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Elk River Economic Development <br />Energy Incentive Program Application <br />I. Contact Information <br />,^ . Heritage Millwork <br />j\ame ot tiiismess: <br />Project Site Address: <br />City / State / Zip <br />Contact Personfs) <br />Busiiiess Phone <br />A roximatel 14.06 acres of PID 75-00929-0020 in NEBCII <br />Elk River, MN 55330 <br />Annie Deckert, All Day Companies <br />319-214-5858 <br />Home Phone <br />Check One: Propnetor <br />Federal ID # 41-1864718 <br />Fax <br />Email <br />Corporadon Partnersliip <br />State ID #3129323 <br />2. Nature of Request <br />Please give a brief sunmiary ot your biisiiiess and its products or senice: <br />Established in the Spring of 1997 in Ramsey, Mn, Heritage Mitlwork Inc (HMI) has been servicing the <br />)er Midwest Market as a distributor of moldings, millwork, interior doors, exterior entry doors and <br />stair parts. HMi supplies to more than 450 dealers in MN, Wt, SD and IA Originally stocking only a few <br />interior door designs in two wood species, HMI ow offers over 25 door designs, with unlimited specjal- <br />order options. In addition to a wide selection of interior doors, HMI also offers over 30 molding profiles <br />in seven species including MDF, with special-order molding profiles and a broad selection of stair <br />parts. HMI provides wholesale products to retail lumber dealers. <br />Please give a brief sumniaiy of the project and a constniction tiineline for the project: <br />HMI is proposing to acquire approximately 14 acres in city-owned Nature's Edge Business Park II <br />to construct a 113,000 square foot facility with room to expand another 40,000 sf. (estimated 3-5 <br />/ears after receiving CO). Currently located in Ramsey, MN, HMI has outgrown it's current <br />and'wouid like to relocate to Elk River. It currently has two offsite warehouses for <br />excess'material and product which causes inefficiencies and lost revenue. Proposed <br />groundbreaking is Summer '24. with estimated project completion Q1 '25. <br />Please describe how tills program \vUl iinpact yoiir project: <br />The rebate will improve overall cashflow of the business, helps reduce costs and increase <br />efficiency. A positive cash flow helps create a buffer for unexpected expenses, fluctuation in sales, <br />changes in the market, and allows us to make informed decisions, plan for future growth (we have <br />the potential to expand up to an additional 40,000 square feet from our proposed 113,000sf <br />facility.). <br />Page 56 of 64