HUNTSVILLE, Ala. – Two Huntsville companies have been honored for helping a small business flourish. The award is from the General Services Administration’s (GSA) Office of Small Business Utilization and goes to Radiance Technologies, Inc., and Kord Technologies, Inc.
They have earned GSA’s Mentor-Protégé award, with Radiance as the Mentor and Kord as the Protégé. The GSA Mentor-Protégé Program encourages and motivates GSA prime contractors to assist small businesses, enhancing their capability to perform successfully on future contracts and subcontracts.
The award recognizes the Mentor-Protégé team that demonstrated the most exceptional growth, business development expansion, and overall business performance of all the program’s participants during a two-year period.
“Fundamentally, the success of this relationship stems from the trust and respect Radiance and Kord have with each other, coupled with protégé support agreement hammered out among Radiance, Kord, and the General Services Administration,” said Bill Bailey, President of Radiance.
“The program is a win-win for both mentor and protégé and a great way for small businesses to establish the necessary infrastructure to eventually compete as prime contractors and grow a stable business,” said Deborah Eble, GSA’s Mentor Protégé Program Manager.
The premise of GSA’s Mentor-Protégé Program is to link experienced GSA contractors with small businesses to share processes knowledge, skills, and know-how. The program’s main goal is to expand small business participation in government contracting. In addition, it helps large businesses meet their small business subcontracting goals.
“When done correctly, both participants benefit from the relationship built on trust in providing total government solutions,” Eble added.
Tom Young, President of Kord, said the partnership has had a great impact for his company.
“Radiance’s mentorship helped us achieve significant business milestones much faster than we could have done it by ourselves,” said Ford. “For example, our Quality Management System is certified to ISO 9000 standards, our Accounting System is approved by the Defense Contract Audit Agency, we competed for 22 contracts in 2015 and won six of those as a prime contractor and 8 of them as a subcontractor, over 60% win rate. This program helped us grow our revenue by 37% during the two years of the program and most importantly, allowed us to increase the number of great people at Kord by over 40%.”
Steve Sizemore, Mildred Quinley, Chasity Ash of GSA’s Office of Small Business Utilization presented the award at Radiance’s headquarters at 350 Wynn Drive on Tuesday, June 28th.