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9.1. SR 08-17-2020
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9.1. SR 08-17-2020
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8/13/2020 3:52:02 PM
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Hiring for 2020: I plan to hire a shop manager and controller at $70,000/year for each position. I also <br />plan to hire 2-3 additional warehouse employees at $18 per hour starting pay. All full time employees <br />receive medical benefits and PTO. <br />2021 and Beyond: I plan to hire 2-3 employees per year at $18 per hour or higher. Some positions may <br />pay higher depending on the required skill level. For example: a laser operator would be paid around <br />$30 per hour. <br />{ƚǒƩĭĻƭʹ <br />The budget for the project is set at $2.4 million with a max budget of $2.55 million. My father has <br />committed $200,000 to the project as a gift. I plan on contributing $50-70k as a down payment towards <br />the project. Village Bank and the SBA will provide loans for the balance, at very competitive rates. <br />The project is currently $400,000 over budget. I am working with the contractor to reduce costs. The <br />bank and my contractor are both urging me to apply for TIFF to keep the project on budget. As it is <br />currently planned, I will not be able to build in Elk River. Unless something changes; I must consider <br />building in a city that offers more financial incentives to bring in new businesses. <br />
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