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NYS Comptroller


Spearhead Construction

Using Her Military Experience, Former Army Officer Starts Own Construction Company

As a young Army officer during the first Gulf War, Andee Hidalgo learned to act autonomously and make strategic decisions under pressure. Hidalgo says that experience benefitted her in the corporate world and today as owner of her construction firm.

In 2016, the West Point graduate launched Spearhead Construction LLC with help from the New York Business Development Corporation (NYBDC). NYBDC approved a capital loan of $150,000 for Spearhead under its Veteran Loan Program, made possible by the New York State Common Retirement Fund (Fund).

Although Hidalgo majored in Engineering, she’s always had her eye on construction: New York State helped her realize this goal. The MWBE firm, based in Fort Montgomery, Orange County, specializes in carpentry, walls and ceilings.

The Veteran Loan Program is made possible through the New York State Comptroller’s Office loan agreement with the Fund and NYBDC’s partner banks to support access to capital for veterans. It provides term loans ranging from $50,000 to $150,000 at a below market fixed rate for current or former members of the U.S. armed forces.

With an influx of capital and a solid business plan in hand, Hidalgo hired a Chief Operations Officer (COO) and one project manager to handle bids and proposals.

The future is bright for Hidalgo and her growing team. They are submitting successful bids and earning a solid reputation. As Spearhead ramps up, the business plan includes leveraging other NYBDC loan programs to meet project based, labor and materials expenses.

“Spearhead Construction is not a hobby for us,” said Hidalgo. “We are building a company. Early on it was important to establish the infrastructure to scale our business. Access to capital was vital to that process and to our future growth and credibility. We are grateful to have a partner with NYBDC and the State Comptroller’s Office.”