K. Neal Truck and Bus Center is one of the two black-owned truck and bus suppliers in the U.S. The Company was recognized last week by the Senate Committee on Small Business & Entrepreneurship as the Senate Small Business of the Week. The announcement was made by the Ranking Member of the Committee, Ben Cardin (D-Md), on Nov. 14, 2019.
K. Neal Truck and Bus Center is located in Hyattsville, Maryland, and it specializes in supplying commercial buses and trucks for the Washington D.C. area. It was ranked 35th in the Black Enterprise 2019 BE 100s list, having gathered a revenue of $103.5 Million. The B.E. 100s list is an annual ranking of the top black-owned business in America.
The Senate Committee on Small Business & Entrepreneurship supervises proposed legislation on matters concerning the administration of small businesses and investigates all issues affecting small businesses in the U.S. The total number of small businesses is estimated at 30 million.
Cardin explained that the company was given the award because after he paid a visit to the company, he discovered that the company has always been investing in the Prince George County community by training workers from underprivileged society to become diesel technicians. The company also come up with policies to help formerly incarcerated persons to get jobs (banned the box). He also added that the company has open a new well-equipped headquarter in Prince George’s County and aim to make to make a revenue of $100 million. The company has less than 100 employees, and the president of the company is Korey Neal while his father Stephen Neal is the chairman and CEO.
The company has won several awards and recognition under the leadership of Korey. They won the 2019 Emerging Leaders & Influencers Award by the U.S. Black Chambers of Commerce, 2018 Top 100 MBE winner by the Capital Region Minority Supplier Development Council, and also recognized in Washington Business Journal’s 2019 Family-Owned Business Awards. The 29-year president of the company was also named 2019 Millennial Entrepreneur of the year by Prince George’s Chamber of Commerce