The civil engineering firm that Barbara Mulkey founded in 1993 survived the recession, but it was painful learning experience.

Like many companies, Mulkey Engineers & Consultants came out "leaner and meaner" after slowing demand forced the Raleigh firm to retrench.

Now there are signs that things are picking up again, but the company is sticking with its retooled strategy for competing in the new economy and won't rush to hire. Last week, Mulkey Engineers named three new board members to beef up its expertise and bring in fresh ideas.

Mulkey, an N.C. State alumnae who is on the university's board of trustees, spoke by phone about her company, the economy, the importance of staying politically active and more. Click for highlights: