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 |
| MBDA CLIENT ASSISTANCE BY SECTOR | ||||||
|  | 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 |
| MBDA CLIENT ASSISTANCE BY INDUSTRY | ||
| 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
Performance’
Published on: 19/04/2017
