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C. David Moody Jr. once turned down an investment from Michael Jordan for his construction business. Since 1987, Moody, a Howard University alum with a Bachelor of Architecture degree, has been leading C.D. Moody Construction. He launched the Atlanta, GA-based venture seven years after serving as a staff architect and field engineer at Bechtel Power Corp. Moody was in his early 30s at the time of the company’s launch. While speaking with AFROTECH Brand Manager Will Lucas on the “Black Tech Green Money” podcast, he admitted he had a team of three — which later scaled to more than 60 individuals — and launched with low capital. In fact, he and his wife had to borrow a couple thousand dollars to get C.D. Moody Construction off the ground. Moody said his saving grace was financial advice from his father, who served as a professor and later vice provost of the University of Michigan. “My dad grew up in the depression, and things were tight and he grew up very poor in Louisiana,” Moody...
Although Black people accounted for a large portion of the New York population, according to the United Census Bureau, for far too long, they have been left out of the ins and outs of a place rooted in our culture. It’s no secret that the Big Apple is known for its skyscrapers. Yet, not a single one that makes up the renowned New York City skyline has been constructed with a majority Black team — that is, until now. EBONY reports that for the first time ever, real estate developers have plans in motion to build the city’s first skyscraper with a majority Black-led team. “This is an opportunity to really create a paradigm shift and to start to build a Black economy that Black companies actually participate in and flourish,” said Craig Livingston, managing partner at Exact Capital. “On our side, as owners of a project, we can decide to spend a billion dollars with Black and Brown companies and for the economics to be shared and to be dissipated throughout specific communities.”
This Black-owned construction company is doing it big for the culture. Made up of four generations of Black men, Choates G Contracting now has seven new multi-million dollar contracts underneath its belt, according to Blacknews.com. The company — headquartered in Philadelphia, Pennsylvania — was launched by Mr. Darrell Choates Sr., who has over four decades of experience in the construction industry. He has played a massive role in ensuring that the company remains within the family and continues to operate as a robust minority-managed organization throughout the years.
Georgia-based construction company, C.D. Moody Construction , started from humble beginnings. According to Shoppe Black , founder, C. David Moody, started the construction company in 1988 when he and his wife, Karla, were in debt. Suffering from financial hardships, the couple was forced to work from their bedroom. In September of 2019, David Moody became 49 percent partner in an affordable and market-rate housing, restaurants, retail, offices, and a performing arts center construction deal worth $650 million, Shoppe Black reports. C.D. Moody’s projects are now worth nearly $3 billion and the company has completed over 200 commercial projects. Along with raking in billions, the construction company makes room to give back to the Atlanta community. C.D. Moody mentors children in the Atlanta area by teaching them financial literacy and the value of hard work. The Moody family also set the tone in their own home by implementing the same mentorship system with their children. “Every...