Even as the pandemic continues to wreak havoc with the economy, entrepreneurs across the region are rolling up their sleeves and getting down to work growing a new crop of world-beating companies.
In that spirit, the Eastern Ontario Business Journal is celebrating local businesses that are on the fast track to eye-popping revenues with its first annual Fastest Growing Companies competition, sponsored by MNP LLP.
The competition is a unique opportunity for local enterprises to be recognized for substantial, sustainable and profitable growth.
EOBJ is seeking companies headquartered in Eastern Ontario (in the counties of Renfrew; Frontenac; Leeds & Grenville; Lanark; Prescott & Russell; Stormont, Dundas & Glengarry) that have demonstrated substantial revenue growth over the past three years. It doesn’t matter what industry the company is in or whether it’s a startup or a long-standing business.
Reasons to apply
- Visibility: Share your story with EOBJ’s readers
- Publicity: Be profiled in EOBJ’s fall newsmagazine
- Recognition: Be showcased among the city’s leading businesses at an upcoming event.
Applicants will be ranked by percentage of revenue growth between year one and year three of their most recent three-year fiscal period. To qualify, the company must have completed three fiscal years with financial statements that have been subject to a review engagement or formal audit.
In year one, companies must have had revenues of at least $100,000. In year three, revenues must have risen to at least $500,000. If the company is not profitable by the third year, applicants will be asked to briefly explain how the firm will be sustainable.