As New Mexico continues to recover from the recession, some local businesses have gotten on a fast track toward rapid growth.
We honored Business First’s Fastest Growing Companies Thursday during an awards event at the Albuquerque Convention Center. View the accompanying slideshow to see how each of the 29 finalists ranked and who topped the list with 2,980 percent growth.
Privately owned, for-profit companies based in New Mexico were eligible for nomination for this award, including New Mexico wholly owned subsidiaries. Each company must have had sales or revenue of at least $500,000 in 2016 and been in business throughout all 12 months of 2014. They also must have shown overall revenue growth between 2014 and 2016. Nominees were contacted by our accounting partner, Moss Adams LLP, to verify financial information and calculate each company’s overall growth. Finalists with the highest percentages of revenue growth became our honorees.
This year’s finalists come from a wide variety of industries, including security, health care, technology and construction.
Moss Adams, Bank of Albuquerque and Meals on Wheels Albuquerque were presenting sponsors for Fastest Growing Companies. Event sponsors were The Recognition Place and Heritage Audio Visual.
Asset Performance Technologies placed 9th with 88.98 percent growth.