Two minority-owned businesses in Toledo received bonding lines from the Ohio Development Services Agency on Tuesday.
A bond is an insurance policy for a project owner that guarantees work performed by a general contractor or subcontractor will be completed.
Precision Industrial Services Inc., a flooring and carpeting company, received an $800,000 bonding line aimed at giving the firm a chance to bid on larger projects more often.
Bryson/ Tucker Electric LLC received a $500,000 line. The firm works on commercial and light industrial projects, wastewater treatment plants, and construction and renovation of schools and hospitals.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.