Agenda - Economic Development Authority - 12/08/2022

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Part 1 The Schiebout Family Limited PLLC is a family business that began its roots when its founder, David Schiebout, had the vision to begin a custom manufacturing company in 1979 named, Delta MoclTech° (DMT). DMT and its subsidiaries have placed manufacturing equipment around the globe in nearly 30 countries. This equipment manufactures medical, pharmaceutical, electronic, RFID, fuel cell/battery, and automotive products which are in turn delivered worldwide. DMT had recently relocated their headquarters to Ramsey, MN. The Schiebout Family has been involved in serving their manufacturing business but also expanding into industrial and commercial real estate with many tenants that have partnered with the family for 20+years. The Schiebout Family, now in their second generation, has the mission and vision to serve their customers, employees,tenants, and community. Part of the family's vision is to expand and diversify beyond their parent company of DMT and real estate arm, being steadfast with the same mission of servant leadership, as they provide opportunities for more positive economic growth in the communities they serve and as a catalyst for creating strong culture. Although the Schiebout Family has been successfully developing and leasing industrial and commercial real estate since 1977,they have not ventured into the hospitality space. However, with due diligence and strong community support, they believed there was an unmet need in Ramsey for a new lodging offering. Because of this, the family pursued the potential of pioneering the prospect of this service-oriented business to our community. However, with the risk of the post-Covid environment, economic impact of the economy, and elevated construction costs,the family is requesting assistance from the city to pursue this unmet need. The Schiebout Family desires to continue their focus on their mission and values of servant leadership in their working relationships with their tenants and community as a real-estate company and now venturing into Ramsey as a hospitality provider. The Schiebout Family is committed to continuing these values into the new opportunity of hospitality by providing a high-service, high quality result, based on servant leadership, the Golden Rule, and importance of serving our community. Part 2 The Shareholders who will be owners in this proposed project are as follows: • David & Ronda Schiebout (Founders of DMT, G1 family owners), board member of DMT, Members of Schiebout Family Owner's Council • Wendy Schiebout (G2 in family business)works at DMT in leadership and operations, board member of DMT, Members of Schiebout Family Owner's Council • Evan Schiebout (G2 in family business)works at DMT on leadership and engineering, board member of DMT, Members of Schiebout Family Owner's Council • Emily Allegra (G2 in family business)works at DMT as family leader and asset management, board member of DMT, Members of Schiebout Family Owner's Council All 5 people are family members and owners of DMT and the business will be female-majority owned.