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Motorhome manufacturer Winnebago Industries Inc. has around $800 million in annual sales and it is expected to reach $1 billion in sales in about three years, but that does not disqualify the company from being named to the U.S. Small Business Administration (SBA) Hall of Fame.
Ex Girlfriend Still Wants To Be Friends 3 Years Winnebago, founded by a Forest City, Iowa, investor group led by the late John K. Hanson, opened for business as Modernistic Industries of Iowa with 17 employees in 1958.
The company received an SBA loan for $75,000 in 1960 and a $390,000 SBA loan in 1965 to help pay for replacing its factory, which was destroyed by fire in 1964.
The firm’s name was changed to Winnebago Industries in 1961 and, said Bruce Hertzke, chairman, president and CEO, “We are very thankful for the SBA’s assistance in our formative years and truly grateful for the opportunities it provided for Winnebago Industries to grow to become the leader in the motorhome industry.”
Winnebago Industries now employs 3,700 people in Forest City, Charles City, Hampton and Lorimor, Iowa, making it one of northern Iowa’s largest employers, Hertzke said.
Its Forest City manufacturing complex has grown to 2.7 million square feet of production space under one roof.
Winnebago Industries will be honored during the SBA Hall of Fame induction ceremony next Friday (Sept. 19).

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