4.1. JFC 08-27-2019 - Laserfiche WebLink

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1. Business overview and company history and ownership - include organizational structure, parent Company and any affiliates Distinctive Iron, LLC is a woman owned and operated company that designs, fabricates and installs structural and miscellaneous steel products. The company is owned 60% by Cynthia Hemmer and 40% by her son, Steven Hemmer. The company was started in a 2,400 square foot pole building at their residence. The business grew very quickly, and they added 2,800 square feet to the pole building. When they outgrew that space, they purchased a 13,000 square foot industrial building located at 19128 Industrial Blvd NW, Elk River in March 2015. Hemmer Companies LLC was formed in 2011 for the purpose of owning and leasing real estate, specifically to Distinctive Iron. The Hemmer’s are eager to take their business to the next level. With over 30 years of experience, Distinctive Iron prides themselves in exceeding customer’s expectations in design, fabrication and project management in a quality-driven environment at a competitive price. Recent projects include the expansion of Alliance Machine (Elk River), UMA Precision Machining (Zimmerman), P&F Machine, along with several Schools which include Blaine and Ramsey Elementary Schools, Guardian Angels (Ostego), Nystrom & Associates, the proposed Elk River Multipurpose Facility, McPherson Constriction, Halco, North Dakota Steel Building, Babinski Properties in Sioux Falls South Dakota – two- story balcony decking for renovating old apartment buildings. 2. Product or industry outlook for the project Manufacturing, growth of manufacturing as a whole to the economy. Respond to the customer base and grow MN The United States structural steel industry supplied fabricated and erected structural steel framing for over 10,000 buildings, bridges and industrial facilities through a network of producers, service centers, steel fabricators and erectors in 2017 down substantially from a peak of nearly 15,000 in 2006 and 2007. The decrease in market volume was the result of a downturn in overall construction activity. Total industry employment in 2017 was estimated to be in excess of 200,000 individuals in 2,300 firms down approximately 15% from 2006. Total industry revenue in 2017 was estimated to be in excess of 20 billion dollars. It is anticipated that industry employment and revenue will expand by four percent during 2018 based on the current 2018 growth rate of non-residential construction. Structural Steel: An Industry Overview, American Institute of Steel Construction, August 2018 3. Total projected sales for the project both inside and outside of Minnesota – Exhibit 5 2014: $3.6M 2015: $4.4M 2016: $4.8M