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FY2012 Tennessee


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Highlights

$11 Million Contract Yields Premium Healthcare Equipment for Olive Branch

When the Memphis MBDA Business Center learned about a major construction project, they sprang in to action to ensure that the prime contractor, Turner Construction, had the right contractors to complete the job. The Center organized and hosted a matchmaking event for Turner Construction, bringing in a number of MBDA clients to present bids for the project. As a result, Gipson Mechanical Contractors was awarded an $11 million contract to provide plumbing, electrical and HVAC for the Methodist Olive Branch Hospital in nearby Olive Branch, MS. With the expertise of Gipson Mechanical Contractors, the hospital will be one of the few healthcare facilities in the country to use water source heat pumps, an efficient technology, to heat and cool the hospital.

Gipson Mechanical Contractors, founded in 1988 by Winston S. Gipson and one of the first clients of the Memphis MBDA Business Center, is a leading full service mechanical systems contractor with offices in Memphis and Nashville.

"Through the services provided, we were able to bid and secure over $11 million in revenues which will play an integral part in supporting our growth strategy," said Winston S. Gipson, President. The contract award created 70 new jobs with workers from the Memphis metropolitan area.

Jobs

Performance





Minority Business Community At-A-GlanceA
Business Owner Number of Firms Gross Receipts ($1000s) Average Gross Receipts Paid Employees
African American  45,726 $2,995,787 $65,516 16,409
American Indian & Alaska Native  2,708 653,502 241,323 1,963
Asian American  11,178 3,575,270 319,849 26,402
Native Hawaiian & Pacific Islander  415 12,845 30,952 Data not released
Hispanic American  8,700 1,775,137 204,039 12,074
All Minority  68,218 9,121,109 133,705 57,185






MBDA CLIENT ASSISTANCE BY SECTOR
 Private Sector Federal Government State Government Local Government Not Disclosed Total
Dollar Value of Contracts  $17,139,639 –  –  –  –  $17,139,639
Dollar Value of Capital  126,771 –  –  –  –  $126,771
Number of Contracts  5 –  –  –  –  5
Number of Capital Transactions  3 –  –  –  –  3
TOTAL TRANSACTIONS  8 –  –  –  –  8



MBDA CLIENT ASSISTANCE BY INDUSTRY  
  Number of Transactions Value of Transactions
Construction  2 $81,971
Manufacturing  2 12,442,711
Services 2 4,646,928
Wholesale Trade 2 94,800

 

» Download FY2012 Report for Tennessee

» Download FY 2012 Annual Report

» References

Did you know...

MBDA Minority Business Centers helped clients obtain capital totaling $4.76 billion during the last 5 fiscal years.
Graph for Dollar Value of Capital

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