State Funds Set For Area Trade Center

October 21, 2005

World Trade Center Buffalo Niagara is set to receive $50,000 in state legislative funding, Assemblyman Robin Schimminger and Senator Mary Lou Rath announced today.

The grant from the State Senate and State Assembly will be used to provide essential trade development services for small businesses in the Buffalo Niagara region. The state lawmakers announced the funding at SFC-Adams, Inc., a Town of Tonawanda manufacturer of heat exchanger and water filtration products and automatic water strainers.

“I certainly applaud World Trade Center Buffalo Niagara’s mission of growing the economy, businesses and jobs in our region by bringing in investment dollars and exporting locally made products and locally generated services,” said Assemblyman Schimminger, who chairs the Assembly Committee on Economic Development, Job Creation, Commerce and Industry. “WTCBN provides local companies with a central source of up-to-date information on security and border issues, global markets and export opportunities – vital pieces of what can be a complex and intimidating process for smaller businesses, which often lack in-house expertise in these areas. I’m pleased that my colleagues in the Western New York Assembly Majority Delegation and I were able to partner with Senator Rath in providing this funding.”

“World Trade Center Buffalo Niagara helps provide local businesses with the tools they need to find a global market for their products and services,” said Senator Rath. “Being able to successfully export not only strengthens a company’s bottom line, but it strengthens the entire Western New York economy. Businesses in the Buffalo-Niagara region must be competitive in a global market and WTCBN makes that happen. I thank Assemblyman Schimminger for his partnership in this effort.”

“Supporting the export development process with Buffalo Niagara’s small to medium-sized companies resulting in real business development opportunities around the world is perhaps the most important and fundamental aspect of what we do at the World Trade Center Buffalo Niagara. This critical state investment will be used exponentially by WTCBN to increase positive global trade. Not only will the companies who will be using the services benefit, but the region as a whole benefits from the spin-off effect this will have for retaining jobs in Buffalo Niagara,” said Holly A. Sinnott, WTCBN President & CEO.

“We employ 50 persons in our facility in the Town of Tonawanda, and during 2004 international shipments totaled $800,000 or 15% of our total sales. We’ve benefited from the services of World Trade Center Buffalo Niagara and we think it’s an important program for the region,” Richard B. Adams, General Manager of SFC-Adams, Inc. stated. SFC-Adams, Inc., doing business as R.P. Adams, is a wholly owned subsidiary of Service Filtration Corporation (DBA SERFILCO, Ltd.) of Chicago, Illinois.

World Trade Center Buffalo Niagara is an international business development organization committed to helping Western New York companies reach their export potential by providing consulting services, education and training, and worldwide membership affiliation. WTCBN is one of nearly 300 certified World Trade Centers in 100 countries.