Micah Nordquist, The Five 50 Group, FSBDC at UCF, PTAC, Procurement Technical Assistance Center, Government Contracting Services, Department of Defense

The Five 50 Group Poised for Growth In Government Contracting

Construction Firm Gains Service Disabled Veteran Certification With Assistance from Florida SBDC at UCF

November 30, 2017
FOR IMMEDIATE RELEASE

Contact: Hal Thayer, Communications Director, FSBDC at UCF, 407.420.4850 or hthayer@ucf.edu

Orlando, FL – Making the transition from military service into the private sector is often a challenging undertaking, and even more so when the move is into a hyper-competitive industry like construction. Fortunately, being a veteran can mean opportunities if you know where to find them, particularly if the goal is to compete for government contracts.

Micah Nordquist is the founder and president of The Five 50 Group, a general construction and construction services company serving Central Florida and the Southeastern United States. He is also a graduate of the U.S. Military Academy at West Point and a field artillery veteran who served in the Iraq War.

As Nordquist was building The Five 50 Group, he looked for ways to distinguish his company from the competition. By its very name, the company sets itself apart. 550 (parachute) cord is well known in the military community for its versatility and reliability solving even the toughest problems, whether that be building an emergency shelter, securing equipment or fixing a field tourniquet. It is versatility and reliability that The Five 50 Group promises to every client: to do whatever it takes to see their project completed successfully and in a timely manner.

As he looked into diversifying his company by pursuing government contracts, Nordquist also identified the competitive benefits that come from being certified as a Service Disabled Veteran Owned Small Business (SDVOSB). “I have known from the beginning that, whatever business I am in, being certified as a SDVOSB was going to set me apart. As I did my research, I learned quickly that my first step was to find my local Procurement Technical Assistance Center (PTAC),” Nordquist said recently.

“And so I turned to the Florida SBDC at UCF’s Government Contracting Services and Steve South, a Government Contracting Specialist through its Procurement Technical Assistance Center,” Nordquist continued. “”He partnered with me, educated me and prepared me for the application process from beginning to end: what I needed, literature to understand the process, tools to track collection and submission. Steve was there every step of the way.”

“Then, once my application was submitted and I was contacted by the Defense Logistics Agency’s Center for Verification and Evaluation about what more they needed, Steve South reviewed their requests, assisted me in creating a response strategy and helped me go through three rounds of review before the process was completed and my company was certified,” Nordquist went on to say.

“My certification was just the beginning of the influential role the FSBDC’s Government Contracting Services through its PTAC has played in the growth of my small business. Their services have provided me with business networking opportunities, partner matchmaking events, training and workshops. They have been key to me taking my next steps.”

“I would encourage anyone looking to win government contracts to seek out the FSBDC at UCF’s Procurement Technical Assistance Center and its outstanding consultants. It’s so amazing that there’s a resource like this and you don’t want to miss out,” Nordquist concluded.

— FSBDC —

About the FSBDC at UCF

With its main office in the National Entrepreneur Center located at the Fashion Square Mall in Orlando, the Florida SBDC at the University of Central Florida (FSBDC at UCF) is part of the UCF Office of Research & Commercialization and the Florida SBDC Network (FSBDC Network). The FSBDC at UCF provides business seminars and no-cost, one-on-one business consultation to emerging and established businesses. The FSBDC at UCF serves an eight-county area that includes Brevard, Flagler, Lake, Orange, Osceola, Seminole, Sumter, and Volusia counties and maintains 10 service centers across Central Florida.

In 2016, the FSBDC at UCF served over 2,400 entrepreneurs in Central Florida through consulting and training, resulting in nearly 6,700 jobs created, retained or saved; $980 million in sales growth; $92.7 million in capital formation; $154.6 million in government contract awards; and 120 new businesses started.

About the FSBDC Network

The FSBDC at UCF is a member of the Florida SBDC Network, a statewide partnership program nationally accredited by the Association of America’s SBDCs and funded in part by the U.S. Small Business Administration, Defense Logistics Agency, State of Florida and other private and public partners, with the University of West Florida serving as the network’s lead host institution. Florida SBDC services are extended to the public on a nondiscriminatory basis. Language assistance services are available for limited English proficient individuals. All opinions, conclusions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the she SBA or other funding partners.

For over 35 years, the FSBDC Network has nourished a statewide partnership between higher education and economic development organizations, dedicated to providing emerging and established business owners with management and technical assistance, enabling overall growth and increased profitability for the businesses and economic prosperity for the state. The FSBDC Network is a statewide service system of 41 centers with 60 outreach locations, including the FSBDC at UCF.

Since 2011, Florida SBDCs served almost 75,000 entrepreneurs and small business owners through consulting and training, resulting in 252,955 jobs created, retained or saved; $33.3 billion in sales growth; $1.4 billion in capital accessed; $2.6 billion in government contract awards; and 4,159 new businesses started.

FSBDC at UCF | 3201 E. Colonial Drive | Orlando, FL 32801 | p 407.420.4850 | f 407.420.4862
sbdc@ucf.edu | www.sbdcorlando.com