On October 25, 2010, President Barack Obama visited Woonsocket to tour and speak at American Cord & Webbing Co. Inc. The trip was part of a campaign effort to highlight small business investments made possible by the Small Business Jobs Act.
American Cord & Webbing Co. Inc., a manufacturer of cords, buckles, and hardware, received a Small Business Administration loan, and President Obama used his visit to highlight the federal government’s role in helping small businesses expand and create jobs.