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Virginia Chamber Unveils 15th Annual List of Virginia’s Fastest Growing Companies4.30.2010
Richmond, VA—The names of fifty of the fastest growing Virginia companies were announced at the fifteenth annual Virginia's FANTASTIC 50 Awards Banquet on April 29 at the Westfields Marriott in Chantilly. Nearly 400 attendees at the ceremony saluted the winners for their entrepreneurial success and contribution to Virginia's economy.
A highlight of the awards banquet was the announcement of the five Virginia Vanguard Winners—one for the highest overall growth rate, and the other four for highest growth in the categories of Manufacturing, Retail/Wholesale, Service, and Technology. The 2010 Virginia Vanguard Winners are:
•Highest Overall Growth: ITA International LLC, a Yorktown-based company that provides training, consulting, program management and staff support functions to the military, government agencies and large defense contractors;
•Manufacturing: MTC Transformers in Wytheville, a provider of high-quality, precision-engineered transformers and rewind services;
•Retail/Wholesale: Morooka USA-EAST in Ashland, exclusive distributor of Morooka Rubber Track Carriers for North, Central and South America: •Service: Technical and Project Engineering, LLC, headquartered in Kingstowne in Fairfax County, a professional services firm that develops innovative solutions to critical systems and high-level security challenges while focusing quality IT and management consulting;
•Technology: BOSH Global Services, a Newport News-based company that specializes in unmanned systems-related operations and technology services.
2010 Virginia's Fantastic Fifty Winners
The evening’s keynote speaker, The Honorable James Cheng, Virginia’s Secretary of Commerce and Trade, gave an inspirational address before assisting in the presentation of the Vanguard Awards. Mr. Cheng is a 1999 Virginia Vanguard winner as founder and CEO of CHM, a government contracting company.
About the Awards—Virginia’s FANTASTIC 50 award program is a signature event of the Virginia Chamber of Commerce. The FANTASTIC 50 awards recognize leading businesses across the Commonwealth in all types of industries, and are the only statewide awards of this type in Virginia. Nominations for the 2010 FANTASTIC 50 were sought last fall from local chambers of commerce, economic development organizations, and through the sponsors’ networks; companies may also nominate themselves.
To be eligible, a company must be privately held with headquarters in Virginia, show sales between $200,000 and $100 million, and demonstrate positive revenue growth and positive net income in its most recent fiscal year over the previous year. Companies are judged on four-year sales revenue history. The professional service firm Goodman and Company verifies all award entries.
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