The Philadelphia Business Journal recently explored how MBE firms are handling the impacts of COVID-19 response and social unrest following the murder of George Floyd. Expanding on that story, the PBJ did more in-depth spotlights of some of those firms, including one about Luis Torrado, President of Torrado Construction Co., Inc.
From the Philadelphia Business Journal:
Prior to the pandemic, Torrado employed 25 people. That number has swelled to 30, with several new hires occurring when business picked up in April.
“I think we are in a good position,” Torrado said. “We still have a backlog of work and my cashflow is good.”
Torrado believes all of the local activity geared toward enhancing capital and contract procurement for minority-owned businesses should benefit his company, but it might take time — perhaps three to five years — for that to occur.