A great example that manufacturing is alive and well is 3-time SBA borrower Margaret Wong. Ms. Wong is the president of McWong International Inc., a California corporation that has grown to become a leader in the design and manufacturing of high quality lighting control equipment and related electrical components. McWong has operations on both sides of the Pacific and take great pride in the fact that the majority of their growth comes from organic nurturing of business with long-term, world-class customers. Reliable, competitive products paired with committed customer service year in and year out have enabled sustained growth over more than two decades.
On September 11th, 2012, Karen Mills, the current SBA Administrator and her team visited McWong International. Also present at the site visit was CDC Small Business Finance’s Chief Operating Officer, Michael Owen. The site visit to McWong International was focused on McWong’s initiatives to bring back manufacturing from overseas to the US and opening additional sales channels for California business to China; under the Obama administration it is called “insourcing”. “The timing is perfect for us,” said Wong. “China’s costs are rising, U.S. costs are lowering.” [source]
Ms. Wong continues to be active in the local Sacramento Community and has served as past President of the Jinan Sacramento Sister City Corp, President of the US-China Trade and Business Coalition, Board member of the California Chamber of Commerce International Committee as well as involvement with various other community organizations. She was named as an Honorable Advisor for the China Association for Environmental Education, The city of Jinan and the US-China Environmental Protection Task Forced committee. She has won numerous awards locally including SBA Sacramento District and Region 2011 SBA Exporter of the Year, Inc. Magazine Entrepreneur of the Year and Sacramento Business Journal’s Business Woman of the Year. She has played key roles in the organization of a number of trade programs and has accompanied State and City Officials to China, Canada and India on various trade missions.
Thanks to Michael Owen for corresponding this week’s CDC blog post. For the full article of the McWong site visit in the Sacramento Bee please click here.