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IO Environmental Infrastructure

“When the federal budget sequestration hit in 2015, 85% of our federal revenue dried up overnight and many of our competitors went out of business. It is not an overstatement…

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“When the federal budget sequestration hit in 2015, 85% of our federal revenue dried up overnight and many of our competitors went out of business. It is not an overstatement to say that the SBDC kept us in business.”

-Mike Bilodeau, CEO

Client Impact:

Areas of Assistance:

  • New Jobs: 20 Full Time

  • Securing Contracts

  • Government Contracts: $86.2 Million

  • Finding Buyers

  • Capital Infusion: $750,000

  • Hiring New Employees

  • Obtaining Funding

The federal budget sequestration rocked government contractor in 2015, and 85% of the client’s federal contracting revenue vanished in an instant. The SBDC acted immediately by opening doors in the private and public works sector along with the other assistance, and in only two years’ time, the client’s fortunes completely changed course.

The results are nothing short of phenomenal: dozens of new jobs, tens of millions in government contracts, and one very satisfied SBDC client.

Description of Business:

IOEI is a Service-Disabled Veteran-Owned Small Business (SDVOSB) that employs a minimum 40% Veteran workforce to provide a wide range of services to the environmental services industry and the civil infrastructure and facilities construction industry.

Use of Capital Infusion Funds:

The company utilized  financing to double its staff and scale up the company to accommodate its significant growth in government contracting awards.

Location:

San Diego, CA

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