Sparked Innovations | Application Preview
Sparked Innovations seeks government grant funding to support its expansion plans. The company aims to construct a second floor to increase workshop space by 25% and install essential fixtures like wash stations, lighting, and power sources to enhance operational efficiency. Additionally, they plan to hire one to five new employees over the next few years, expanding their workforce while providing necessary training and resources.
Their business strategy involves introducing new product SKUs and launching multiple products in the upcoming year. Sparked Innovations intends to upgrade its production capacity through new machinery and techniques while adding OEM products to diversify output. They have recently expanded distribution to Canada and plan to enter additional international markets.
The company emphasizes its U.S. roots, innovative designs, and commitment to ethical practices, highlighting their potential to create jobs and contribute to the local economy. Sparked Innovations believes its unique product offerings set it apart from competitors, positioning them for future growth even as they branch into more mainstream markets.
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General Information
Business Registration Number: 82-2041908
Location: Colmar, PA, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: $100k to $250k
Annual Gross Expense: Less than $100k
Open to Loans: YES
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Funding Usage
We wish to secure funding to help us expand. We plan to build a 2nd floor to increase workshop floor-space by 25%. We also wish to install fixtures such as wash stations, lighting, and power to help us increase efficiency and output. We also plan to add more employees and need to make the space, and training available to them.
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Business Plan
We plan to add one to five more employees over the next few years as to increase yield. We are adding more product SKUs and releasing multiple new products throughout next year and beyond. We plan to increase our production capability with new machinery and production techniques. We are taking on OEM products as to produce more goods alongside our branded products. We recently added distribution in Canada and plan to add more countries in the coming years. We are a new, and growing, U.S. based company designing and manufacturing unique goods. We have goals to grow our team and bring more jobs, as well as revenue, into the area for many years. We take pride in our product innovations, business ethics, and warm-heartedness in our brand.
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Self Identified Competition
Being that we design and produce unique items, we don't really have competition. We will expand out into less unique, commodity type products in the future, but there is plenty of room for us to offer products in our own way. Being that we design and produce unique items, we don't really have competition. We will expand out into less unique, commodity type products in the future, but there is plenty of room for us to offer products in our own way.
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