Archive for November, 2013

Miracle Tools – Business Expansion

Posted in Projects with tags , , , , , on November 19, 2013 by Tory Brecht

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7739 Northwest Boulevard

Total Investment: $1.5 million
Public Investment: TBD (still being negotiated)
Projected jobs created: 15-20 within 5 years
Completion Date: Late spring 2014

Miracle Tools building on Northwest Boulevard

Miracle Tools, maker of industrial drill bits used in the aerospace, automobile, implement and other industries, is another quiet advanced manufacturing All-Star headquartered in Davenport. The company – which is  jointly owned by MA Ford of Davenport and Japanese industrial giant Mitsubishi Materials Corp. – is planning an expansion that will nearly double its factory floor.

A combination of increased demand as the world economy continues to recover as well as the desire by many U.S.-based manufacturers to use “Made in the U.S.A.” products, is driving the need to expand, said Ryan DeBarr, plant and engineering manager.

Ground was broken Monday on the 15,000 square foot expansion to the north of the existing building. This will bring the total factory square footage to 42,000 sf.

Work has begun on Miracle Tool's expansion in Davenport

DeBarr said the company will need to hire additional CNC operators and grinders when work is finished in late spring of 2014. The company currently employs 71. Nearly the entire new space will be devoted to additional work areas on the factory floor. Miracle Tools does not sell its specialty industrial tools. Rather, it sells directly to MA Ford and Mitsubishi, which handles transportation, logistics and outside sales.

Factory floor of miracle tools

Abernathy’s (new business)

Posted in Projects with tags , , , on November 6, 2013 by Tory Brecht

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314 E. 2nd Street

Total Investment: $25,900
Total Public Investment: $12,000 small business loan from City of Davenport
Private Funds Leveraged: $13,900
Status: Opening Nov. 9
Projected jobs created: 3

Abernathy's is a new vintage clothing store on 2nd Street

Downtown Davenport continues to be a destination spot for hip new business start-ups. Becca Clark and Nicole Adams – co-proprietors and first time business owners – are opening a vintage and hand-made clothing and jewelery store in a formerly vacant storefront on 2nd Street.

They describe their inventory as “unconventionally rustic apparel and accessories for the eclectic soul” and their store’s physical aesthetic matches that sense of style with cool dressing rooms made out of antique doors, unique art and quirky household items from many different decades.

Eclectic clothes and accessories, as well as decor, are featured at Abernathy's

Clark and Adams both have extensive experience in retail management, having been managers at the former 4 Miles 2 Memphis independent clothing store in LeClaire, which recently moved to Chicago. The pair decided to strike out on on their own rather than follow their boss to the Windy City, and chose downtown Davenport because of the growth and potential they see there.

“Our business and demographic market are blossoming at the same time downtown Davenport is blossoming, especially with all the people moving in down here,” said Clark. “We think of this as a lifestyle shop. A place for everything that’s eclectic and interesting.”

The brick building dates to the turn of the 20th century, and originally was a medical clinic. It most recently housed a Vera French clinic, but has been empty for several years. Abernathy’s has around 2,000 square feet of space, including a studio where Clark and Adams enhance clothes and create jewelry.

The grand opening is scheduled for Saturday, Nov. 9, when the store will be open from 11 a.m. to 7  p.m. The store will have regular evening hours to attract downtown residents returning home from work. There will be an open house with food from 4 p.m. to 7 p.m. during the grand opening.

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