K. Neal Truck and Bus Center, one of only two black-owned truck and bus suppliers in America, has been named the Senate Small Business of the Week. It received that designation on Nov. 14 from Senate Committee on Small Business & Entrepreneurship Ranking Member Ben Cardin (D-Md.).
Based in Hyattsville, Maryland, K. Neal Truck and Bus Center is a commercial truck and bus dealership serving the Washington, D.C. area. With revenue of $103.5 million, the company ranked No. 35 on Black Enterprise’s 2019 BE 100s list, an annual ranking of the top black-owned businesses in the nation.
As Ranking Member of the Senate Committee on Small Business and Entrepreneurship, Sen. Cardin continues the tradition of honoring America’s small businesses and entrepreneurs. The committee oversees proposed legislation on matters relating to the Small Business Administration and investigates all problems relating to America’s small businesses. There are roughly 30 million small businesses in America.
Cardin’s Congressional Record statement honoring the company comes after he visited the company’s headquarters last month. K. Neal, which is the second-largest minority-owned truck and bus supplier in the country, has a long record of investing in the Prince George’s County community, Cardin stated.
He added, “For the past five years, the company has partnered with the Prince George’s County Economic Development Corporation to train workers from underserved communities to become diesel technicians, and the company also voluntarily banned the box for returning citizens convicted of nonviolent crimes.”
Ban the box refers to a set of policies designed to help formerly incarcerated individuals secure employment by omitting or delaying disclosure of a criminal record.
Cardin commented further, “I applaud Stephen and Korey for building a successful company and using their company to make a positive difference in the lives of so many. They have truly made Prince George’s proud.”
K. Neal President Korey Neal reflected on receiving the recognition.
“We’re grateful to Senator Ben Cardin and the US Senate on Small Business and Entrepreneurship for this recognition. It reinforces the importance of giving small businesses across the nation an opportunity to prosper so they can, in turn, reinvest back into their local communities.
He added the company has a new state of the art headquarters in Prince George’s County and projected 2019 revenue of $100 million. The company has just under 100 employees. Korey’s father, Stephen Neal, is the company’s chairman and CEO.
“Throughout our expansion of truck and bus dealership services and recruitment of top talent in the past few years, we remain steadfast in our core values, ” Korey stated. “Take care of the customer, Take care of the Associate, and to Reinvest Into the Community.”
The nation’s largest black-owned commercial truck and bus supplier is Sun State International Trucks L.LC. The Tampa, Florida-based company ranked No. 28 on Black Enterprise’s 2019 BE 100s list with annual revenues of $148.5 million.
Under Korey’s leadership, K. Neal has been named a 2018 Top 100 MBE winner by the Capital Region Minority Supplier Development Council. It was recognized in Washington Business Journal’s 2019 Family-Owned Business Awards; and received the 2019 Emerging Leaders & Influencers Award by the U.S. Black Chambers of Commerce. Korey Neal, 29, was named 2019 Millennial Entrepreneur of the Year by Prince George’s Chamber of Commerce
The full text of Cardin’s Congressional statement can be found here.