WT Business Beat

By Nick Wakeman

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Nick Wakeman

Fast 50 deadline extended

The deadline for nominations for the annual Washington Technology Fast 50 has been extended to Aug. 5.

Rapidly growing businesses still have a window of opportunity to apply for the Fast 50 and be recognized for their extraordinary revenue growth over the last five years.

The revenue data is critical because that is what we use to calculate the five-year compound annual growth rate. Companies are ranked according to their CAGR.

Click here to complete the nomination form.

The annual Fast 50 program is an opportunity to showcase what your small business has accomplished over the last five years.

We are looking at revenue numbers from 2014, 2015, 2016, 2017 and 2018.

To qualify you need to have at least $50,000 in government revenue for 2014 and be a small business: 8(a), service-disabled, veteran-owned, woman-owned, minority-owned, HUBzone or other small business category recognized by the Small Business Administration.

For the Fast 50, government revenue includes subcontracting work, prime contracting work in the federal and state and local markets. Work in the education field qualifies as well.

Companies submit revenue data for the five years and we calculate the CAGR and then companies are ranked accordingly. The due date for nominations is now Aug. 5 and we’ll announce the Fast 50 in early September.

It is important to note that revenue data is included when we publish the rankings. See the 2018 rankings for an example of how the data is presented.

As part of your nomination, we also are asking for information on your business such as capabilities, lines of business, major customers and major contracts. This information will also be published as part of our profiles of each Fast 50 company.

When the Fast 50 is published in September, the package will include the rankings, our analysis of the companies and profiles of several companies.

Please don’t hesitate to reach out to me if you have questions: nwakemanATwashingtontechnology.com.

Posted by Nick Wakeman on Jul 30, 2019 at 7:51 PM

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