What is Smith Development and Construction?
Smith Development and Construction Inc., established in October 2007 and based in Merritt Island, Florida, is a family-owned business with deep roots in the local construction industry. Led by founder 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. Its operations span across Merritt Island, Cocoa Beach, Melbourne, and other Brevard County areas, highlighting a strong regional footprint and a history of reliable development and construction services.
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
What's next for Smith Development and Construction?
The recent major strategic investment suggests Smith Development and Construction is poised for significant growth or operational enhancement. Given the company's long-standing history and established local presence, this capital infusion is likely to support further expansion of its development projects, potentially into new markets or larger-scale endeavors. The focus on debt financing in its history, coupled with this strategic investment, points towards a robust financial strategy aimed at sustainable expansion and operational strengthening within the competitive construction and development landscape.
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