U.S. Secretary of Commerce Penny Pritzker Honors ERD LTD with Presidential Award for Export Achievements
U.S. Secretary of Commerce Penny Pritzker Honors U.S. Companies with Presidential Award for Export Achievements
The President’s “E” Award is the highest recognition any U.S. entity can receive for making a significant contribution to the expansion of U.S. exports. In 1961, President Kennedy signed an executive order reviving the World War II “E” symbol of excellence to honor and provide recognition to America’s exporters. This year, 73 companies and organizations were honored with the “E” Award for Exports for demonstrating a sustained increase in export sales over a four-year period. There were 28 companies and organizations that assisted and facilitated export activities and received the “E” Award for Export Service. The “E” Star Award for Exports, which recognizes previous “E” Awardees who have reported four years of additional export growth, was awarded to 17 firms. And, five companies were awarded the “E” Star Award for Export Service, which recognizes previous “E” Awardees that have shown four years of continued support of exporters since first winning the “E” Award.
ERD LTD is proud to be apart of the largest group to ever receive this award which helped contribute to the United States’ exporting $2.23 trillion worth of goods and services in 2015, and the estimated 11.5 million American jobs supported by exports.
Charlotte, NC – The U.S. Small Business Administration (SBA) has named Glenn Flaherty and Tom Robinson of ERD Ltd., Inc. in Kernersville, the North Carolina Exporters of the Year for 2015. Flaherty is owner and president; Robinson is executive vice president.
ERD is an engineer owned and operated electronic repair company. Flaherty started the firm in 1995 with one other employee. ERD repairs damaged electrical components for clients in every state of the U.S. and over 65 countries. They service various business sectors including the cruise, manufacturing, energy, and semiconductor industries. Their customers include 26 of the world’s Fortune 100 companies.
“It is an honor to be recognized by the SBA for our export effort,” said Robinson. “We encourage all North Carolina businesses to become engaged in international trade.”
The criteria for the award include: Increased sales, profits and/or employment due to exporting, creative overseas marketing strategies and introduction of unique trading relationships, products or services.
For the last three and a half years, Flaherty and Robinson have worked closely with the North Carolina Small Business & Technology Development Center (SBTDC) International Business Development Counselor Owen George. He guided them in the development and implementation of a strategic export plan, which helped them expand their international client base from five countries to over 65 countries around the globe. George nominated the pair for the award.
This market expansion played a key role in ERD’s securing a $579,000 SBA Loan from Wells Fargo Bank for the purchase of their 15,000 sq. ft. headquarters in Kernersville in 2013. Thanks to SBA funding and technical assistance ERD has grown to 18 employees and quadrupled revenues between 2011 and 2014. Almost 25 percent of that total is export sales.
ERD LTD is proud to receive the Export Achievement Award while repairing industrial electronic equipment for companies around the world.
“The U.S. Department of Commerce’s Export Achievement Certificate recognizes companies that are business clients of the Commerce Department’s U.S. Commercial Service (USCS) and have successfully entered new foreign markets. The Greensboro USCS is leading tomorrow’s recognition of these successful exporters.
ERD Ltd. of Kernersville, NC. ERD is an industrial electronic repair company and has exported to more than 64 countries, and has some 4,800 customers world-wide.”