62-year-old started her business with $1,000—now it brings in over $25 million a year: 'I just had to do this'

  • 📰 CNBC
  • ⏱ Reading Time:
  • 49 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 72%

Heavy Construction Industry News

Video First,Historic Sites,Cultural History Museums

Deryl McKissack's family has been involved in the construction industry for five generations — but that didn't guarantee success when she launched her own firm.

, the Washington, D.C.-based construction management and design firm behind some of today's most recognizable buildings — from building the Smithsonian African American Museum of History and Culture to repairing the Abraham Lincoln and Thomas Jefferson memorials.

Motivated by a desire to strike out on her own, and to see more Black women CEOs in the construction industry, McKissack withdrew $1,000 from her savings account and launched her company in 1990. Today, it brings in between $25 million and $30 million per year, according to documents reviewed by CNBC Make It, and manages $15 billion in projects with offices in Chicago, Dallas, Los Angeles and Baltimore.

An illustration of Moses McKissack, who came to the U.S. as a slave and became a master builder and brickmaker.She used her networking skills to land her company's first project: doing interior work at her alma mater. She and her lone employee did all the work themselves, with McKissack putting in 80 hours of labor per week, she says.

"I'm extremely proud of where we are and the projects that we've done ... the impact that we've had in people's lives," says McKissack.only 1.4% of construction CEOs

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines