Duluth Growth Company records
Scope and Contents
The collection consists of annual reports (1984, 1985), balance sheets (1984-1986) and statement of operation to the shareholders from 1983-1988.
Dates
- 1983-1988
Conditions Governing Access
Open for use in the Kathryn A. Martin Library, Archives and Special Collections.
Conditions Governing Use
This collection may be protected by the Copyright Law of the United States (Title 17, U.S. Code). It is the user's responsibility to verify copyright ownership and to obtain all necessary permissions prior to the reproduction, publication, or other use of any portion of these materials. Researchers may quote from the collection under the fair use provision of the copyright law.
Biographical / Historical
The Duluth Growth Company was organized as a corporation under the laws of the State of Minnesota on April 1, 1983, for the purpose of purchasing or otherwise investing in existing businesses which possessed potential growth and relocating these businesses, where necessary or appropriate, to the Duluth, Minnesota area. The Company's wholly-owned subsidiary, DGC Capital Company, was incorporated as Small Business Investment Company to assist small businesses through dept or equity financing. Board of Directors in 1983 were: Dr. Peter L. Boman, Dennis W. Dunne, Manley M. Goldfine, Joel Labovitz, William E. NeNeau, Mary E. Olson, Jack F. Rowe, Stanley E. Salzman, Arend J. Sandbulte, Vlasie Solon, and Jerry H. Udesen. In 1984, Joel Labovitz was chairman and Jerry H. Udesen president and CEO. In 1985, Arend J. Sandbulte was secretary. In September, 1987, the publicly traded firm closed its principal business, a money-losing fishing tackle manufacturer, The Weller Company, 525 Lake Avenue South, Duluth, and later sold it to NAC Inc., which assumed $652,000 in debts in the transaction. Duluth Growth Company dissolved in 1988.
Extent
1.00 Linear Inches
Language of Materials
English
Abstract
The collection consists of annual reports (1984, 1985), balance sheets (1984-1986) and statement of operation to the shareholders from 1983-1988.
Physical Location
This collection is located at the University of Minnesota Duluth Archives. For more information about this collection or to make an appointment, contact us at libarchives@d.umn.edu or 218-726-8526.
General
This collection is part of the Northeast Minnesota Historical Collections, which are housed in the University of Minnesota Duluth Archives at the Kathryn A. Martin Library.
- Business Subject Source: Library of Congress Subject Headings
- Corporations Subject Source: Library of Congress Subject Headings
- Duluth (Minn.) Subject Source: Library of Congress Subject Headings
- Title
- Guide to the Duluth Growth Company records
- Author
- Finding Aid Authors: P. Maus.
- Description rules
- Describing Archives: A Content Standard
- Language of description
- English
- Script of description
- Latin
Collecting Area Details
Contact The University of Minnesota Duluth Archives and Special Collections Collecting Area
Kathryn A. Martin Library
University of Minnesota Duluth
416 Library Drive
Duluth MN 55812-3001
(218) 726-8526
libarchives@d.umn.edu