ITD Receives SBA Family Business Award


ITD Precision was recently honored as the recipient of the SBA Houston District 2011 Family Business of the Year Award.  Mike Tofte, Bill Tofte, Michael Tofte, and Scott Wells were on hand to receive the award.  On a video prepared by the Small Business Administration, the history and tradition were highlighted, including its humble beginnings and founding by Fred Tofte in 1946.  Several hundred people attended the award event.  Much of ITD’s growth in the last 10 years was financed through Amegy Bank and the SBA.

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