Danny Monahan, photo
SWANTON – Monica Greene, the President and CEO of Vermont Precision Tools (VPT) in Swanton has been named Vermont Small Business Person of the Year.
Greene, it was announced today in a press release, was chosen by the U.S. Small Business Administration (SBA) because of VPT’s employment growth, financial success, company expansion and community involvement, the SBA said in a written statement.
“VPT is flattered to be recognized as the Vermont Small Business Person of the Year,” said Greene. “VPT prides itself on providing the highest quality products and the collective desire to see the company succeed is evident in every team member at every level.”
Headquartered in Swanton, VPT manufactures detailed specific tools, including rods and gages, used in the automotive, medical and aeronautic industries. VPT started in 1968 with a Small Business Administration loan in an old warehouse with a few employees. Today the company occupies a 90,000-square-foot facility and is one of the largest employers in the state.
“Here is a powerful woman-owned manufacturing company with more than 300 employees, the majority of which are located in the heart of pastoral Vermont. The best part is they are still growing. VPT is expanding its operations into the Northeast Kingdom. Monica is a great leader and her company is a great representation of the state,” said Darcy Carter, SBA Vermont District Office Director.
Greene and VPT are to be presented the award during the 2015 Vermont Small Business Awards Ceremony cohosted by Vermont Business Magazine from 4 to 7 p.m. June 11 at the Shelburne Museum Pizzagalli Center for Art and Education located in Shelburne.
The other 2015 Vermont winners are Gordon’s Window Decor as the Family-Owned Business of the Year, Auto Craftsmen, as the Woman-Owned Business of the Year, O.W.L. Food as the Young Entrepreneur of the Year, Artisan Web and Print of Vermont as the Micro-Enterprise of the Year and Green Mountain Avionics as the Veteran-Owned Business of the Year.
“With the exception of Green Mountain Avionics, each company receiving a small business award is operated by a woman. Woman-owned and operated businesses are a major contributor to Vermont’s economy,” said Carter.
VPT goes on to compete for the 2015 National Small Business Person of the Year. That winner will be announced during a ceremony in Washington, D.C., May 8.