I would like to call to your attention the case of a promising small concern in my congressional district that not only was saved by financial assistance from the Small Business Administration. but today employs five times as many people as it did. and has increased sales some sixfold. The story of what an SBAsponsored program can do for industry and the community. is revealed in the successful growth of the Transistor Automation Corp. of Cambridge. Mass. This is a company of considerable potential that received much needed financing from a small business investment company. The Transistor Automation Corp. manufacturers of mechanical test equipment. was founded by three young engineer immigrants from Israel. They had a good product and the scientific and technical knowledge that held considerable promise. About 3 years ago. however. the small firm came to the inevitable crossroads faced by many rapidgrowth companies.
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immigrants