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The Suwa Precision Machinery Industrial Park & Daiichi Precision Industry Association were organized in 1962 under the Japanese subsidy system for developing small and medium enterprise.

Daiichi Precision Industry Association is the cooperative business association which assists the 23 companies situated within the Industrial Park. These companies are from the precision engineering supporting industry, such as printed circuit boards, die casting, metal printing, heat treatment of metals, springs, molding, industrial rubber, precision plating, various tool and die, metal press stamping, and mechanical system assembly.

The organization has achieved much national reputation within Japan for its efforts to achieve an industrial park which focus on production of high tech products and process development in Suwa city.

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