Hw3 Racing | Application Preview
Hw3 Racing is seeking government grant funding to enhance its business capabilities in the competitive field of metalworking and metal coating, particularly in the automotive sector. The funds will be used to acquire advanced equipment that will improve the business's viability and allow it to better compete with larger companies.
The business plan focuses on expanding the company's CAD capabilities to transition from solely handmade automotive parts to utilizing modern technology for fabrication. This shift will enable Hw3 Racing to produce unique parts that are currently unavailable in the market.
The proposal highlights the potential for local economic impact, as the business aims to attract outside investment and possibly international funding through the growing popularity of grassroots drag racing. The owner has built connections across the country and recognizes significant demand for custom parts that can only be addressed with additional resources.
In terms of competition, Hw3 Racing faces established companies like FCS RACE and Speedfactory Racing, which have strong followings for their custom parts. Additionally, WickFab serves as a supportive resource within the community. Despite this competitive landscape, Hw3 Racing's owner emphasizes a personal connection with customers and a deep understanding of their specific needs, differentiating the business with a more tailored approach.
With over 20 years of fabrication experience and a certified welding background, the owner is committed to meeting customer demands for specialized parts. The requested funding would facilitate faster production times and enhance customer satisfaction, ultimately striving to carve out a niche within the performance automotive market.
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General Information
Business Registration Number: 456-1031549901-02
Location: Sturtevant, WI, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: YES
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Funding Usage
I would like to expand capabilities to help me compete with much bigger business doing similar things. These funds would go to equipment that would make my business much more viable in the market.
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Business Plan
I’d love to continue growing my metalworking and metal coating business to include more CAD capabilities. Hand making automotive parts is great but technology has come a long way and I’ve began to learn to use software to fabricate and make parts. First and foremost I’m a local business that has the ability to have a far reach to bring outside money into the state. I don’t think it’s to ambitious to believe that I could end up bringing international money into the state. Grass roots drag racing is becoming more and more popular and I have connections from all over the country. People want to see me succeed and ask me all the time if I can do certain things that I just can’t do right now. The opportunity is there. I see holes in the market to create parts that are unique. In building my own race car I’ve had to create many one off parts that I couldn’t purchase. There is a market for parts that no one is currently making.
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Self Identified Competition
FCS RACE is a competitor that travels the country and has a great following for their custom made race car parts. Speedfactory racing is another that has an amazing following. They currently hold the record for fastest AWD Honda And last but not least WickFab. Is a smaller shop who has been sort of a mentor and cheerleader for me. All of these businesses I have supported and felt support back. Sure it’s competitive, however everyone wants to see people have their own success. The key is to be who I am and not try to emulate others. I am grass roots. I’ve been a fabricator for roughly 20 years. I was a certified welder in a Previous job. I’m a small guy trying to do big things in the world of drag racing. I can be much more personal with customers. I can listen and really respond to their needs. There is nothing I can’t design or can’t build. Most places offer off the shelf parts that need modification to work for their needs (as I’ve run into myself). I want to hear what people need for specific track car and help them attain their build goals. I’m small enough to make it happen. And the equipment I could purchase with a grant would help me speed up the process to make customers excited and happy
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Contact Applicant
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