AXIS LED GROUP, LLC | Application Preview
AXIS LED GROUP, LLC is seeking government funding to establish an assembly plant in the Chicago, IL area dedicated to manufacturing LED fixtures specifically for U.S. government facilities. The business plan involves setting up a small factory with approximately 15-20 employees, which will enable them to assemble their products domestically. Additionally, they aim to expand their sales team to enhance market reach.
The rationale for approving the funding hinges on the fact that the U.S. government has only completed about 10% of its lighting projects across various facilities. Given the government's mandate to enhance energy efficiency, lighting upgrades are a pivotal step in achieving these energy-saving goals.
In terms of competition, AXIS faces established firms like Acuity Lighting, Eaton Corp, and Cree. However, their competitive advantage lies in their unique assembly approach that utilizes Federal prisoners, significantly reducing overhead costs. This allows AXIS to offer lower prices to customers while maintaining high-quality LED products sourced globally, known for their low failure rates. Furthermore, their streamlined operations enable quicker product integration compared to larger competitors encumbered by extensive corporate processes.
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General Information
Business Registration Number: 47-1405129
Location: Chicago, IL, United States
Length of Operation: 5
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
to open up an assembly plant in the Chicago IL area to assemble the LED fixtures to sell to US government faclities
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Business Plan
Create a small factory in IL with approx. 15-20 employees to assemble our products to sell to US government facilities. Expand our sales team The US government has only done approx. 10% of its entire lighting for all government facilities. There is a government mandate to save energy and lighting is one of the first things that they do for energy savings.
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Self Identified Competition
Acuity Lighting Eaton Corp Cree We currently use Federal prisoners to assemble our products for us. Thus, this keeps our overhead low, so we are able to pass that savings onto the customers for low pricing. We have the top of the line LED products that we source from all over the world that have extremely low failure rates. We don't have a lot of corporate tape to get new products into our system like these other companies.
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Contact Applicant
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