Soaring 76 nominations are now open with updated parameters for 2023

Each year the Philadelphia Business Journal compiles a list of the region’s fastest-growing companies for our Soaring 76 publication. Nominations for this year’s program are now open, with updated parameters. Taking into consideration nearly three years of the Covid-19 pandemic and its effects on businesses and their bottom lines, we’ve adjusted our requirements for 2023. Companies still must have minimum revenue of $750,000 in the first year of the considered timeframe – in this case 2020 – but the second-year minimum revenue threshold is being waived. This updated structure broadens eligibility to the many companies that launched in the region over the past three years and takes into account the headwinds all businesses have faced. What hasn’t changed is the need for companies to have sustained revenue growth year over year. That means a company must have had greater revenue in 2021 than in 2020, and then continued that growth in 2022. To make the final list of Greater Philadelphia’s 76 fastest-growing companies, nominated firms will be ranked by their combined year-over-year revenue growth rate. We determine this figure by averaging the percent increase of growth from 2020 to 2021 and 2021 to 2022. That figure then determines if […]

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