AUSTIN -- Texas-sized growth put the Lone Star State in the fourth rank as the friendliest state to black-owned businesses,
in A Piece of the Pie: State of Black Business, eighth edition.
For Kevin Thibodeuax, a Prairie View A&M alumnus and CEO of Kimrick Performance Group, that means going from founding in 2005 to more than $200 million in federal contracts for heavy construction in 2010.
Thanks to an historically underutilized business initiative run by the Controller of Public Accounts, more than $1.4 billion in state and local contracts went to minority businesses.
To insure that black-owned businesses like Kimrick are included in that total, nine state agencies entered into an agreement with nine black chambers of commerce in Texas. There are five HUB Expos where purchasers meet vendors.
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