Technical Control Consultants | New Bern, NC
Technical Control Consultants (TC2), a provider of U.S. military communications consulting, supports operations on battlefields around the globe including Afghanistan, Africa and Iraq and operates out of Craven County. Kevin Helmick, a U.S. Marine Corps Systems Planning Engineer, started TC2 after he retired in 2007. Since then, Kevin has actively recruited military communications experts to join TC2’s staff. The business has the most experienced personnel in military communications; they literally wrote the manual for how modern military communications are executed. In addition to government projects, the business has expanded to include home theater installation and fiber-optic assembly for the civilian sector and
holds a patent for a new communications technology.
Kevin was referred to the ECU SBTDC office by the Jones County economic developer for assistance with access to financing for expansion. Kevin was interested in expanding operations and adding fiber-optic assembly, but also wanted to expand the consulting business by moving into a HUB Zone and bidding on more federal contracts. TC2 was already in the process of applying for an SBA 504 loan with Neuse River Development Authority, a local community development corporation (CDC), although they had not yet found an interested bank.
SBTDC business counselor David Mayo assisted the client with projections for their expanded operations and reviewed loan applications, as well as attended meetings and acted as a liaison between banks, the economic developer, and the CDC. PTAC counselor Cindy Baldwin was able to assist the client with best practices for government sales. An ECU student intern was placed with the business to assist with detailed labor cost projections for the new assembly operation. PTAC has helped the client expand sales in the defense sector, and the student intern’s calculation of labor load rates for the new assembly operation allowed certainty for pricing and satisfied government regulators.
After working with the client for over a year on an SBA 504 loan application and meeting with eight banks, the loan was finally approved for $1.5 million, including a $150,000 loan guarantee from Jones County during the construction process. TC2 will relocate from a Tier 3 county to a Tier 1 (economically depressed) county where they will add 38 new jobs. Committed grant funding for infrastructure will pass $1,093,333 to the project, allowing for the creation of a new Defense Industrial Park in the community.
Story originally featured in the SBTDC’s 2011-2012 Annual Report.
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