What is Smith Development and Construction?
Smith Development and Construction Inc., established in October 2007 and family-owned, is a Florida-based general contracting firm with deep roots in Merritt Island and surrounding Brevard County areas. Led by Jeff Smith, a Florida state-certified building contractor with extensive experience dating back to 1979, the company is well-versed in local, city, county, and state code requirements. Their long-standing business history in Merritt Island, Cocoa Beach, and Melbourne highlights a strong reputation and local expertise in the development and construction landscape.
How much funding has Smith Development and Construction raised?
Smith Development and Construction has raised a total of $574K across 2 funding rounds:
Debt
$150K
Debt
$424K
Debt (2020): $150K with participation from PPP
Debt (2021): $424K led by PPP
Key Investors in Smith Development and Construction
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Smith Development and Construction?
The recent major strategic investment signifies a pivotal moment for Smith Development and Construction, positioning the company for significant scaling and expansion. This capital infusion is expected to fuel further development initiatives and enhance operational capabilities, reinforcing its market position. The company's history of securing debt financing, including significant amounts from PPP programs, indicates a focus on operational stability and growth through strategic financial planning.
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