Ernst Names Small Business of the Week, Mike Molstead Motors

RED OAK, Iowa – U.S. Senator Joni Ernst (R-Iowa), Chair of the Senate Small Business Committee, today announced her Small Business of the Week: Mike Molstead Motors of Floyd County. Throughout the 119th Congress, Chair Ernst plans to recognize a small business in every one of Iowa’s 99 counties.

“Mike Molstead built a successful family-owned and operated business by keeping his community in the driver's seat,” said Chair Ernst. “Today, under the leadership of Mike’s four sons, Molstead Motors continues to fuel folks in north Iowa one vehicle at a time by focusing on personalized financing, real-time market pricing, and top-tier auto repair and detail servicing. As Mike continues his 25-year battle with lung cancer, my thoughts and prayers are with him and the entire Molstead family.”

In 1982, while attending the University of Northern Iowa and playing football, Mike Molstead began selling cars at a local dealership in Cedar Falls. He worked his way up to general sales manager before deciding to start his own dealership. In 1995, Mike opened Mike Molstead Motors in Charles City. Over the years, the business has expanded from selling primarily General Motors vehicles to a full-service dealership that sells, services, and details Chrysler, Dodge, Jeep, Ram, GMC, and Ford vehicles across two locations. Today, Mike and his four boys, Josh, Jordan, Jackson, and Jared, along with many other family members, work together to run the company. This month, Mike Molstead Motors will celebrate its 30^th anniversary.

Stay tuned as Chair Ernst recognizes more Iowa small businesses across the state with her Small Business of the Week award.

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