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Fast Track 50

The Central New York Business Journal

Explaining Fast Track 50

Fast Track 50 is a program designed to recognize the 50 fastest-growing companies in Central New York . The criteria are simple: Be an independent, for-profit, privately or publicly owned company; be headquartered or have a large presence in Central New York ; and have a four-year operating history.

We then added together each corporation's revenue and employment growth, weighting sales over employment by a factor of two to one. To get this data, The Business Journal and its media partners first solicited nominations from the business community. We then requested the accounting firm of Fust Charles Chambers LLP to review four years of financials, enter the responses, and calculate the percentage of growth.

The Business Journal recognizes the Fast Track 50 winners through distribution of over 16,000 copies of a special publication containing their company profiles and a detailed list in descending order of their growth. To be fair, the companies were divided into two groups — those with more than $10 million in annual revenue and those with less than $10 million. Further, we recognize these stellar performers at a luncheon on Dec. 6, where each will receive well-deserved accolades before hundreds of members of the business community.

Why is Fast Track 50 important? These companies are the collective engine that's pulling the area's economy. Despite the unfriendly business climate in New York State , these 50 aggressive companies continue to invest and expand. They serve as positive corporate models for the rest of us. These are the companies to watch.

The winners represent the diverse economy we find in Central New York . They include banks, high-tech companies, and old-line manufacturers. Add to this list retailers, advertising agencies, health-care providers, law firms, and engineering firms.

That's why it's important to recognize Fast Track 50. We all need to applaud those who are leading the way to our economic prosperity.

None of this, however, would have been possible without the help of our sponsors —HSBC; Fust Charles Chambers; and Scolaro, Shulman, Cohen, Fetter & Burstein — who all deserve praise for stepping up to the plate financially, because they recognize the contribution made by the area's fastest-growing companies and want to cheer on their efforts.

Join the hundreds who have already signed up for the luncheon on Dec. 6 to applaud the Fast Track 50.

And if you didn't submit a nomination this year, you'll get another chance in 2007.