21st Annual Growth Awards Winners Honored at Celebration in Burlington

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Vermont Construction Company was the overall fastest growing firm in Vermont with five-year growth of a whopping 1400%. To the far left is McGowan, President, KeyBank Vermont and to the far right is Secretary of Commerce and Community Development Lindsay Kurrle. Jeremy Baldwin photos/VermontBiz.

Vermont Business Magazine An awards ceremony and reception presented by VermontBiz and KeyBank was held Tuesday, September 12th, at the Echo, Leahy Center for Lake Champlain. John Boutin, Publisher, VermontBiz; Joseph McGowan, President, KeyBank Vermont; and Secretary of Commerce and Community Development Lindsay Kurrle were on hand to present the awards. The winners, their employees and guests were entertained by comedian and ventriloquist Al Getler during the celebration.

About the Growth Awards

Since 1987 VermontBiz has published each January the Vermont 100+, an annual ranking of Vermont’s largest local businesses based on annual revenues. From this data, VermontBiz and KeyBank developed the Vermont Growth Awards to honor the fastest growing companies over the past five years. 

The companies being recognized are not judged for their accomplishments; they are recognized by looking at the data that VermontBiz accumulated when we put together our Vermont 100+ list. The list is based on a survey of annual revenues of Vermont-based companies. We also analyze the fastest growing companies over five, ten, fifteen, twenty, twenty-five, thirty years and thirty five years. 

Seven new companies were added to the list this year: Vermont Construction, Lewis Creek Builders, Patrick Leahy Burlington International Airport, Twincraft Skincare, Lyndon Furniture, Hallam-ICS and Eight oh Two Marketing. 

Chroma has been on the list for several years and with their subsidiary 89 North, they had a combined growth rate of over 266%. The growth rate for all the companies honored Tuesday night ranged from 69% up to 1400%.

Here is a list of this year’s honorees and their percentage of growth over the last five years:

Company

Category

5-Year

 

KMC Construction/Vermont Construction *

Construction

1400.00%

Mamava

Service

527.90%

Dupuis Construction

Construction

433.30%

Momentum Manufacturing Group, LLC

Manufacturing

381.80%

OnLogic

Technology

273.00%

Lewis Creek Company, INC *

Construction

217.60%

Jamaica Cottage Shop Inc

Manufacturing

205.40%

Housewright Construction, Inc

Construction

184.20%

Ivy Computer Inc

Technology

178.20%

Burlington International Airport (BTV) *

Service

160.30%

Rice Lumber

Retail

152.40%

MSI

Manufacturing

132.10%

Champlain Housing Trust

Service

115.90%

Twincraft Skincare, Inc *

Manufacturing

106.40%

ReArch Company, INC

Construction

102.60%

Lyndon Furniture *

Manufacturing

102.20%

Casella Waste Systems Inc

Service

81.50%

Hallam-ICS *

Service

80.20%

Carris Reels, Inc

Manufacturing

77.40%

Chroma Technology Corp/89 North

Manufacturing

76.6%/266.70%

Eight Oh Two Marketing *

Service

76.20%

Donald P Blake Jr Inc

Construction

75.00%

John Turner Consulting, Inc.

Construction

74.30%

Four Seasons Sotheby's International Realty

Service

73.60%

Poulin Lumber - USLBM, LLC

Retail

69.20%

* NEW ON LIST OF FIVE-YEAR FASTEST GROWING