Tuesday, January 3, 2012

CED Opens Nominations Process for third-annual North Carolina Companies to Watch

CED is now accepting nominations for the third annual North Carolina Companies to Watch (NCCTW) awards. The 25 winning companies will be recognized at an awards ceremony held in their honor on June 7, 2012, in Raleigh, NC.

North Carolina Companies to Watch recognizes the achievement of second-stage entrepreneurial companies and showcases their contributions to the economy of North Carolina. North Carolina Companies to Watch is presented by CED in partnership with The Edward Lowe Foundation. 

Nominations will be accepted through February 27, 2012—individuals may nominate companies by completing this online form. Self-nominations are accepted.

To be eligible companies must:
  • Be privately-held, for-profit businesses headquartered in North Carolina. 
  • Employ between 6 and 99 employees on a full-time equivalent basis
  • Reached annual revenues between $750,000 and $50 million in 2011. 
  • Not be a previous NCCTW award recipient
Additionally, the strongest nominees will demonstrate the intent and capacity to grow based on leadership, competitive advantage, or sustainable employee or revenue growth.  

“We are very pleased this year to partner with nonprofit and economic development organizations to identify these fast-growing companies,” said Joan Siefert Rose, CED president.  “There are some great stories to tell from across North Carolina, and we expect to honor companies representing a wide geographic region.”

Last year’s 25 NCCTW award recipients collectively grew revenue by an annual rate of 32 percent from 2007-2010 and added jobs at an annual rate of 36 percent during the same period. A list of last year’s award recipients is available online at http://www.cednc.org/ncctw.

About The Edward Lowe Foundation

The foundation is a Michigan-based nonprofit organization that supports entrepreneurship through recognition, education and research with a focus on second-stage companies—those that have moved beyond the startup phase and seek significant, steady growth.

About Companies to Watch

Companies to Watch is a unique awards program developed by the Edward Lowe Foundation to honor second-stage companies that demonstrate high performance in the marketplace, exhibit innovative products or processes, or otherwise make those companies worth watching.