The Philadelphia Business Journal revealed its second annual list of fastest growing companies in the Philadelphia area at a special event at SugarHouse Casino on September 28, and featured the companies in the September 29 weekly edition of the journal. AC Lordi placed 24th on the list, which was expanded this year from 50 to 76 organizations and renamed the Soaring 76.
“Greater Philadelphia’s economy is increasingly diverse and dynamic,” said Philadelphia Business Journal Publisher Sandy Smith. “We consider it a crucial part of our mission to identify and recognize the companies driving our region’s growth.”
The PBJ identified the fastest growing companies in two way: soliciting nominations for privately held companies, and using their extensive database to find qualified public companies. From that combined group of about 500, they then determined the fastest growing companies by measuring revenue growth over a three-year period from 2014-2016. To be included for consideration, a company was required to be headquarter in Greater Philadelphia and have generated at least $750,000 in revenues in 2014 and at least $2 million in 2016.
The full list of all the companies that made the 2017 Soaring 76 and their rankings can be found on the PBJ website (subscription required).