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FOR IMMEDIATE RELEASE: August 15, 2016
Contact: Stacey Swank
Pinellas County Economic Development
(727) 464-7425 or sswank@pinellascounty.org

MasterCut Tool Corp. grows from a Safety Harbor garage to
a worldwide leader in the cutting tool industry with 100+ employees

PINELLAS COUNTY, FL (August 15, 2016) -  In 1985, Michael Shaluly founded his company with one hand grinding machine and one dust collector in a small garage in Safety Harbor, Florida.  Today, just two miles away from that small garage, MasterCut Tool Corp. has become a worldwide leader in the cutting tool industry, with distribution in over 40 countries. 

The company has expanded into a 70,000 sq. ft. manufacturing facility, opened a European Sales Office and employs over 100 staff members. The company is proud to call Safety Harbor in Pinellas County its global headquarters, as they celebrate over 30 years as a world class manufacturer.

On August 9th, at the Pinellas County Board of County Commissioner's meeting, Michael Shaluly, President of MasterCut Tool, was recognized for his contributions to the Pinellas economy and leadership in the business community with the "Thank you for Doing Business in Pinellas," award presented by Commission Chairman Charlie Justice.

"I'd like to thank Michael for his entrepreneurial spirit, vision, dedication to our community and for creating over 100 jobs in Pinellas County," said Commissioner Charlie Justice, Chairman of the Pinellas County Board of County Commissioners. "We're honored to have MasterCut Tool producing some of the finest cutting tools in the industry and leading the way for the next generation with internships and careers in manufacturing.

"Thank you to the Commission and the Chairman for this award," said Michael Shaluly, President of MasterCut Tool Corp. "Our devoted staff and their enthusiastic commitment to our "Customers' Needs Come 1st" (CNC1st) philosophy has allowed us to grow and expand MasterCut Tool. Our customers' loyalty and confidence over the years has been the foundation for our success. We've been able to expand our global distribution and stay rooted in the City of Safety Harbor. Thank you for recognizing manufacturing, which today is a clean and high tech environment, not to be overlooked by today's youth as a great career opportunity."

MasterCut Tool Corp manufactures high performance rotary cutting tools utilizing the Mastercut Automated Production (MAP) manufacturing process to ensure the most consistent, high quality cutting tools.  The company was a Florida Manufacturer of the Year Finalist in 2014 and 2015 based on the Malcolm Baldridge scoring system.

MasterCut Tool's corporate values support their employees, education, the Pinellas community and environmentally-friendly operations. The company is promoting the 2nd Annual 5K Manufacturing Run-Walk-Paddle for Education on October 22nd in Safety Harbor. Last year this event raised over $22,000 in scholarships for deserving future engineers.  

MasterCut Tool supports students and graduates with internships that allow young people to gain valuable work experience with the company's innovative engineers. They're currently hiring for the positions of CNC Operator, Receiving Agent, Maintenance Engineer and Marketing Assistant. 

Find more information about MasterCut Tool Corp, this year's 5k Run-Walk-Paddle, internships and career opportunities at www.MasterCutTool.com.

(front row, left to right) Mike Meidel, Director of Pinellas County Economic Development, Mia Shaluly, Mastercut Tool Corp. CFO, Michael Shaluly, President of MasterCut Tool Corp., Commission Chairman Charlie Justice (back row, left to right) Commissioners Pat Gerard, Kenneth Welch, Janet Long (Vice Chairman), Dave Eggers and Karen Williams Seel. Photo credit: Debra Lansdowne, Pinellas County Marketing & Communications

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About Pinellas County Economic Development
Pinellas County Economic Development (PCED) works with existing businesses to encourage expansion and seeks to attract new companies with high-wage careers to our community. Through investment tools, business classes, professional consulting services, trade missions to open new markets, and strategic partnerships, PCED fosters a pro-business environment and promotes the ideal business climate of Pinellas County, Florida. Learn more at www.PCED.org and find customized business consulting to grow your company at www.PCED.org/sbdc.

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