FDC: Cal Coastal
Lender: American riviera Bank
Use of Proceeds: Working Capital

Economic Impact
Jobs Created: 0
Jobs Retained: 88

Senate District: 17
Assembly District: 35

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Leo Tidwell Excavating Corporation (LTEC) has been a utilities contractor for the past 46 years. This includes substructure: (Plowing, trenching, excavating, directional boring, rodding, pulling, paving, conduit and cable placing, fiber placing and pulling and manhole placement).

Present markets for LTECH include all ‘dry’ utilities, specializing in underground telephone and power substructure placement. Customers include major companies (Verizon, SBC, AT&T, MCI, Sprint, Qwest, Williams Communications, PG&E, SCE, The Gas Company and Kiewit Pacific (Level3 Communications).

The opportunities for utility construction have been dynamic. Existing utility substructure is in need of upgrading, fiber optic is the choice of the future and new companies are entering the market; planning thousands of miles of conduit structure to keep up with the technology. LTEC sees this industry going forward and the demand for “turn-key” work is exceeding the capabilities of most contractors.