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Continued: St. Anthony: After 40 years, bike entrepreneur is still on a roll

  • Article by: NEAL ST. ANTHONY , Star Tribune
  • Last update: May 12, 2013 - 9:25 PM

QBP pays out up to 12 percent of wages annually in bonuses, reinvests up to 25 percent of gross profit in the business and contributes 6 percent to promote bicycling. It also supports a Minneapolis nonprofit shop called Full Cycle that teaches needy kids business skills and how to repair bikes.

Flagg recently became the majority investor in a small California “e-tailing” company that he envisions as a way for bicyclists anywhere to quickly get on the web and search for bikes and parts and immediately be directed to the closest independent retailers.

Neren says that’s a classic example of how Flagg is trying to expand the market in a way that will benefit QBP through additional business for his independent bicycle shop customers.

 

Neal St. Anthony • 612-673-7144



 

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  • Rep. Erik Paulsen, R-Minn., got a look at Quality Bike Products’ wheel production area with worker Jake Johnson.

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  • Jake Johnson, a production associate in the wheel house, eyeballed a fat-tire rim on the production line. QBP’s energy-efficient building borders Bloomington’s Hyland Park Reserve and boasts 36-foot-high ceilings and about 30,000 different bike parts.

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