Wood’s Powr-Grip is one of 68 Legacy Businesses that got their start with help from the U.S. Small Business Administration.

The U.S. Small Business Administration (SBA) named Wood’s Powr-Grip an SBA Legacy Business. The nationwide recognition is part of SBA’s 70th anniversary celebration. The recognition celebrates Legacy Businesses that have grown from small startups into some of the most recognizable brands in the U.S.

Big Sky Economic Development officials say Wood’s is one of 68 Legacy Businesses that got their start with help from the SBA.

“Wood’s Powr-Grip is one of those businesses in Montana who has made their mark nationally and on the international stage as well,” says Montana district director Brent Donnelly.

Laurel, Mont.-based Wood’s opened in 1947 as a small repair shop. It is now a third-generation family-owned business that designs, manufactures and distributes hand-held vacuum cups, below-the-hook vacuum lifters and vacuum mounting cups for materials handling and mounting. The company employs 140 people in its 72,500-square-foot facility in Laurel.

The SBA’s Legacy Businesses recognize past or current small businesses that benefitted from SBA resources in their early stages. Wood’s Powr-Grip used SBA’s Payment Protection Program to maintain employment during the pandemic and the State Trade Expansion Program for export grants.

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