FY2012 Minnesota

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North Metro Asphalt Revenue Nearly Doubles in Just One Year.

North Metro Asphalt LLC was a small but experienced contractor with opportunity for growth but lacking the capital equipment and cash flow needed to support multiple project awards.

The Minneapolis MBDA Business Center provided business consulting in the areas of marketing and financial planning that resulted in $1.9 million in capital and $480,000 in contract awards. Forty jobs were created and 10 retained. Since working with the MBDA, the company has grown from $1.9 million in annual sales in 2011 to $3.4 million at the close of 2012.



Minority Business Community At-A-GlanceA
Business Owner Number of Firms Gross Receipts ($1000s) Average Gross Receipts Paid Employees
African American  12,454 $917,611 $73,680 10,476
American Indian & Alaska Native  2,890 538,135 186,206 4,180
Asian American  11,371 2,356,867 207,270 16,950
Native Hawaiian & Pacific Islander  Data not available Data not available N/A Data not available
Hispanic American  5,002 1,609,830 321,837 5,970
All Minority  31,074 5,524,673 177,791 37,805
 Private Sector Federal Government State Government Local Government Not Disclosed Total
Dollar Value of Contracts  $31,099,116 $18,134,627 $13,798,657 $17,574,142 –  $80,606,542
Dollar Value of Capital  5,713,638 –  –  –  –  $5,713,638
Number of Contracts  35 7 5 9 –  56
Number of Capital Transactions  26   –  –  –  26
TOTAL TRANSACTIONS  61 7 5 9 –  82
  Number of Transactions Value of Transactions
Construction  46 $41,460,243
Manufacturing  1 100,000
Mining 1 500,000
Retail Trade 2 378,000
Services 12 3,109,484
Transportation, Warehousing & Public Utilities 5 5,304,007
Wholesale Trade 12 35,468,446


» Download FY2012 Report for Minnesota

» Download FY 2012 Annual Report

» References

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