Abstract:
In 1972, Colon Byrd, Jr., and Andrew Turik formed their own small business, Precision Cutting and Winding, Inc., to convert synthetic textile fibers products into usable fibers. Located in Kinston, their business has developed into a profitable company that is providing employment opportunities for many Lenoir County residents. This article discusses how Byrd and Turik developed the company and some of the financial challenges they faced.