TOWSON, MD (June 18, 2010) - Oak Contracting announced today that Doug Eder received the Ernst & Young Entrepreneur Of The YearŽ 2010 Award in the construction category in Maryland. According to Ernst & Young LLP, the award recognizes outstanding entrepreneurs who are building and leading dynamic, growing businesses. Eder was selected by an independent panel of judges, and the award was presented at a gala event at the Baltimore Marriott Waterfront on Friday June 18, 2010.
Not many people led and masterfully grew a multi-million dollar, industry-leading construction based business through a credit crisis and a recession. Yet, Doug Eder and his team have grown Oak Contracting into a leading regional construction management firm specializing in new construction and renovation projects. Eder and his team believe every project must be on budget and bring great results. A testimony to Eder's leadership is the growth experienced by Oak under his watch; most notably, in 2009, Oak experienced an astounding 75 percent growth in its revenue compared to previous years. While this represented an anomaly due to a surge in school construction, it is reflective of the enormous brand that Eder has established in the marketplace that effectively makes Oak a sole-source provider of construction services to Maryland school districts. Eder's high expectations create a climate of high performance. His visionary thinking is what creates new jobs and will continue to be a strong factor in the company's future success.
The Ernst & Young Entrepreneur Of The Year awards celebrates their 24th anniversary this year. The program honors entrepreneurs who have demonstrated exceptionality in such areas as innovation, financial performance and personal commitment to their businesses and communities.
As a Maryland award winner, Eder is now eligible for consideration for the Ernst & Young LLP Entrepreneur Of The Year 2010 national program. Award winners in several national categories, as well as the overall national Ernst & Young Entrepreneur Of The Year award winner, will be announced at the annual awards gala in Palm Springs, California on November 13, 2010. The awards are the culminating event of the Ernst & Young Strategic Growth Forum, the nation's most prestigious gathering of high-growth, market-leading companies.
SPONSORS
Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year awards are pleased to have the Ewing Marion Kauffman Foundation and SAP America as national sponsors.
In Maryland, sponsors include Clifton Gunderson, DLA Piper, Baltimore Business Journal, SmartCEO and The Mergis Group.
About Oak Contracting
Founded in 1971, Towson-based Oak Contracting is a regional construction management firm specialized in new construction and renovation projects for the K-12 and medical research sectors. The firm's expertise also spans higher education, non-profit, and commercial projects ranging from $1 million to $100 million in value. The firm recorded revenues of $164.1 million during calendar year 2009.
About Ernst & Young's Entrepreneur Of The YearŽ Awards Program
Ernst & Young's Entrepreneur Of The YearŽ is the world's most prestigious business award for entrepreneurs. The award makes a difference through the unique way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Ernst & Young Entrepreneur Of The YearŽ celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 135 cities in 50 countries.
Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young LLP is a client-serving member firm of Ernst & Young Global Limited located in the U.S.
