A local entrepreneur netted top honors from the U.S. Small Business Administration.
Angelo Perryman, president of Perryman Building and Construction, was selected as the SBA Eastern Pennsylvania 2018 Small Business Person of the Year.
The award winner is chosen annually from among nominees located across Pennsylvania’s eastern 40 counties.
“I’m excited to celebrate Angelo’s achievements and the support he received from the U.S. Small Business Administration to make his entrepreneurial dream a reality,” SBA Mid-Atlantic Regional Administrator Michelle Christian said.
“He has taken his dedication and hard work, backed by SBA programs, partners and lenders, to grow from a staff of two carpenters to creating more than 1,000 jobs over the last 10 years.”
Perryman re-established the family’s construction business as a foundation to lay roots for future generations and to preserve the original family business philosophy of his father, founder Jimmie Lee Perryman Sr. With more than 1,000 completed projects, Perryman Construction self-performs project planning, management and construction projects for historic restoration and parks, commercial, retail, hospitals, pharmaceutical companies and the hospitality industry for clients including the Democratic Host Committee, U.S. General Services Administration, U.S. Department of Navy, Wal-Mart and Wachovia/Wells Fargo Bank.
“I’m honored to be named as the Eastern Pennsylvania Small Business Person of the Year by the U.S. Small Business Administration,” Perryman said. “SBA’s lending, surety bond and 8(a) programs have had a very positive impact on the success and growth of my business.”
Like many new firms, the first obstacle Perryman faced when re-establishing the firm in 1998 was gaining access to capital. Facing difficulty in obtaining financing through normal lending channels, the company sought the assistance of SBA’s 7(a) loan program and in 1999 a line of credit was secured through a local bank. In 2009, Perryman Building and Construction Services, Inc. became a graduate of the U.S. Small Business Administration’s 8(a) Business Development program.
The business has overcome those stumbling blocks in access to capital and bonding, as well as emerging from a small business to a medium-sized business. Perryman tackles difficulties as opportunities to improve and has grown to become one of the fastest-growing firms headquartered in the Philadelphia region.
The firm was also recognized as the 2008 Department of Commerce’s Minority Business Development Agency Construction Firm of the Year and the 2017 Ernst & Young Entrepreneur of the Year. From the firm’s earliest days with a staff of two carpenters, the firm has seen significant growth, moving from its 2,000-sq.-ft. home office into a 5,000-sq.-ft. space to accommodate 18 staff and construction professionals. The firm now has more than 100 subcontractors and has created more than 1,000 jobs in the last 10 years.
Active in civic and community organizations including small business advocacy forums, Perryman serves as a member on the Board of Directors for the Greater Philadelphia Chamber of Commerce, and the firm has also given back to the community in various ways. Its donation to the United Negro College Fund in support of the Bessie I. Perryman Construction Education Scholarship empowers disadvantaged youth who reside in either Philadelphia or in the state of Alabama pursuing a degree in mechanical engineering, civil engineering, construction management and/or finance.
Perryman is one of eight honorees who will be acknowledged during the annual SBA awards event held Tuesday on the Spirit of Philadelphia.
“It’s great to have the privilege to recognize the achievements of Pennsylvania small business leaders like Angelo Perryman,” said Antonio (Tony) Leta, U.S. SBA Eastern Pennsylvania director. “Small businesses like Perryman Building and Construction are the engines that drive our nation’s economy. SBA is proud of the role our contracting and surety bond programs, as well as our lending programs through our lending partners, play in helping them succeed.”
Other honorees include the SCORE Lancaster-Lebanon Chapter, National SCORE Chapter of the Year; Kutztown University Small Business Development Center, recipient of the Pennsylvania Small Business Development Center Excellence and Innovation Award; Klinge Corporation, Eastern Pennsylvania Small Business Exporter of the Year; My Independence At Home, Eastern Pennsylvania District Minority-Owned Small Business of the Year; Ocean Eye, Inc., Eastern Pennsylvania District Veteran-Owned Small Business of the Year; JAMA Enterprises DBA Strategic Consulting Partners, Eastern Pennsylvania District Woman-Owned Small Business of the Year; and Gilson Snowboard & Ski Co., Eastern Pennsylvania Young Entrepreneur of the Year.