WARREN, Ohio – Buckeye Precision Threads Inc. has received a $25,000 JobsOhio Small Business Grant to support facility upgrades at its new location in Warren.
The funding will help the company, which specializes in thread grinding for the advanced manufacturing sector, expand its production capacity and improve its ability to serve markets requiring high-precision components such as lead screws, molds, taps and worms.
Formerly known as Jewelers Machinists Company and based in Long Island, New York, the company recently relocated to Ohio, rebranding as Buckeye Precision Threads and establishing operations in the Mahoning Valley. The move was aimed at leveraging the region’s advanced manufacturing workforce and favorable business climate.
The JobsOhio Small Business Grant supports operational improvements, fixed-asset investments and workforce growth for businesses in eligible communities or those owned by underrepresented populations.
Lake to River, the regional JobsOhio network partner serving Ashtabula, Trumbull, Mahoning and Columbiana counties, assisted the company through the application process. David Wilaj, director of project management at Lake to River, worked directly with Buckeye Precision Threads as its local advocate.
“Helping small businesses grow through access to critical funding is one of our top priorities,” Wilaj said. “This grant helps Buckeye Precision Threads make important upgrades that will support their operations and long-term success in Warren. Lake to River is the only regional organization with direct access to JobsOhio resources, and we’re here to help other small businesses tap into these opportunities as well.”