Tuesday June 20, 2006

Fulton Tool receives 'Business Excellence Award'

Longtime business rebounds from horrific fire

    The U.S. Small Business Administration recently recognized Fulton Tool Company with a "Business Excellence Award" at the eighth annual Small Business Excellence Awards luncheon and ceremony in Syracuse.

    Fulton Tool Company, established in 1959, was nominated for the award by Operation Oswego County. The company, owned by Bruce Phelps and Peter Russell, is a provider of machined parts and precision machining services.

    In 2003, Fulton Tool Company's 47-year legacy was reduced to rubble by a fire that tore through the facility and several shops and businesses in the Schuyler Street Commons plaza on Fulton's west side. The company considered several reconstruction options both within the city of Fulton and outside and was presented with an incentive package developed by OOC, the Fulton Community Development Agency, the County of Oswego Industrial Development Agency, the city of Fulton and the SBA.

    Phelps and Russell purchased the 35,000 square-foot former Oswego Wire building on state Route 3 in Fulton in 2003. Since then, they have also renovated and expanded Schuyler Street Commons and lease a 4,000 square-foot section of the Fulton Tool building that was not damaged by the fire.

    Fulton Tool Company employs 22 people and utilizes about 17,000 square feet of its building. The company plans to lease 3,200 square feet of the remainder of the building to D. Arnold Overhead Door Company.

    "These businesses may not be big in size, but their contributions to our economy are gigantic," said Bernard Paprocki, Syracuse SBA district director. "You rely on them for the products you use and the services you need. Their names are on Little League uniforms and their sponsor banners fly high over community events. The businesses we honor are part of the 25 million businesses across the nation that by their success contribute daily to our prosperity."

    "Bruce and Pete's dedication to their trade and to their community truly represents the spirit of Oswego County's small business owners. We are grateful that Fulton Tool Company will remain one of Fulton's most notable manufacturers and were proud to nominate the company for the SBA's 'Business Excellence Award,'" said L. Michael Treadwell, CEcD, executive director of OOC.

Oswego County Business Magazine
Issue 161

Issue 161
April/May 2019

Cover Story


Kristin Bullard

On The Job

What Do You Do to Retain Your Best Employees?

Success Stories

Lindsey Aggregates

My Turn

Newspaper: An Industry in Crisis


News Briefs on Local Businesses & Business People

Economic Trends

Programs that Facilitate Region’s Business Development and Growth

Last Page

Kateri Spinella