Laserfiche WebLink
/4\ <br />PRINT & 6I6ITAL <br />City of Ramsey <br />Patrick Brama <br />7550 Sunwood Drive NW <br />Ramsey, MN 55303 <br />Dear Mr. Brama, <br />1/5/2017 <br />American Print & Digital is a wholesale printing company that was founded in 2009 and is based solely in Ram- <br />sey. Our core products are marketing materials, stationery, books, and business forms and we sell these to print- <br />ing brokers and sales people around the country. Due to steady growth, we have decided to expand our business <br />with new equipment and more space. <br />In early 2016 we began searching for and found equipment that will allow us to add tremendous capacity to our <br />current production. In addition, this equipment will allow us to expand our product offerings and increase our <br />competitiveness in other areas. As part of this expansion we are also in need of additional space. We currently <br />occupy 5000 square feet and have discussed adding on another 5000. During this process, however, the building <br />at 6320 Highway 10 became available. <br />6320 Highway 10 was previously occupied by a printing company. It already has all of the power capacity and <br />distribution that we need for our equipment. The building is large enough for our business now and for growth <br />in the future. We are planning to buy this property, make some upgrades inside and out, and begin operations <br />there by April 2017. <br />I am applying for SBA financing for the equipment and building. This financing requires 10% equity and it is my <br />hope that the City of Ramsey will help with a 5% loan. Partnering with the City of Ramsey will help ensure the <br />success of our expansion by allowing us to retain some of our cash reserves for moving expenses and the addi- <br />tional costs that come with this type of expansion (inventory, support equipment, marketing, etc.). While our <br />numbers aren't quite final, the whole package will be close to $1,400,000. $800,000 for the building and improve- <br />ments. $600,000 for equipment. <br />Thank you for your consideration. Our company has been successful in Ramsey for over 7 years and we are very <br />excited for this opportunity to stay and continue to grow here. <br />Sincerely, <br />Jason Farrell <br />President <br />13950 Radium St NW, Suite 400 • Ramsey, MN 55303 <br />763-421-0611 • 877-364-4545 • Fax 763-712-9107 <br />