When the company that Eric Corey worked for went bankrupt, he decided to take matters into his own hands and start his own company, EMC Fintech.
Although a Warren resident, Corey's company is on Second Avenue in Jamestown. He said, "I was born in Warren, grew up in Irvine and went to Youngsville (High School)."
He was so successful with his new business, that his company received the Growth Business of the Year Award from the New York State Business Development Center. He said he also received awards from both New York State Assembly and members of Congress, including a flag that had flown over Washington, D.C.
He said, "I was kind of shocked, myself," about receiving the awards.
Founded in 2009, EMC Fintech produces and services high-precision tooling and equipment for all lines of the heating and cooling industry, including both the aluminum and copper market. Corey and his colleagues have extensive experience in the specialty tool and die industry, producing roll dies for radiator and automotive cooling components.
Corey said, "We make cooling products for just about anything, like the units on the tops of buildings, large computers and we've been approached by people who manufacture windmills and solar units."
He added that 90 percent of the energy burned in fossil fuel electric generation goes up the smokestacks, and FinTech's products can help capture and reclaim the heat to put back into the system. He said that they had even been approached by the Department of Defense for cooling systems in aircraft, but the time it would have taken would hurt other projects that were under time constraints.
Corey consulted the New York State Small Business Development Center for assistance in starting a new company, and successfully acquired funding through the Chautauqua County Industrial Development Agency and the Southern Tier Development Organization.
He said, "I want to thank the people in Warren and Jamestown that made it happen. It wasn't just us, it was people who understood that we don't get a weekly paycheck, we get paid by the job, and extended our lines of credit."
Corey and his colleagues take pride in the fact that their products meet the highest standards in the industry, using state-of-the-art laser gauging systems in their processes and quality control. Quality is top priority in all stages of EMC's production, from raw materials coming in to finished product; everything passes a rigorous inspection by highly-trained staff.