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Meet the Alumni

David Hegenbarth

Cleveland, OH

Industry
Custom Gear Manufacturer
Year founded
1914
Business
Federal Gear
Partner College
Cuyahoga Community College
The Goldman Sachs 10,000 Small Businesses program has helped me to focus on growing the business in an organized way, instead of just reacting and surviving. We have a plan and are working on projects that will ensure future growth.

Business Overview

Federal Gear is a custom gear manufacturer serving the needs of commercial industry throughout the United States and Canada. Many years of detailed manufacturing and understanding customer requirements has allowed Federal Gear to be the preferred choice for many companies. The company has invested in technology and support tooling that serves the dynamic needs of today's customers.  Federal Gear dates back to 1914, as one of the original gear-manufacturing firms founded in Cleveland, Ohio.

Challenges

David joined the program to help learn how to articulate what his business is about and what differentiates them from the competition. David was hoping to learn how to take a company that has been around for a 100 years, and make sure it’s around for another 100 years.

Results

Since participating in the program, David has grown his business by tapping into new sources of support — utilizing the expertise of his peers from the program.   David has expanded his customer base and increased sales.  Based on this success he was able to secure financing for new equipment that he hopes will not only lower his costs, but significantly expand his capabilities as the company continues to grow.