City Announces Hamilton's Top 40 Fastest Growing Companies
Hamilton announced the fastest growing companies in the city earlier this week and the list is as diverse as the community in which they thrive.
Businesses among Hamilton’s Fast 40 include bakeries, craft breweries, engineering firms, coffee roasters, marketing firms, a sperm bank and more.
This is the second year for the Fast 40 and it is part of the City’s 2016-2020 Economic Development Action Plan that aims to have 10 Hamilton-based businesses listed on ‘The Growth 500’, Canadian Business Magazine’s 500 fastest-growing businesses.
Roma Bakery, home of Hamilton’s famous Roma Pizza, also made the list this year. The bakery has been serving the Hamilton community for more than 60 years. This is the first year the iconic Hamilton company made the list.
“These fast-growing companies are a big reason behind Hamilton’s growing and diversifying economy,” said Mayor Fred Eisenberger. “Congratulations to Hamilton’s Fast 40, who represent some of the very best in business our city has to offer. Thank you for being part of Hamilton’s transformation story.”
Companies that achieve top 40 status in Hamilton are encouraged and assisted in applying for the national honour of The Growth 500.
Hamilton is halfway to achieving its Action Plan target of having 10 Hamilton-based companies on The Growth 500. The list, released in September, featured five Hamilton companies, two of which are in the Fast 40:
- Everworks was listed at 59
- NLS Egineering, listed at 76
- Fairway Electrical Services, listed at 338
- Orbis Communications, listed at 344
- Worksite Safety Compliance Centre, listed at 446
The Fast 40 program, the city says, helps identify scalable companies, those expanding into new markets, and the various areas of job growth for the Hamilton economy.
“We are thrilled with the calibre of the Fast 40 and even more thrilled with the fact that many of these companies went on to achieve the national ranking, said Glen Norton, Director, Economic Development.
“Hamiltonians should be very proud of the list of companies on the Fast 40 and our office encourages other businesses in the city to consider applying for this ranking in the Spring of 2020.”
Photo courtesy Michael Kooiman via Flickr