Vice President Biden to Discuss the Importance of the American Jobs Act for Small Businesses in Solon, Ohio
Washington, DC- Tomorrow, September 20, 2011 at 11:00 AM EDT, Vice President Biden and Small Business Administration (SBA) Administrator Karen Mills will visit Wrap-Tite, Inc in Solon, Ohio, where they will discuss the importance of the American Jobs Act for small businesses in Ohio and nationwide. They will also announce a new lending commitment. The Vice President will discuss the urgent need for Congress to pass the American Jobs Act now in order to help small businesses across the country grow and put more Americans back to work. Wrap Tite is a manufacturer and distributor of stretch wrap and other packaging and shipping products. The firm recently received an SBA loan to assist in the purchase of a $1.5 million, 87,000 square-foot facility in Solon, Ohio. The new facility has allowed Wrap Tite to continue its growth, leading to 5 new hires and $250,000 in equipment purchases over the last year.