“We have to support the development of homegrown ideas into products and processes that can be the foundation of new businesses,” said Steve Craig.
The Commerce Chenango president and CEO points to Chenango’s own past for examples of the innovation and entrepreneurship he’s talking about.
“Our history is one of capitalizing on innovation,” he said.
David Maydole is a favorite example. Maydole, a blacksmith by trade, saw the head fly off a hammer and recognized it as an opportunity. He set out to redesign it, and the Maydole Hammer Factory was born.
“That innovation in the 1830’s was the start of the largest hammer factory in the country by the 1890’s,” Craig said.
It was aspirin – along with Unguentine and Pepto Bismol – that propelled the Norwich name to pharmaceutical fame. And an innovation in pallet design that led to Raymond Corporation’s success in the material handling industry. Craig’s list goes on, enumerating the innovators and entrepreneurs that helped shape Chenango’s business past as well as its present. Some, like the Maydole Hammer Factory, are now defunct; others continue to thrive. They’ve been joined in more recent history by names like Golden Artist Colors, Unison, Chentronics, Electron Coil and Chobani.
Craig wants to make sure that list keeps growing…
Written by Melissa Stagnaro, Evening Sun Contributor. Read the full article at evesun.com.