What is Elite Development?
Elite Development, Inc. is a minority-owned construction firm established in 1993 and headquartered in Fairfax, VA. The company has carved a niche by specializing in construction services for Federal, State, and Local Government agencies, alongside commercial renovation projects. With over two and a half decades of operational experience, Elite Development has cultivated a robust reputation for delivering professional workmanship, ensuring timely project completion, and providing cost-effective solutions to clients, including numerous school systems and universities across Northern Virginia.
How much funding has Elite Development raised?
Elite Development has raised a total of $32K across 1 funding round:
Debt
$32K
Debt (2021): $32K with participation from PPP
What's next for Elite Development?
The recent influx of substantial expansion capital positions Elite Development for accelerated growth and enhanced service delivery. As a company operating at a significant Series B/C stage, this investment is expected to fuel strategic initiatives, potentially including the expansion of its operational footprint, the adoption of new construction technologies, or the scaling of its workforce to meet increasing demand from government and commercial sectors. The company's established track record with public sector clients suggests a continued focus on securing and executing large-scale projects, leveraging this new financing to solidify its market position and explore new opportunities.
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