WT Business Beat

By Nick Wakeman

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Nick Wakeman

REMINDER: Fast 50 nominations due Aug. 6

The 2021 Fast 50 nomination process is now open for submissions.

So if you are a fast growing small business and you’ve been in the government market for the past five years, now is your chance to grab the spotlight and get the recognition your company deserves.

Click here to see and complete the nomination form. Nominations are due Aug. 6

Our annual Fast 50 program ranks small businesses according to their compound annual growth rate over the last five years. We are looking at revenue numbers from 2016, 2017, 2018, 2019 and 2020 for this year's list.

To qualify, you need to have at least $50,000 in government revenue in 2016.

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. We then calculate the CAGR and the companies are ranked accordingly. The due date for nominations is Aug. 6 and we’ll announce the Fast 50 in early September.

It is important to note that when we publish the rankings the revenue data is included. See the 2020 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 contractors. That information will also be published as part of our profiles of each Fast 50 company.

The Fast 50 package is published in September and 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 16, 2021 at 8:03 AM


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