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Tuesday, January 14, 2020

Black Family-Owned Firm Projects Revenues to Grow to $16 Million Within 5 Years. Here’s How

Dikita

Armed with new projects in the pipeline and existing ones underway, Dallas-based Dikita Enterprises Inc.is on the fast-track for future revenue growth.

The civil engineering and consulting firm was started by Lucious Williams in 1979. Led today by his daughter, Eve Williams, the firm expects to grow annual revenue to more than $16 million in the next three to five years from about $5 million now. Calling itself the oldest African American and family-owned firm of its type in North Texas, Dikita mainly offers engineering, construction program management, transit planning, and other services to government entities.

All told, the firm swears it has designed and/or managed projects worth over $1 billion. That’s phenomenal given Lucious Williams sold his car for $6,000 and used the proceeds for startup capital. Initially located in Milwaukee, Dikita moved its headquarters to Dallas in 1983 to pursue DART and other larger municipal clients.

But the journey has not all been easy. Lucious has publicly stated the company has survived tough times—including three economic storms—because it learned early on to diversify. That has helped it avoid employee layoffs. “2001 was our worst year ever,” he states on Dikita’s website.

“It started out weak and then worsened when all of our airport contracts were frozen because of the September 11th terrorist attacks. We had to concentrate on other markets, like education, and public transit. Fortunately, my daughter and I had saved for lean times, and were able to continue to pay our employees while we only took one month’s salary that year.”

That difficult time taught Eve to learn a valuable lesson from her father: Set aside 25% of your paycheck in case you cannot pay yourself to help you survive. Eve was the firm’s chief financial officer for 27 years before becoming its president and CEO in 2010. Lucious, who ran the firm for more than 30 years, remains active as board chairman and government affairs officer.

“We have to do 130% more than our competitors to survive as a black company,” Williams said. “Our niche is being a small company that’s large enough to handle major construction projects and respected enough to complete them as designed within our community.”

Dikita, which celebrated its 40th anniversary in 2019, is now working on nine projects in Dallas and Fort Worth, where it has offices. Its largest upcoming project is serving as Owner Representative for Vehicle Engineering for the Dallas Area Rapid Transit (DART). Dikita will oversee new rail car specifications and inspections as part of a five-year contract for the rail and bus transit system that begins in late 2020. Eve estimates her firm’s take will be about $4 million. DART serves the Dallas area.

Further, Dikita will handle quality assurance and inspection for the Texas Department of Transportation’s Lyndon B. Johnson Freeway 635, a $1.6 billion road construction project that begins next August. Eve figures the work will reap her firm $2.5 million over four years.

She also expects her firm to pick up $3.2 million as a program manager for the North Texas Tollway Authority, the operator of toll roads, bridges, and tunnels. Dikita’s current project with the authority will transition into a new four-year contract beginning in March 2020.

A growth driver for Dikita has been various projects it has maintained with long-time clients, particularly DART. One fresh contract that the firm began in October 2019 is with DART’s new Silver Line rail project. Dikita’s work includes providing design reviews and system integration for the 26-mile corridor stretching across northern Dallas suburbs. That project is expected to generate $3.5 million in the next five years.

A long-term niche project Dikita provides to clients is transit market research. The firm plans in January 2020 to begin collecting ridership data for DART, an ongoing service Dikita has been providing that client for over 30 years. That contact is expected to bring the firm $1.5 million by 2025.

Dikita has raked in more than $12 million providing market research services to DART since 1991.
“Without DART being that special client we would not be where we are today,”

Plus, Dikita was the first African American firm to ever serve as a program manager for the Dallas Independent School District after its successful 2015 $1.6 billion Bond Program. It was one of three firms to manage the construction and architectural work budget of $530 million to build new and expanded schools and classrooms.

Williams says a continuous challenge is winning prime contracts and attracting exceptionally talented employees.

“To remain successful,  it’s important to provide your client with a new product they can be proud of not only the day of delivery but for years to come.”

