Congressman Joe Courtney announced that the Stafford Springs-based Warren Corporation secured two grants worth $1,407,991 from the U.S. Department of Commerce under the Worsted Wool Fabric Grants Program. The program is designed to help U.S.-based manufacturers of worsted wool fabrics to compete with international manufacturers by offsetting the benefit provided to U.S. tailored suit manufacturers by reduced duties on imports of certain worsted wool fabrics.
"With cheap fabrics pouring in from overseas, it is critical that we support U.S. companies as they compete on a global stage," said Congressman Courtney. "This grant program supports 'Made-in-America' jobs, and provides incentives to companies like the Warren Corporation who do things the right way and continue to grow jobs at home, even as they compete against stiff competition and cheap labor abroad. Having visited Warren numerous times over the past six years, I have great admiration for the work the men and women there do, and I know the positive impact this funding will have."
"These grants are critical to our investment and workforce here in Stafford Springs," said Lisa Cornish, vice president of finance & administration at Warren Corporation. "The Warren Corporation is grateful to Congressman Joe Courtney for his continued support of our company and our employees and for his diligent efforts in Washington to create an improved environment for U.S. manufacturers as a whole."
Congressman Courtney is a strong supporter of U.S. manufacturers, and has sponsored tariff suspension legislation for eastern Connecticut firms. He was also a key vote for the U.S. Manufacturing Enhancement Act (H.R. 4380), which was signed into law in 2010, and contained critical tariff suspensions and reductions aimed at helping American companies grow – including tariff suspensions that benefited Warren.
Warren Corporation currently has approximately 120 employees, and produces luxury worsted and woolen fabrics for the men's wear and women's wear apparel market, including cashmere, camel hair, silk, and super 100s and finer worsted wool.
Source:
http://www.fibre2fashion.com/news/textile-news/newsdetails.aspx?news_id=116537
