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With Help from MBDA, South Carolina Firm Secures $20 Million Contract and Creates more than 80 Jobs


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“The on-going assistance we have received from the MBDA Business Center in Columbia has been invaluable.  The Columbia MBDA Business Center has guided us for several years now, advising us on business strategies, providing procurement assistance, and suggesting traditional and alternative routes to accessing capital.  We have grown to be the largest minority-owned construction and landscaping firm in South Carolina, and I credit much of that growth to the services provided by Columbia’s MBDA Business Center.” Dr. Louis B. Lynn, President

Company Name:

ENVIRO AgScience, Inc.
   
Industry Sector: Construction and Landscaping
   
Results of MBDA Assistance: $20 Million Contract
$3 Million Capital

82+ Jobs Created and/or Retained
   
MBDA Support: Access to Contracts
Access to Capital
Access to Markets
Strategic Business Consulting

 

Thanks to counseling from the MBDA Business Center in Columbia, ENVIRO AgScience, Inc. received a $3 million line of credit from one of the Columbia MBDA Business Center’s strategic partners. The capital has opened up opportunities for ENVIRO to partner with larger construction firms bidding on high-level projects, both as a prime contractor and subcontractor. The Columbia MBDA Business Center also assisted ENVIRO with a $20 million project, offering counseling and help in identifying subcontractors as part of the construction of a $70 million battery recycling plant located in Florence, SC. The contracts helped to create/retain 82 jobs; and ENIVRO’s work with its subcontractors resulted in creating and retaining approximately 400 jobs.

Contact the Columbia MBDA Business Center to learn more about the center and this success story.

Posted on December 10, 2012

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