 



from Black Enterprise https://ift.tt/2TtHweR

Black Family-Owned Firm Projects Revenues to Grow to $16 Million Within 5 Years. Here’s How

Dikita

Armed with new projects in the pipeline and existing ones underway, Dallas-based Dikita Enterprises Inc.is on the fast-track for future revenue growth.

The civil engineering and consulting firm was started by Lucious Williams in 1979. Led today by his daughter, Eve Williams, the firm expects to grow annual revenue to more than $16 million in the next three to five years from about $5 million now. Calling itself the oldest African American and family-owned firm of its type in North Texas, Dikita mainly offers engineering, construction program management, transit planning, and other services to government entities.

All told, the firm swears it has designed and/or managed projects worth over $1 billion. That’s phenomenal given Lucious Williams sold his car for $6,000 and used the proceeds for startup capital. Initially located in Milwaukee, Dikita moved its headquarters to Dallas in 1983 to pursue DART and other larger municipal clients.

But the journey has not all been easy. Lucious has publicly stated the company has survived tough times—including three economic storms—because it learned early on to diversify. That has helped it avoid employee layoffs. “2001 was our worst year ever,” he states on Dikita’s website.

“It started out weak and then worsened when all of our airport contracts were frozen because of the September 11th terrorist attacks. We had to concentrate on other markets, like education, and public transit. Fortunately, my daughter and I had saved for lean times, and were able to continue to pay our employees while we only took one month’s salary that year.”

That difficult time taught Eve to learn a valuable lesson from her father: Set aside 25% of your paycheck in case you cannot pay yourself to help you survive. Eve was the firm’s chief financial officer for 27 years before becoming its president and CEO in 2010. Lucious, who ran the firm for more than 30 years, remains active as board chairman and government affairs officer.

“We have to do 130% more than our competitors to survive as a black company,” Williams said. “Our niche is being a small company that’s large enough to handle major construction projects and respected enough to complete them as designed within our community.”

Dikita, which celebrated its 40th anniversary in 2019, is now working on nine projects in Dallas and Fort Worth, where it has offices. Its largest upcoming project is serving as Owner Representative for Vehicle Engineering for the Dallas Area Rapid Transit (DART). Dikita will oversee new rail car specifications and inspections as part of a five-year contract for the rail and bus transit system that begins in late 2020. Eve estimates her firm’s take will be about $4 million. DART serves the Dallas area.

Further, Dikita will handle quality assurance and inspection for the Texas Department of Transportation’s Lyndon B. Johnson Freeway 635, a $1.6 billion road construction project that begins next August. Eve figures the work will reap her firm $2.5 million over four years.

She also expects her firm to pick up $3.2 million as a program manager for the North Texas Tollway Authority, the operator of toll roads, bridges, and tunnels. Dikita’s current project with the authority will transition into a new four-year contract beginning in March 2020.

A growth driver for Dikita has been various projects it has maintained with long-time clients, particularly DART. One fresh contract that the firm began in October 2019 is with DART’s new Silver Line rail project. Dikita’s work includes providing design reviews and system integration for the 26-mile corridor stretching across northern Dallas suburbs. That project is expected to generate $3.5 million in the next five years.

A long-term niche project Dikita provides to clients is transit market research. The firm plans in January 2020 to begin collecting ridership data for DART, an ongoing service Dikita has been providing that client for over 30 years. That contact is expected to bring the firm $1.5 million by 2025.

Dikita has raked in more than $12 million providing market research services to DART since 1991.
“Without DART being that special client we would not be where we are today,”

Plus, Dikita was the first African American firm to ever serve as a program manager for the Dallas Independent School District after its successful 2015 $1.6 billion Bond Program. It was one of three firms to manage the construction and architectural work budget of $530 million to build new and expanded schools and classrooms.

Williams says a continuous challenge is winning prime contracts and attracting exceptionally talented employees.

“To remain successful,  it’s important to provide your client with a new product they can be proud of not only the day of delivery but for years to come.”

 



from Black Enterprise https://ift.tt/2TtHweR

Monday, January 13, 2020

TRAILBLAZER: Spike Lee named President of Cannes Film Festival Jury

Spike Lee just made history.

The award-winning filmmaker has just been named President of the Canned Film Festival Jury, making him the first Black person to head the panel.

