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Project

GT Speed Shop / Waddington Auto Parts

At a Glance

Status

concluded

Agency

Local Development Corporation

GT Speed Shop / Waddington Auto Parts requested $20,000 from the St. Lawrence County Local Development Corporation’s Microenterprise Revolving Loan Fund to assist the business in restoring cash flow to provide ongoing inventory support, and to assist with cash flow fluctuations that occur due to the Company’s business cycle.
Waddington Auto Parts plans to increase advertising and redevelop its web presence to reach markets outside the local area.
The Company has been in operation since 1972, as originally founded by Gerald Pemberton. Joe Pemberton became a partner in the Company 9 years ago and, with Gerald’s recent retirement, has taken on a significant portion of the management responsibility.

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