Isaiah Industries wins SBA 'Spark Award', a recognition honoring businesses that have "sparked" an extraordinary amount of economic growth and development year after year with no signs of slowing down.
PIQUA, Ohio - May 10, 2019 - illiNews -- U.S. Congressman Warren Davidson (R-OH 8) presented Isaiah Industries, the leading manufacturer of environmentally-friendly residential metal roofing systems, with the first-ever 'Spark Award' by the U.S. Small Business Administration (SBA), a much- anticipated and newly created recognition honoring the accomplishments of SBA-funded small businesses that create economic growth and development.
The Piqua, Ohio-based company co-owners Todd Miller and Kelly Joseph, former college roommates, secured three rounds of SBA funding since starting the company in 1980. "We wouldn't be here today without the SBA," says Joseph. "We were able to parlay that financing into a business which has generated total sales exceeding half a billion dollars and still growing. As college students hanging out in the cornfields of Ohio, we thought we'd be running hot dog stands when we dreamed of being in business one day."
More on illi News
"Since our business has unique capital needs in terms of high inventory and costly manufacturing equipment," says Miller, "traditional banks don't fully appreciate our kind of collateral, which is why SBA has always saved the day." In addition to the SBA, Miller credits this tremendous team, 25 percent of whom have been with the company for over 20 years, as well as his faith, for the success of the business.
Through strategic partnerships with dealers worldwide, the 55-person company ships and produces custom-metal roofing systems to clients across North America, as well as to Japan and the Caribbean. The 185,000 square foot company campus has multiple buildings that can produce nearly 500,000 square feet of roofing daily.
"Isaiah Industries is such a great employer because they produce a product line that's grown exponentially around the globe, while maintaining production and increasing jobs right here in Ohio, said Congressman Davidson. He also reflected on his own career and how he went from the U.S. Army to building a career in business, later starting his own business with the help of an SBA loan.
More on illi News
Other local officials in attendance included Miami County Commissioner Jack Evans; Piqua Mayor Kazy Hinds; Piqua Community and Economic Development Director Chris Schmeising; and Piqua Area Chamber of Commerce President Kathy Sherman.
About the U.S. Small Business Administration: As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. To learn more, visit www.sba.gov.
The Piqua, Ohio-based company co-owners Todd Miller and Kelly Joseph, former college roommates, secured three rounds of SBA funding since starting the company in 1980. "We wouldn't be here today without the SBA," says Joseph. "We were able to parlay that financing into a business which has generated total sales exceeding half a billion dollars and still growing. As college students hanging out in the cornfields of Ohio, we thought we'd be running hot dog stands when we dreamed of being in business one day."
More on illi News
- MiaSolé Achieves Flexible Substrate Thin-Film Solar Cell Efficiency of 20.56 Percent
- REAL Trends + Tom Ferry Announce 2019 America's Best Real Estate Agents List Seventh Annual Real Estate Ranking
- Doug Baruchin of Island Trauma Services, Inc. Earns Accredited ACAC Certification
- Soreide Law Group files a FINRA Arbitration for Florida Investors in GBP Automotive Portfolio, GPB Waste Management, GPB Holdings II & III
- Chicago: Mayor Lightfoot, City Officials Provide Resources, Tips to Beat Extreme Heat and Urge Residents to Take Extra Precaution
"Since our business has unique capital needs in terms of high inventory and costly manufacturing equipment," says Miller, "traditional banks don't fully appreciate our kind of collateral, which is why SBA has always saved the day." In addition to the SBA, Miller credits this tremendous team, 25 percent of whom have been with the company for over 20 years, as well as his faith, for the success of the business.
Through strategic partnerships with dealers worldwide, the 55-person company ships and produces custom-metal roofing systems to clients across North America, as well as to Japan and the Caribbean. The 185,000 square foot company campus has multiple buildings that can produce nearly 500,000 square feet of roofing daily.
"Isaiah Industries is such a great employer because they produce a product line that's grown exponentially around the globe, while maintaining production and increasing jobs right here in Ohio, said Congressman Davidson. He also reflected on his own career and how he went from the U.S. Army to building a career in business, later starting his own business with the help of an SBA loan.
More on illi News
- First New Renality Facility Open in Newnan, GA – "City of Homes"
- Stronghold Cyber Security Publishes White Paper on NIST 800-171B for Defense Contractors
- New - Very Easy Photo Editing Software For Everybody
- Siemens Healthineers Named Recipient of 2019 Cultural Vistas Corporate Leadership Award
- Naperville Man Charged With 5 Counts of Criminal Damage to Property
Other local officials in attendance included Miami County Commissioner Jack Evans; Piqua Mayor Kazy Hinds; Piqua Community and Economic Development Director Chris Schmeising; and Piqua Area Chamber of Commerce President Kathy Sherman.
About the U.S. Small Business Administration: As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. To learn more, visit www.sba.gov.
Source: Lynn Aronberg Public Relations
Filed Under: Business, Government
0 Comments
Latest on illi News
- Chicago: Statement from Mayor Lightfoot on the Rescue of the Alligator in the Humboldt Park Lagoon
- CSW Solutions is now a Microsoft Gold Certified Partner
- Hello Sustainable Hair: New Mom Gretchen Rossi Partners with OMORFIE
- Mayor Lightfoot, Chicago Police Superintendent Johnson Welcome New Recruits to The Academy
- The Global Glow: The founder behind beauty powerhouse MineTan is taking over the self tan industry
- National Testing Network Recognized by Governing Magazine
- ARi President/CEO, Ravi Gudapati, Accepted into Forbes Technology Council
- Talking Rocks Venue Announces Its Own Multi-Day, Multi-Cultural, Music, Food, & Gemstone Showcase
- Residential Home Funding Corp. Plans to Add 100 Loan Officers by End of 2019
- Steadfast Engineers Design Game Changing Enterprise-Level Cloud Services for SME Businesses
- Leo Bottary Announces the Launch of Peernovation
- IRS Commissioner to Address National Tax Pro Group
- New Book on Rockford Area Musicians Set for 815 Day Release
- Spooky Ventures to Celebrate 815 (Rockford) Day
- Share Internet Data Ltd (SID) Expands its Mobile Network to include the Unbanked with its LDJ Digital app
- Social Justice Activist and Veteran Radio Host Mark Thompson Launches New Daily Show and Podcast with DNR Studios and DCP Entertainment
- Agent Addition: Las Cruces Moving & Storage
- Fawcett Boat Supplies Acquires Annapolis Inflatables
- Trump's Kidney Care Executive Order Validates New Renality Approach to Chronic Kidney Disease
- Falco eMotors Achieves UL, CSA and CE Certification for the Full Line of Epoch Industrial and Commercial HVLS Fans