Boost Technologies Ranked Among Top 50 Fastest Growing Women Led Businesses
Boost Technologies, LLC, parent company to distributor Shumsky Promotional (UPIC: SHUMSKY) and Boost Rewards, has been ranked as the one of the Top 50 Fastest Growing Women Led Businesses by the Women President’s Organization (WPO) in partnership with American Express. This is Shumsky's fifth time being ranked on the list in the past six years.
The 50 Fastest generated a combined $4.96 billion in 2015 revenues—mean of $99.2 million—and collectively employed 44,744 in 2015—mean of 1,028. The top three honorees are S'well, a New York City-based beverage bottle manufacturer; Pinnacle Group, an IT workforce solutions firm based in Dallas; and fitness studio franchise Orangetheory Fitness, based in Fort Lauderdale. Dayton, Ohio’s Boost Technologies, led by president Anita Emoff, took the No. 39 spot on the list.
“This year’s 50 Fastest list represents our most diverse ranking ever, with an immense geographic reach covering 20 states and one international winner in Turkey, as well as industries ranging from energy efficiency services to cybersecurity and engineering,” says Marsha Firestone, Ph. D., president and founder of the WPO. “We are once again so very pleased to partner with American Express in paying tribute to these influential women and recognizing the vital role that women-owned/led companies have in boosting the economy and enhancing overall job growth.”
Susan Sobbott, president, Global Commercial Payments, American Express, adds, “According to our recent State of Women-Owned Businesses report, the number of women-owned firms grew at a rate of five times faster than the national average since the recession. We are thrilled to showcase the successes of these fifty honorees in order to inspire other women to build high-growth businesses.”
The WPO and American Express ranked eligible companies according to a sales growth formula that combined percentage and absolute growth. To be qualified for the ranking, businesses are required to be privately held, woman-owned/led companies and have reached revenue of at least $500,000 by the first week of 2011 and $2 million in 2015.
All 50 companies were recognized at an event hosted by American Express at the 2016 WPO Annual Conference in Baltimore, Maryland, on April 8.