$11 Million Contract Yields Premium Healthcare Equipment for Olive Branch
When the Memphis MBDA Business Center learned about a major construction project, they sprang in to action to ensure that the prime contractor, Turner Construction, had the right contractors to complete the job. The Center organized and hosted a matchmaking event for Turner Construction, bringing in a number of MBDA clients to present bids for the project. As a result, Gipson Mechanical Contractors was awarded an $11 million contract to provide plumbing, electrical and HVAC for the Methodist Olive Branch Hospital in nearby Olive Branch, MS. With the expertise of Gipson Mechanical Contractors, the hospital will be one of the few healthcare facilities in the country to use water source heat pumps, an efficient technology, to heat and cool the hospital.
Gipson Mechanical Contractors, founded in 1988 by Winston S. Gipson and one of the first clients of the Memphis MBDA Business Center, is a leading full service mechanical systems contractor with offices in Memphis and Nashville.
"Through the services provided, we were able to bid and secure over $11 million in revenues which will play an integral part in supporting our growth strategy," said Winston S. Gipson, President. The contract award created 70 new jobs with workers from the Memphis metropolitan area.
| Minority Business Community At-A-GlanceA | ||||
| Business Owner | Number of Firms | Gross Receipts ($1000s) | Average Gross Receipts | Paid Employees |
| African American | 45,726 | $2,995,787 | $65,516 | 16,409 |
| American Indian & Alaska Native | 2,708 | 653,502 | 241,323 | 1,963 |
| Asian American | 11,178 | 3,575,270 | 319,849 | 26,402 |
| Native Hawaiian & Pacific Islander | 415 | 12,845 | 30,952 | Data not released |
| Hispanic American | 8,700 | 1,775,137 | 204,039 | 12,074 |
| All Minority | 68,218 | 9,121,109 | 133,705 | 57,185 |
| MBDA CLIENT ASSISTANCE BY SECTOR | ||||||
|  | Private Sector | Federal Government | State Government | Local Government | Not Disclosed | Total |
| Dollar Value of Contracts | $17,139,639 | – | – | – | – | $17,139,639 |
| Dollar Value of Capital | 126,771 | – | – | – | – | $126,771 |
| Number of Contracts | 5 | – | – | – | – | 5 |
| Number of Capital Transactions | 3 | – | – | – | – | 3 |
| TOTAL TRANSACTIONS | 8 | – | – | – | – | 8 |
| MBDA CLIENT ASSISTANCE BY INDUSTRY | ||
| Number of Transactions | Value of Transactions | |
| Construction | 2 | $81,971 |
| Manufacturing | 2 | 12,442,711 |
| Services | 2 | 4,646,928 |
| Wholesale Trade | 2 | 94,800 |
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