Michigan's Ground Water Industry Employment

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Geographic Range. They are located in Dexter Michigan and have been servicing Washtenaw county and a large area of Southeastern Michigan including Washtenaw, Livingston, Jackson, Lenawee, Monroe, Oakland, Wayne, Ingham and Hillsdale Counties since 1974. Economic Structure of the Organization. Ann Arbor Well Drilling is a small business and the average size, according to the National Well Drilling Association standards, which in a recent document “Michigan’s Ground Water Industry Employment” it is quoted “This portion of the industry is characterized by small firms, many of which are multi-generation family-owned and operated. 331 firms employ an estimated 1,420 people, Annual estimated sales of $375 million” ("National Ground", 2016). Currently, due to the recent buyout of the older brother, Ann Arbor Well drilling is looking to stay in the black and have any net profit it can, so as to start saving to invest in a new or newer drilling rig since the current one is getting to its end of life and requiring increasingly more repairs and there is currently no savings for the down payment. The cost of a new portable drilling rig can range between $750,000 to $950,000 so, financing is usually sought out from local banks and the equipment manufacturers, who charge slightly more interest than the national average, but financing equipment for a small independent business in a seasonally diverse state like Michigan where the weather can affect if or how much work they can complete

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