Export Assistance Leads to $1 Million Contract
TIG/m, LLC is a California railcar manufacturer founded by Alvaro Villa in 2005, which generates 100% of its revenue from exports. Since becoming a MBDA client in 2010, TIG/m has doubled its annual revenue and is positioned for exponential growth in FY2013.
Mr. Villa was interested in bidding on a contract to build railcars for the government of Aruba when he asked the Los Angeles MBDA Business Center for help demonstrating to Aruban officials that TIG/m had the capacity they needed. The Los Angeles MBDA Business Center obtained a letter of recommendation based on past performance from the Mayor and TIG/m was awarded a $1 million contract to build a railcar for export to Aruba.
Subsequently, when the government of Aruba required bonding, the Los Angeles MBDA Business Center brokered a letter of credit from Commercial Bank for 10% bonding, enabling TIG/m to bid on the project, which it ultimately won. Fifteen new jobs were created and 10 retained as a result.
| Minority Business Community At-A-GlanceA | ||||
| Business Owner | Number of Firms | Gross Receipts ($1000s) | Average Gross Receipts | Paid Employees |
| African American | 137,891 | $18,419,879 | $283,713,234 | 85,263 |
| American Indian & Alaska Native | 45,569 | 4,648,919 | 102,019 | 20,813 |
| Asian American | 508,969 | 181,251,058 | 356,114 | 905,957 |
| Native Hawaiian & Pacific Islander | 9,174 | 1,136,638 | 123,898 | 5,987 |
| Hispanic American | 566,573 | 80,319,100 | 141,763 | 458,922 |
| All Minority | 1,220,581 | 283,713,234 | 232,441 | 1,471,933 |
| MBDA CLIENT ASSISTANCE BY SECTOR | ||||||
|  | Private Sector | Federal Government | State Government | Local Government | Not Disclosed | Total |
| Dollar Value of Contracts | $70,786,679 | $20,822,663 | $5,128,851 | $18,110,930 | $12,556 | $114,861,680 |
| Dollar Value of Capital | 116,299,332 | 1,500,000 | 560,000 | 8,500,000 | – | $126,859,332 |
| Number of Contracts | 79 | 21 | 6 | 10 | 1 | 117 |
| Number of Capital Transactions | 450 | 1 | 2 | 3 | – | 456 |
| TOTAL TRANSACTIONS | 529 | 22 | 8 | 13 | 1 | 573 |
| MBDA CLIENT ASSISTANCE BY INDUSTRY | ||
| Number of Transactions | Value of Transactions | |
| Agriculture, Forestry, Fishing & Hunting | 8 | $9,688,583 |
| Construction | 494 | 140,652,368 |
| Finance, Insurance & Real Estate | 9 | 32,384,622 |
| Manufacturing | 15 | 32,384,622 |
| Mining | 1 | 12,556 |
| Retail Trade | 2 | 3,891,000 |
| Services | 25 | 31,844,119 |
| Transportation, Warehousing & Public Utilities | 7 | 3,573,500 |
| Wholesale Trade | 12 | 2,041,322 |
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