Local Company Clueless about business

Local Company Clueless about business

Posted in the Sawgrass Forum

“Just Add Obama ”

Since: Mar 08

Jacksonville Florida

#1 Jan 30, 2013
Now how in the hell is this business model going to work. You CAN’T grow a business without government monies, everybody has been told this……. Right?

Money would have ben better “”””invested”””” in a homeless shelter or paid to the government for redistribution……LOL!!!!

“Just Add Obama ”

Since: Mar 08

Jacksonville Florida

#2 Jan 30, 2013
Local company gets boost from Shad Khan
Dieselogic gets $1 million dollar loan

A family business on the Westside is getting a boost by Jaguars owner Shad Khan.

Khan offered the owner of Dieselogic, Omar Cueto, a $1 million loan to develop his business.
"I had to look over at my operations engineer, Syd, and I said,'Can you pinch me?' Because I think I'm dreaming,'" Cueto said. "It was very interesting, it was a blessing, it was hard to believe and it took a while to settle in."

Dieselogic sells re-manufactured diesel injectors and fuel systems for the auto repair industry.
For the last five years, Dieselogic's mission has been developing a cutting edge technology that's more environmentally friendly. Since it has devoted all resources to developing the system, getting a traditional loan would have been difficult.

Thanks to a referral from the Jacksonville Chamber of Commerce, Cueto's invention is now in the spotlight.

"It's a big puzzle. Mr. Khan can see through that he sees the technology, sees we're a viable business, and as an entrepreneur to another he can certainly say,'Hey, I think this is something that's very good for the community of Jacksonville,'" Cueto said.

The loan will also help the company to hire 20 employees over the next three years.
"We're hiring a wide range of different jobs. Mostly in the assembly manufacturing line we're hiring engineers, we're hiring some inventory specialists and inside and outside sales," Cueto said.

In the next four months, Dieselogic is moving from its current facility on Lenox Avenue to a new facility on Stockton Street.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Sawgrass Discussions

Title Updated Last By Comments
News St. Augustine 450th Celebration is a go ahead o... Sat Waterwater 1
News Cordova Inn project gets positive vote, but not... Fri Three Cheers 2
Easy Paypal money Aug 28 rbcrews1984 1
The Learning Experience @ Flagler Center Old St... Aug 28 LolaGon84 1
Review: Aesthetic & Family Dentistry - Holly Na... (Sep '10) Aug 26 Dr Holly Nadji 5
What Trump may be prooving Aug 25 Ronald 2
cash paid back to you (Oct '14) Oct '14 Alan 2
More from around the web

Personal Finance

Sawgrass Mortgages