A Focus on Sustainable and Renewable Energy Solutions in the New Economy
The year of 2009 brought important transformation to the business services offered by Growth Design Corporation with the emergence of new leadership and new resource solutions around sustainable and renewable energy.
In 2010, the company will be working extensively in new renewable energy markets in partnership with rural electric cooperatives to provide enterprise-based resource solutions to the biodiesel and ethanol biofuels industries to strengthen their current business models as well as to promote rural economic development in the communities they serve.
We will also continue to work with our traditional not-for-profit client-base around the development Centers for Environmental Stewardship© that will bring enterprise, environmental education and job creation opportunities to them in the area of renewable and sustainable energy.
· GDC has entered into strategic business alliances for legal, accounting and project capitalization services to support the development, financing and implementation of biodiesel – Center projects throughout the United States as well as selected global market locations.
· The work of the corporate energy divisions will be complemented by subsidiary LLCs formed around specific biodiesel refinery projects connected to ethanol and biodigester bio-energy campuses.
GDC will maintain majority ownership positions in some of these LLC-based projects while holding Mcgyan licenses in partnerships with independent LLC projects. In both cases, revenues will flow up to GDC (the parent C corporation).
· The demand for integrated alternative energy technologies solutions (as represented in our Centers) is positioning GDC in exciting new national and international markets such as: rural and other rural-focused cooperatives; ethanol plants and biodiesel refineries; global retailing and food processing companies; and major higher education, health care, and social services NFP organizations.
2010 Business Strategies: GDC Progress to Date
· The Corporate Conference Center in Forest City, Iowa is operational with our energy division (Energy Development Group and Energy Management Group) using these facilities as their base of operations.
· The GDC offices in Milwaukee, Wisconsin will continue to be the main office for our traditional business services operations as well as housing our “back office” financial, production and other support services.
· The development of the GDC owned Mt. Valley biodiesel refinery is moving forward with the approval of the zoning variance by Winnebago County with the potential for a Tax Increment Financing (TIF) designation.
Preliminary engineering study work will begin in mid-February, 2010 with a construction start in late March. GDC is also finalizing several grants and guaranteed loans from the Iowa Power Fund, the Iowa Department of Economic Development, and the USDA.
· A Letter of Intent (LOI) to develop a biodiesel refinery at the Otter Tail Ag ethanol plant in Fergus Falls, MN has been approved by their board and a LLC formed to manage the development, construction and operation of the refinery. In addition, a 20-year agreement to secure biodiesel feedstock (distillers corn oil) at below commodity market prices has also been secured as part of the LOI.
The project is scheduled to start construction in March 2010 with the installation of a GDC-owned centrifuge for corn oil recovery from the ethanol waste stream.
· The LOI for the development of a Mcgyan Process® technology-based biodiesel refinery as part of the Fort Bravo Travel Center in Fort Myers, Florida has been finalized.
Working in partnership with the Florida development investor group for Fort Bravo GDC will hold the license for the Mcgyan