Holland Construction has devised its own economic stimulus package,
called an EF-10, which allows companies with strong credit to choose
their own construction financing arrangements, defer fees or establish
their own ownership or equity position for a project.
"Although we detect a loosening of the
equity markets, obtaining adequate financing remains a key obstacle in
the initiation and completion of many construction projects," says CEO
Joe Holland. "We believe the EF-10 program will offer an attractive and
compelling solution to certain companies, and allow them to move forward
with their plans. Our ability to successfully implement this plan will
benefit end-users, the subcontractor industry and the overall business
economy in our local markets."
Craig Campbell, vice president of Holland's Florida office,
says Holland Construction isn't acting as a financier on every project.
"In some cases, yes, we are," he explains. "In other cases,
we'll bring in a partner. In other cases, we'll use a bank. It really
depends on the deal and what is going on at the time. I don't want to
create the perception that we're a bank, because we're not. It's a
case-by-case situation based on what's best for us and the person we're
says that three companies are currently negotiating with Holland for
projects that would take advantage of the EH-10 offer. Two of the
companies are in Southwest Florida.
Holland Construction also is
currently working on a renovation of the Robert and Beverly Koski
Production Center for the Asolo Theater. The Center's campus,
located at 1009 Tallevast Road in Manatee County, contains approximately
45,000 square feet of space used for production facilities, set
building and costumes and prop collections. The project will provide 12
new jobs during construction, which will be completed in summer 2010.
BMK Architects of Sarasota is designing the renovation. Holland also is
building a law
office on Manatee Boulevard.
Writer: Missy Kavanaugh
Campbell, Holland Construction