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HomeMy WebLinkAboutEnergyneering Forgivable Loan Fund DESCHUTES COUNTY/ CITY OF BEND Business Development Forgivable Loan Fund - APPLICATION - The Deschutes County Business Development Forgivable Loan Fund and City of Bend Business Development Forgivable Loan Fund disburse moneys for the purpose of increasing employment and capital investment with each respective jurisdiction. The Fund has been established to offset the costs of business relocation to and within Deschutes County, including moving of equipment, purchase or construction of facilities, and site improvements such as the extension of public services and utilities. EDCO has been designated by Deschutes County and City of Bend as the administrator of this fund. The magnitude of funding is dependent on job creation (typically $1,000-$2,000 per job). This application may be considered a public record and thus be made available for inspection by the public upon request. Under Oregon public records law, certain trade secrets and proprietary financial information may be withheld from disclosure. If the applicant wishes for such information to be withheld from disclosure, please submit a separate letter containing that request. EDCO, Deschutes County and the City of Bend agree to withhold such information from disclosure to the extent permitted by law. Key Requirements Are: Grantees must create at least five (5) new primary, permanent family wage jobs and shall retain those jobs for at least one year. Optional: Documented capital expenditures will increase strength of application. Grantees are urged to document the investment of taxable investments (new equipment, building improvements) to demonstrate expansion and growth commitment. Please provide a quarterly capital investment projection. Responses to the questions below need not be limited to the space provided, but please keep total application materials to no more than 12 pages. Section I – General Information Date: September 29, 2011 Company Name: ENERGYneering Solutions, Inc. Location (City/County): Sisters, Deschutes Business Type: Engineering, Construction and Operations Industry Type: Professional Services (traded-sector) No. of Employees: current: ___19 expected new:_13__ HQ Address: 15820 Barclay Drive; Sisters; OR 97759 State & Federal Taxpayer ID: 26-1573315 Company Contact: Sue Dolezal Title: Accounting Manager Phone: 541-549-8766 ext 202 Email: sdolezal@energyneeringsolutions.com Parent Company: Website: www.energyneeringsolutions.com Section II – Company Profile 1. Please provide a brief overview of your business. ENERGYneering Solutions, Inc. is an engineering, construction and operations consulting firm committed to providing quality renewable energy solutions in today’s rapidly changing energy markets. Headquarters for the company is in Sisters (Sister’s Airport) which includes management, administrative, engineering, construction management and fabrication operations. Section III – Project Activities 1. Please outline the proposed activities for these funds. How will access to the Business Development Forgivable Loan Fund support your strategic objectives, while increasing your employment and investment in the Central Oregon region? Explain why public funding is necessary for the success of this expansion or relocation. Please be specific. How will these funds help your company grow and add jobs? Funding by way of the grant/forgivable loan will assist the company in finding the individuals locally to provide the employee support to engineer, operate and construct the projects worldwide. The company started in 2007, finding a niche market in the quickly growing renewable energy field. Since 2007, the company has grown successfully from three employees to 20. Nearly all employees are residents of Deschutes County and more specifically of the Sisters area. This includes engineering and management talent, which Energyneering has been successful in either recruiting from the local labor pool or recruiting into the area from outside Central Oregon. Cash flow can be significantly impacted when hiring new employees. The grant/forgivable loan monies provided by Deschutes County will assist Energyneering in finding qualified individuals, necessary training of new hires (to be productive team members) and to purchase workstations (computers, monitors, desks, chairs, etc.) to satisfy the growing needs of the company. Section IV – Grant Terms and Conditions 1. Total Employment Grantees must create at least 5 new primary, family wage jobs (at $35,300 per year) and shall have retained those jobs for at least one year. Please provide a quarterly projection of expected job creation, including titles and/or descriptions. Also indicate expected average wages for all: A) new jobs to be created and B) for total company employment (i.e. sum of all wages divided by total employees, new and existing). In response to successful marketing and a reputation for quality, cost-effective work, Energyneering is expecting considerable employment expansion, over an above steady growth since its establishment. The company’s principals are committed to having as many new employees as practical based in Sisters. Consequently, the 12 positions expected to be added the last quarter of 2011 and the calendar year 2012 are only local employees within Deschutes County. Full time positions include: Senior CAD Administrative Assistant Laborer Power System Specialist Electrical Engineer (3 positions) Mechanical Engineer (2 positions) Superintendent of Fabrication and Construction CAD Operator Facility Operator The expected average salary/wage for all these positions is $52,387 or $25.19 per hour. This compares to the average wage for all employers in Deschutes County of $35,214 or $16.93 per hour. Additionally, the company expects to hire at least one part-time field construction worker that is not included in the list or average wage/salaries above. 2. Capital Investment (Optional) Although not required, capital investment plans are a helpful indicator of future plans and viability of expansion or relocation execution. Grantees are asked to document the investment of taxable investments (equipment, new construction). Please provide a quarterly capital investment projection. Energyneering is heavily invested in the Sisters community. In September 2011, the company owners purchased 12.5 acres at the Sister Airport, including approximately 6,000 square feet of existing office space and shop/production space. Hangars space leased out to private aircraft owners in the area was also part of the acquisition. The company is planning on expanding these facilities with the addition of new office space – potentially by the end of 2012. 3. Primary Employer Test Grantees must be private firms in manufacturing, high-technology, or technology-based businesses which have more than 75% of customers outside Deschutes County. What percentage of your customer base exists outside Deschutes County? To date, more than 95% of Energyneering projects and clients are outside the Central Oregon region. Over the past year, the company has completed two local jobs at Knott Landfill and Sisters High School. Roughly 45% of the company’s business is currently in the Pacific NW, 35% across other parts of the U.S. and about 20% international.