MBDA Business Expertise Opens Doors to New Capital
Swain Techs provides cybersecurity, model & simulation, engineering and information management solution services. When Swain Techs wanted to expand their business, the Philadelphia MBDA Business Center was there to help identify target clients in the public and private sectors. The MBDA also provided management consulting, business development services, and helped identify financing sources for working capital.
These efforts resulted in Swain Techs securing a $3.9 million contract with the U.S. Department of Health and Human Services, saving 6 jobs and creating 4 others.
|Minority Business Community At-A-GlanceA|
|Business Owner||Number of Firms||Gross Receipts ($1000s)||Average Gross Receipts||Paid Employees|
|American Indian & Alaska Native||2,858||373,625||130,730||1,552|
|Native Hawaiian & Pacific Islander||410||28,767||70,163||250|
|MBDA CLIENT ASSISTANCE BY SECTOR|
|ï»¿||Private Sector||Federal Government||State Government||Local Government||Not Disclosed||Total|
|Dollar Value of Contracts||$21,535,235||$10,716,038||$2,100,000||$1,357,040||$360,961||$36,069,274|
|Dollar Value of Capital||2,787,000||–||1,550,000||–||24,000||$4,361,000|
|Number of Contracts||12||7||1||2||1||23|
|Number of Capital Transactions||14||–||1||–||1||16|
|ï»¿MBDA CLIENT ASSISTANCE BY INDUSTRY|
|Number of Transactions||Value of Transactions|
|Finance, Insurance & Real Estate||3||1,592,000|