FY2012 New Mexico

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MBDA Facilitates Capital for Mountain Air Helicopters

Mountain Air Helicopters has been a client of the Albuquerque MBDA Business Center for 10 years. In FY 2012, they helped restructure Mountain Air's accounting methods to accurately reflect the company's net worth and net operating income. This enabled the owner, Dwight Jones, to secure a $4.1 million loan for the purchase of two new helicopters, and add two pilots and one mechanic to his crew.

Dwight Jones' love of flight and entrepreneurial spirit drove him to start Albuquerque-based Mountain Air Helicopters. Like most minority-owned businesses, getting off the ground was difficult due to repeated denials for business loans.

"The Albuquerque MBDA Business Center has been a key factor contributing to our growth and success. When we first came to the MBDA for help we operated with one leased helicopter because we could not raise enough capital to purchase one. We now own ten!" said Dwight Jones, President, Mountain Air Helicopters.



Minority Business Community At-A-GlanceA
Business Owner Number of Firms Gross Receipts ($1000s) Average Gross Receipts Paid Employees
African American  1,943 $432,037 $222,356 1,759
American Indian & Alaska Native  8,313 697,166 83,865 3,828
Asian American  3,321 1,105,332 332,831 10,739
Native Hawaiian & Pacific Islander  134 7,700 57,463 91
Hispanic American  37,195 6,514,745 175,151 50,021
All Minority  48,976 8,639,040 176,393 65,131


 Private Sector Federal Government State Government Local Government Not Disclosed Total
Dollar Value of Contracts  $2,513,199 $22,638,002 –  $24,775,160 –  $49,926,361
Dollar Value of Capital  36,781,847 7,693,638 –  3,412,437 –  $47,887,922
Number of Contracts  5 20 –  7 –  32
Number of Capital Transactions  16 3 –  1 –  20
TOTAL TRANSACTIONS  21 23 –  8 –  52


  Number of Transactions Value of Transactions
Agriculture, Forestry, Fishing & Hunting 4 $1,905,426
Construction 33 49,287,485
Finance, Insurance & Real Estate 1 3,412,437
Mining 1 1,244,056
Retail Trade 1 23,294,118
Services 11 14,570,761
Transportation, Warehousing & Public Utilities 1 4,100,000


» Download FY2012 Report for New Mexico

» Download FY 2012 Annual Report

» References

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