The U.S. Department of Transportation’s (USDOT), Office of Small and Disadvantaged Business Utilization (OSDBU) is proud to highlight AC Concrete Enterprise, Inc. and Hester Concrete Services, LLC’s surety bonding success through joint venturing.
Aaron Ferguson, President of AC Concrete Enterprise, Inc.
AC Concrete Enterprise, Inc. and Hester Concrete Services, LLC are two Jacksonville, FL based companies with more than 10 years of combined concrete construction experience. The firms specialize in concrete professional services, sidewalk/driveway construction, and flatwork. In an effort to increase their bonding capacity, they participated in OSDBU’s Bonding Education Program (BEP).
On March 7, 2017, OSDBU’s Southeast Regional Small Business Transportation Resource Center (SBTRC) implemented a BEP centered around the Jacksonville Regional Transportation Center (JRTC) Phase Two project. During this BEP, these firms learned they could become more prosperous by joint venturing to increase their surety bonding capacity. Prior to the BEP, AC Concrete Enterprise, Inc.’s surety bonding capacity was $5,000. Hester Concrete Services, LLC’s surety bonding capacity was $200,000. At the end of the BEP the two companies obtained a surety bonding capacity of $500,000 as a joint venture.
“This program was very helpful and it really helps small businesses like mine to succeed” – Aaron Ferguson, President of AC Concrete Enterprise, Inc.
“I think the USDOT’s BEP is a great program for small businesses. It can teach small businesses to join together on big projects that will help employ a lot of people in the community. I am happy to be a part of this opportunity!” – Terry Hester, President of Hester Concrete Services, LLC
The Miami-Dade College serves as OSDBU’s Southeast Region SBTRC. The SBTRC provides services to small businesses in the transportation industry in the states of Alabama, Florida, Puerto Rico, and the U.S. Virgin Islands. For more information on the SBTRC, please click here.