Bridge Components Industries Inc. | Application Preview
Bridge Components Industries Inc. is applying for government grants to support its growth and expand its operations beyond Ohio. The company has recently achieved NTPEP (AASHTO) approval, allowing it to branch out into other state DOTs. The funding will be used to purchase additional hydraulic presses, which will enhance production capacity, and to establish an in-house lab for testing, reducing reliance on third-party services.
The business plan involves creating more jobs through additional shifts as production increases and continuing to seek approvals from various DOTs nationwide. Bridge Components emphasizes the unique nature of its custom products, highlighting a lack of competition in its niche market amid rising infrastructure spending.
The company faces competition from three major players: DS Brown, Scougal Rubber, and Tobi Engineering, all of which are larger and manufacture a wider range of products within the bridge industry. In contrast, Bridge Components focuses exclusively on elastomeric bearings, positioning itself as a specialized expeditor in this area. This focus serves as a competitive edge, allowing for faster turnaround times and targeted expertise in elastomeric bearing manufacturing.
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General Information
Business Registration Number: 46-4926568
Location: New Albany, OH, United States
Length of Operation: 11plus
Number of Employees: 1-10 Employees
Annual Gross Income: $1M to $10M
Annual Gross Expense: $500k to $1M
Open to Loans: YES
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Funding Usage
Throughout our history we have mainly conducted business in Ohio and for ODOT. In recent years we have become NTPEP (AASHTO) approved and have started branching our business into other states DOT's. We would be using these funds to increase production to continue our growth.
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Business Plan
We will purchase 1-2 more hydraulic presses to increase production along with create employment with additional shifts as needed. We will also create our own LAB to conduct all necessary testing for our product instead of using third party testing as we currently do. We will also continue to gain approvals across the country with additional DOT's. Because of the custom nature of our product, and the difficulty in manufacturing and testing of our product, there's not a lot of competition in our industry. With the increase in infrastructure spend, we are a much needed entity for our country to maintain and build our bridges in the years to come.
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Self Identified Competition
3 Major Competitors: DS Brown Scougal Rubber Tobi Engineering All 3 are larger companies than ours and manufacturer multiple products for the bridge industry and more. We're the only manufacturer that only concentrates on elastomeric bearings. A lot of times we're considered the expedite elastomeric manufacturer due to us have a sole concentration on one product.
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Contact Applicant
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