SBA honors Hudson Fasteners

YOUNGSTOWN

The U.S. Small Business Administration honored a third-generation nut-and-bolts company at the Youngstown Business Incubator today with its family-owned business of the year award.

The honor, which went to Hudson Fasteners, recognizes a family-owned and operated company that’s been passed down from one generation to another.

Hudson was selected for the honor among small businesses in 28 northern counties in Ohio, said Gil Goldberg, SBA’s Cleveland district director.

In business since 1946, Hudson Fasteners moved from Brooklyn, N.Y., to Youngstown and changed its business model.

The company had a large warehouse filled with screws, bolts, nuts and fasteners in Brooklyn. The company spent about $250,000 last year with most of that investment for software equipment. That allowed Hudson to serve as an online wholesaler without having any of its own inventory.

For the complete story, read Wednesday’s Vindicator and Vindy.com