This is a critical time in the history of Minnesota's Iron Range and that of the entire United States manufacturing future. We either develop and
utilize state of the art CNC equipment that through automation will allow us to compete within the World markets lower labor costs, or simply wait for our competitors to come and remove our natural resources, to fabricate in their own countries.
With our natural stone company, we can compete and create high paying great jobs and produce high quality, low cost building products. Our facility is a Green Facility, the products we produce are green building products and the state of the art machinery wastes little of our natural resources. Iron Range Stone will initially produce 35 actual company jobs in 2012 and 30 or more residual jobs supporting our company. By the end of 2014 our company and support companies with this plan, will produce over 185 great jobs that will operate year round. Our Iron Range economy cannot sustain itself without jobs like these, the economy of the United States cannot sustain itself without a manufacturing base.
This is an important time for us and for our country because of the economic down turn; we now have to rethink how our economy will go forward. Our facility is the future if not the blueprint for the rebirth of manufacturing in the United States. It is a state of the art dimensional stone facility that will be second to none in the World in production capabilities and quality. We will produce dimensional stone that cost competes with lower labor cost markets and because it is basically a robotic facility, all of the employees will receive a great wage and the knowledge that our facility can compete Globally.
This facility will be the key to the puzzle for the manufacturers of the Midwest because of our weekly use of the Duluth Port Authority, to ship our finished stone products. We will utilize container barges to move our products, it will then open the flood gates to all other Mid-Western manufacturers being marginalized because of excessive shipping costs. The facility is a green operation and producing green products. They will now be able to significantly reduce these costs and allow them to open up new markets that were once restrictive because of the high cost of shipping. Our plan is perfect, it gives the Vikings and the State of Minnesota the ability to save up to 30% on the cost of building the stadium. This will be realized by the savings of over 2/3's of the cost of dimensional stone that will be used in the stadiums construction.
