What is Phoenix?
Phoenix Corporation of the Quad Cities, established in 1988 and family-owned, operates as a heavy highway subcontractor based in Port Byron, IL. The company specializes in a comprehensive suite of contracting services, including excavation, demolition, grading, and asphalt and concrete work. Renowned for its dedication to quality, reliability, and personalized service, Phoenix treats its clients with a familial approach. Their portfolio includes significant infrastructure projects such as the Savanna-Sabula Bridge and the I-74 Bridge corridor, demonstrating their capacity for complex undertakings. As a certified woman-owned business, Phoenix holds prequalification from the Departments of Transportation in both Illinois and Iowa, serving a broad client base across these states.
How much funding has Phoenix raised?
Phoenix has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
What's next for Phoenix?
With the recent influx of capital, Phoenix is strategically positioned to enhance its operational capabilities and potentially expand its service offerings or geographic reach. The company's history of completing large-scale infrastructure projects, coupled with its status as a certified woman-owned business, suggests a continued focus on securing and executing major contracts. This substantial backing will likely fuel further investment in equipment, technology, and personnel, reinforcing its competitive edge in the heavy highway subcontracting market and supporting its long-term growth objectives.
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