Press Release about M. Luis Construction – great friend and supporter of the MWBC

M. Luis Leadership Invited to the

White House to Celebrate Successes

 

For immediate release

 

Press Contact: Linda McDonough 610.631.5702

 

BALTIMORE, MD, SEPTEMBER 18, 2013 –

M. Luis Construction owners were invited to the White

House on Monday for an event celebrating the role of

businesses that had persevered through the economic

crisis. The event also marking the five-year anniversary

of the U.S.’s financial collapse. M. Luis is one of the

fastest-growing, middle-market asphalt manufacturing

and construction services company based in the Mid-

Atlantic Region.

 

The event included a press briefing in the South Court

and a private tour of the West Wing with the President.

Event participants were invited “because of their courage

and determination and hard work,” President Obama

said.

 

He outlined the successes of the Recovery Act by focusing

on those who lost jobs, businesses and healthcare, as well

as on the families hurt most by the recession.

 

“Those are the stories that guided everything we’ve done.

It’s what in those earliest days of the crisis caused us to

act so quickly through the Recovery Act to arrest the

downward spiral and put a floor under the fall. We put

people to work repairing roads and bridges… We helped

jumpstart the flow of credit to help more businesses keep

their doors open.”

 

In 2010, M. Luis was awarded a $2.5 million Maryland

Industrial Development Financing Authority (MIDFA)

loan guarantee made possible by the State Small Business

Credit Initiative (SSBCI). The loan guarantee, and Eagle

Bank, enabled the company to continue to expand

operations and integrate the previously construction-

focused company with asphalt and aggregate

manufacturing.

 

“It was a privilege and an honor to meet the President and

be chosen for this event. We’re proud of the company’s

accomplishments. Our growth shows the importance of

industry-government partnerships and the exponential

impact that loan programs can have,” said Cidalia Luis-

Akbar, M. Luis president.

 

Noting that in the past three and a half years U.S.

businesses have added 7.5 million new jobs, the

President also updated the gathering on where the

economy stands and where it needs to go. He reiterated

his commitment to broad-based economic growth as he

called on Congress to pass a budget that allows for future

investment in education and infrastructure.

 

“If we follow the strategy I’m laying out for our entire

economy — and if Washington will just act with the same

urgency and common purpose that we felt five years ago

– our economy will be stronger a year from now, five

years from now, a decade from now. That’s my priority.

All these folks standing behind me, and everybody out

there who’s listening — that’s my priority.”

 

Natalia Luis, M. Luis vice president, echoed the

President’s thoughts with the company’s commitment to

investing in jobs and infrastructure. “As entrepreneurs,

we are excited to play a role in helping to move the

economy forward.”

 

Following the event, Ms. Luis was interviewed by NPR.

She explained that M. Luis is “another example of a

company that instead of being in survival mode, is now

in expansion, thanks to the loan partnership.” She also

emphasized the critical need for further investment in

roads and bridges by Congress. “We cannot continue to

ignore our infrastructure. If we do, it will be much more

costly to repair in ten year’s time.”

 

About M. Luis Construction Co. Inc.

 

M. Luis is a Maryland-based, woman and minority-owned multi-generational Asphalt Manufacturer and Construction

Services company that serves as an economic engine for the regional economy. They have successfully manufactured

hundreds of thousands of tons of quality asphalt and paved thousands of lane miles of roads and highways, generating

over $60 million in annual revenue and employing more than 200 people.

 

 

 

 

M. Luis Leadership Invited to the

White House to Celebrate Successes

 

 

Media coverage:

 

• Financial Crisis Recovery Has Been Bumpy For Some

• President Obama Marks the Five-Year Anniversary of the Financial Crisis

 

 

About M. Luis Construction Co. Inc.

 

M. Luis is a Maryland-based, woman and minority-owned multi-generational Asphalt Manufacturer and Construction

Services company that serves as an economic engine for the regional economy. They have successfully manufactured

hundreds of thousands of tons of quality asphalt and paved thousands of lane miles of roads and highways, generating

over $60 million in annual revenue and employing more than 200 people.