A small business can still make a big impact. In addition to providing jobs and supporting their local communities, small businesses offer big advantages by being local alternatives that strengthen supply chains.
That's why the U.S. Department of Energy's Office of Small and Disadvantaged Business Utilization has annual awards recognizing agency officials' outreach to small companies, the organizations that work with those firms and the firms themselves.
For 2023, injection molder Seaway Plastics Engineering was named the Small Business of the Year by the DOE program.
"SPE stands out with [its] innovative solutions for improving on-time delivery … and [its] improvement of processes and service in support of DOE's mission," the energy agency said in a news release.
Port Ritchey, Fla.-based Seaway supplies the medical industry. In 2022, it was acquired by Intermediate Capital Group plc with a focus on growth through both internal improvements and acquisitions.