Holland Construction has devised its own economic stimulus package, called an EF-10, which allows companies with strong credit to choose their own construction financing arrangements, defer fees or establish their own ownership or equity position for a project. "Although we detect a loosening of the equity markets, obtaining adequate financing remains a key obstacle in the initiation and completion of many construction projects," says CEO Joe Holland. "We believe the EF-10 program will offer an attractive and compelling solution to certain companies, and allow them to move forward with their plans. Our ability to successfully implement this plan will benefit end-users, the subcontractor industry and the overall business economy in our local markets." Craig Campbell, vice president of Holland's Florida office, says Holland Construction isn't acting as a financier on every project. "In some cases, yes, we are," he explains. "In other cases, we'll bring in a partner. In other cases, we'll use a bank. It really depends on the deal and what is going on at the time. I don't want to create the perception that we're a bank, because we're not. It's a case-by-case situation based on what's best for us and the person we're working with." Campbell says that three companies are currently negotiating with Holland for projects that would take advantage of the EH-10 offer. Two of the companies are in Southwest Florida. Holland Construction also is currently working on a renovation of the Robert and Beverly Koski Production Center for the Asolo Theater. The Center's campus, located at 1009 Tallevast Road in Manatee County, contains approximately 45,000 square feet of space used for production facilities, set building and costumes and prop collections. The project will provide 12 new jobs during construction, which will be completed in summer 2010. BMK Architects of Sarasota is designing the renovation. Holland also is building a law office on Manatee Boulevard.Writer: Missy KavanaughSource: Craig Campbell, Holland Construction
