Claire Ferrara, president of Standard Heating & Air Conditioning, is proof that Dunwoody College of Technology is not your grandfather's trade school.
And Ferrara, 34, a Dunwoody graduate like her father, from whom she acquired majority ownership of Standard in 2019, also embodies the continued slow opening of the predominantly white-male building trades.
Ferrara is a third-generation owner of the Minneapolis-based company, started by her grandfather in 1930. She succeeded her dad, Ted, 63, who bought out his father in 1977.
"I had to prove that I had the technical knowledge, trade school, the street 'cred' and knew as much the guys," said Ferrara, who studied HVAC technology at Dunwoody and also graduated from St. Catherine University in St. Paul.
Ferrara, who remembers going to the office on Saturdays as a kid to clean and file, worked several years in construction and building management for other companies before joining Standard in 2016 as a sales representative.
Her leadership skills were tested last year by the effects of the COVID-19 pandemic and recession. Last April, amid order cancellations, she believed business could be off by up to 50% for the entire year.
Ferrara borrowed more than $1 million through a Paycheck Protection Program forgivable loan to help make April-May payroll at the 100-employee company. She also laid off a few people. But a mass layoff was averted and, fairly quickly, the company recalled workers as business picked up. By summer, a new trend was clear: Consumers decided to invest in their homes since they couldn't take vacations.
By the end of the year, revenue and employment had actually grown at Standard.