frequency signals in microwave communication systems. Coax cable can be found in commercial and military applications all over the world.
Winton Machine will have a chance to win additional prize money early next year. Each semi-finalist must utilize the grant funds during the second half of 2017 and show export success to be invited back for the second round of competition at Pitch Day – a Shark Tank-style pitch session before a panel of judges. At Pitch Day, companies will present their exportable product or service, their export success with the initial grant, and a business plan detailing how they will use additional grant funds to increase exports. The top three companies will receive $20,000 (first place), $10,000 (second place), and $5,000 (third place).
The Atlanta MEC will distribute a total of $200,000 over the course of the competition. This competition is one of the key components of the Atlanta Metro Export Plan (MEP), an initiative launched in June 2015 to stimulate economic growth in the region and create quality jobs through exports. The grants competition aims to encourage area companies to export and drive business growth by increasing international sales of local products and services.
The program was created through a grant from JPMorgan Chase as part of the firm’s ongoing work to promote global competitiveness in metros around the country. This year they are joined by UPS, contributing an additional $25,000, and Partnership Gwinnett, contributing $5,000.
“Companies with global perspectives are more likely to create new jobs and tend to be more resilient and innovative as they respond to global market demand,” said David Balos, head of Chase Middle Market Banking. “We applaud the latest round of winners and believe these export efforts will lead to more job creation and growth for our local economy in Metro Atlanta.”
“We congratulate the first round winners for their innovation and focus on global growth. UPS is honored to be a part of this collaborative effort to encourage metro Atlanta companies to explore and pursue export opportunities,” said Bill Seward, U.S. International President at UPS. “Being an integral part of the Atlanta Metro Export Challenge aligns with UPS’s commitment to expand our customers’ horizons and connect a global community through intelligent logistics networks.”
The Atlanta MEP is being implemented by multiple organizations, including the Metro Atlanta Chamber, the Georgia Department of Economic Development, the City of Atlanta and Partnership Gwinnett working in partnership with several other regional and local economic development agencies, public and private organizations.
The MEP is the first phase of Atlanta’s participation in the Global Cities Initiative (“GCI”), a joint project of the Brookings Institution and JPMorgan Chase that aims to help leaders in U.S. metropolitan areas reorient their economies toward greater engagement in world markets.
About Winton Machine Company
Atlanta-headquartered Winton Machine Company designs and builds tube and semi-rigid coax manufacturing machines that deliver intelligent performance to meet production demands efficiently with the highest safety standards. Winton Machine works with clients to create custom engineered solutions under the leadership of George Winton, PE designing industrial machinery to meet the most challenging requirements. Since 1997, Winton Machine has produced tube fabricating solutions and manufactured over 100 different tube fabricating machines which serve the needs of over 500 customers in the United States and in countries across Europe, South America and Asia. Winton machines have been utilized by major domestic and multinational companies primarily in industries such as HVAC/refrigeration, electronics, aerospace and military. Winton Machine proudly partners with agents in Russia, Canada, Mexico, Colombia, Israel, Saudi Arabia, Dubai, China, Egypt, Poland, and Spain. More information available at www.wintonmachine.com.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade, and deploying advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the web at ups.com and its corporate blog can be found at longitudes.ups.com. To get UPS news direct, visit pressroom.ups.com/RSS or follow @UPS_News.