Trump attacks Spike Lee over Oscar speech telling people to vote him out in 2020

The annual film festival is the largest in the world and brings Hollywood’s elite to the French Riviera each May.

“In this life I have lived … my biggest blessings have been when they arrived unexpected, when they happened out of nowhere. When I got the call that I was offered the opportunity to be President of Cannes Jury for 2020, I was shocked, happy, surprised and proud all at the same time,” Lee said in a statement.

“To me the Cannes Film Festival (besides being the most important film festival in the world — no disrespect to anybody) has had a great impact on my film career. You could easily say Cannes changed the trajectory of who I became in world cinema.”

Spike Lee calls for Hollywood to ‘shut it down’ in Georgia over abortion ban

The 63-year-old has had some favorable outcomes at the festival where his first film, She’s Gotta Have It won the Prix de la Jeunesse in the Director’s Fortnight in 1986. He has shown several of his films at the festival and his new role at the festival is promising news for an industry that has such a hard time highlighting Black talent.

The post TRAILBLAZER: Spike Lee named President of Cannes Film Festival Jury appeared first on TheGrio.



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WATCH: Don Cheadle and Regina Hall pick up the pieces in ‘Black Monday’ season 2 trailer

Don Cheadle and Regina Hall are back to their old tricks if the just-dropped Black Monday is any indication.

Showtime debuted the new season’s first trailer at the TCAs on Monday and in it, we see Maurice “Mo” Monroe (Cheadle) looking a little crazy in the aftermath of the largest stock market crash in history.

Don Cheadle and Regina Hall are Wall Street’s worst nightmares in ‘Black Monday’

Judging by the trailer, this season will see Dawn (Hall) and Blair (Andrew Rannells) in charge now that Mo is on the run and they quickly learn how hard it is to be the boss.

“The exciting part about doing the second season was we sort of left Blair at the end of Season 1 on the precipice of making a lot of personal decisions,” Rannells said during the show’s TCA panel, “and then this season we really got to launch into them. He gets dark real fast.”

We can’t wait to see who will take the fall for the crash or the murders that went down during season 1.

Loose lips: Don Cheadle refuses to do movie press with Avengers costars because they talk too much

Check out the hilarious trailer:

Season 2 of Black Monday will return with back-to-back episodes on Sunday, March 15 at 10/9c on Showtime.

The post WATCH: Don Cheadle and Regina Hall pick up the pieces in ‘Black Monday’ season 2 trailer appeared first on TheGrio.



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SNEAK PEEK: See Chris Rock in season 4 of hit FX series ‘Fargo’

FX has dropped the first trailer for its highly-anticipated fourth season of Fargo and this time around, Chris Rock will take the lead in the anthology series from Noah Hawley. 

“The history of America is the history of the entrepreneur. It’s the person that starts with nothing and gets to someplace and then fights to hold on to it,” the showrunner said at the TCAs on Thursday. “I don’t know the world of stand-up comedy, [but] it felt to me like Chris Rock embodied that spirit. Plus, he’s funny.”

Season 4 of Fargo will reportedly tell a story of immigration and assimilation, and the things people do for money. Set in 1950, this season sees Rock’s character, Loy Cannon and his family battle Schwartzman’s Josto Fadda and his Italian crime family (with Irish and Jewish roots) for control of Kansas City.

CASTING NEWS: Chris Rock to star in season 4 of ‘Fargo’ on FX

Check out the trailer: 

Get ready! Donald Glover’s acclaimed ‘Atlanta’ has been renewed for a fourth season!

FX also revealed what’s next for another one of its successful shows, Atlanta. The Donald Glover-led series has been on hiatus for a little too long now, and fans still have a bit of a wait to endure. While no specific date was given, FX confirmed that season 3 of the drama will hit the small screen in January of 2021 and will contain 10 episodes. Season 4 will have 8 episodes and serve as Part 2 of that chapter and is due out in Fall 2021.

 

The post SNEAK PEEK: See Chris Rock in season 4 of hit FX series ‘Fargo’ appeared first on TheGrio.



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