News: Rhode Island

Trussco’s bright future at Quonset Business Park - by Steven King

Steven King, Quonset
Development Corp.

The Trussco staff

With over 200 companies and nearly 12,000 jobs at the Quonset Business Park, many Rhode Islanders are surprised at the diversity of work done at the park. My job as managing director of the Quonset Development Corp. is to create an environment for hundreds of distinct companies to thrive. Trussco, a leading manufacturer of wood components for the construction industry, is one company whose recent growth is impressive. 

Trussco has been operating at the business park since 1989, and were a small operation until 2015 when Stark Truss acquired their manufacturing headquarters. Stark Truss employs 800 people across 14 locations, and the manufacturing plant at Quonset in North Kingstown has grown rapidly in the last four years. 

Trussco mainly builds trusses, which can be thought of as basic support structures and beams for residential and commercial construction companies and builders. They also produce floor trusses and other engineered wood products. The bustle of its 35 employees and its lot full of lumber has been a welcome sign at Trussco, but the family first company culture instilled by parent company Stark Truss makes their success feel earned. 

Stark Truss was founded by Abner Yoder and his wife Esther in 1963 in Stark County, Ohio. He passed on this business to his four children who now run the company. Stephen Yoder, president of Stark Truss describes the company ethos as critical to the company’s success. Yoder says that the Stark Truss management team is serious about creating a family atmosphere, and that their employees feel like they are a part of something larger than themselves. Their main office in Canton, Ohio is called Corporate Support instead of “Corporate Headquarters.” 

In addition to being a family-first company, they donate 10% of all profits to the Abner-Esther Yoder Foundation, which supports humanitarian-based missions around the world. For example, the foundation recently helped to build a hospital in Guatemala, and is dedicated to lending their building expertise and leftover materials to projects in need. Stark Truss also has an annual giving program called Founder’s Day where employees in each of their 14 locations vote on a charitable cause for Stark Truss to donate to. 

Since purchasing Trussco, Stark Truss has invested over $500,000 in technology at the Quonset plant and $40,000 in 2019 alone. The investment in modern equipment enables the many rail cars of lumber that they use to be cut safely, precisely and more quickly since it’s done with laser accuracy. The technological upgrades also make the measurement and building of Trusses much faster – the production set-up time of a truss has been cut down from 30 minutes to 20 seconds. Stark Truss is also planning building improvements to make a better work environment for employees as they expect their workforce to grow in the coming years. It is exciting to see companies investing in a future at Quonset Business Park.  

Quonset’s location in North Kingstown enables Trussco to meet the demands of the marketplace. They are able to serve their Boston, New York and Hartford customer and they utilize the park’s freight rail system to ship lumber to their manufacturing plant or to send out finished wood products to their end locations. The park’s proximity to I-95 also allows for easy shipment of their products by truck. Trussco was already well known in New England and the Tri-State area, but the Stark Truss customer base has now grown southward to South Carolina and in the Mid-Atlantic to Baltimore. 

RIPTA’s new Quonset Express bus service has assisted their workforce as many employees are traveling from further than North Kingstown and public transportation makes the commute simpler. Trussco advocated for this service before it began and we appreciate their willingness to use public transportation to reach the business park. 

When looking at 200 plus companies at the park, there are many great success stories. My job is to create an environment at the business park for new companies to flourish and existing companies to expand. We’re proud of Trussco’s growth and Stark Truss’s investment over the past few years and hope their momentum continues.

Steven King, PE, is the managing director of the Quonset Development Corp., North Kingstown, R.I.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary