Tariffs provide timely opportunity for Palmetto tool manufacturer

Tools and injection molding manufacturing CEO Mike Guidoboni had a problem in January 2023. The building near the Sarasota-Bradenton International Airport, where he leased 5,000 square feet for his company, Spectrum Custom Molds & Manufacturing, was abruptly acquired. Spectrum had been in the space for five years.

When the company Spectrum was leasing from was acquired, Guidoboni was building a facility four times as large for his business on a 10-acre site about 16 miles away, just south of SeaPort Manatee in Palmetto. But it wasn't yet complete. So Spectrum had to relocate for several months to a temporary space to keep the business going before it was able to move into the new building in 2023. "We had basically four or five weeks to get out," Guidoboni says. "It was a hurdle."