Heartwood Pacific's Federal Contracting Program Grows Exponentially
Heartwood Pacific, LLC, a general contracting firm, has worked on federal construction projects throughout Hawaii, as well as on the U.S. mainland for a decade. However, when they decided to partner with the Honolulu MBDA Business Center, the firm experienced tremendous growth in capacity and federal contract opportunities.
The MBDA worked with Heartwood Pacific to grow its bonding capacity to $15 million for single projects and up to $25 million in aggregate, increasing their ability to win larger contracts, and creating more jobs. Heartwood has been responsible for a number of federal projects including two at Volcano National Park.
"Since 2006, we have worked with the MBDA to assist us with our federal contracting program. Their support and confidence that Heartwood could be a successful federal contractor led us to submit our first federal competitive proposal. Since that time, we have completed over 40 federal projects with the MBDA's assistance," said F. Michael Singer, Managing Member.
|Minority Business Community At-A-GlanceA|
|Business Owner||Number of Firms||Gross Receipts ($1000s)||Average Gross Receipts||Paid Employees|
|American Indian & Alaska Native||1,548||317,548||205,134||1,301|
|Native Hawaiian & Pacific Islander||11,403||2,378,963||208,626||16,197|
|MBDA CLIENT ASSISTANCE BY SECTOR|
|ï»¿||Private Sector||Federal Government||State Government||Local Government||Not Disclosed||Total|
|Dollar Value of Contracts||$11,311,852||$10,397,222||$440,763||–||$12,900||$22,162,738|
|Dollar Value of Capital||39,885,000||–||–||–||–||$39,885,000|
|Number of Contracts||127||46||4||–||1||178|
|Number of Capital Transactions||61||–||–||–||–||61|
|ï»¿MBDA CLIENT ASSISTANCE BY INDUSTRY|
|Number of Transactions||Value of Transactions|