Breaking News

Hooven-Dayton wins minority business loan

May 28, 2008

Hooven-Dayton is awarded a 3 percent minority business loan by the state of Ohio that will help with the purchase of a new Nilpeter press.

Hooven-Dayton Corporation, based in Dayton, OH, USA, has been awarded a $350,000 Minority Business Direct Loan by the Minority Development Financing Advisory Board of the state of Ohio. The loan will enable the company to expand its business opportunities and create 10 positions.

"Hooven-Dayton Corporation is a longtime and valued Dayton company that continues to strive for new growth opportunities," says Lieutenant Gov. Lee Fisher, who also serves as director of the Ohio Department of Development. "Building upon the success of minority owned firms like Hooven-Dayton, our state's Minority Business Enterprise Division is targeting growth in Ohio's minority business sector and developing new tools to strengthen opportunities available to minority business owners."

Hooven-Dayton Corporation manufactures labels, flexible packaging and other narrow web products for a variety of industries. The company was founded in 1935 and is the first wholly owned subsidiary of Che International Group, a minority business enterprise owned 100 percent by Christopher Che. The company occupies two buildings totaling 40,000 square feet and has nine flexo narrow web presses, a digital press, a digital plate maker, and state-of-the-art prepress software. The seven-year Minority Business Direct Loan, at an interest rate of 3 percent, will support the purchase of a Nilpeter flexo printing press with screen printing, embossing, and cold foil stamping capabilities. The equipment will also help fulfill a new $1 million contract.

blog comments powered by Disqus
  • Drupa 2016 a ‘resounding success’

    Drupa 2016 a ‘resounding success’

    Steve Katz, Editor||July 15, 2016
    The label industry was well-represented as visitors showed strong interest in the latest printing technologies.

  • Label & Narrow Web Job Market Report

    Label & Narrow Web Job Market Report

    Dan Miller||July 15, 2016
    A look at the trends and challenges affecting the label industry’s talent search.

  • Promotional Labels

    Promotional Labels

    Greg Hrinya, Associate Editor||July 15, 2016
    This ‘louder’ label announces new products, pricing, discounts, giveaways and more.