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50 Female Entrepreneurs Recognized for Strong Business Growth

50 Fastest Growing Woman-Owned Business Award winners 2019

The Women Presidents’ Organization and American Express Recognize 50 Fastest-Growing Women-Owned/Led Companies; 10th Annual Award Ceremony Held in Orlando.

ORLANDO, Fla.–(BUSINESS WIRE)–The Women Presidents’ Organization (WPO), in partnership with American Express, today released the 10th annual ranking of the 50 Fastest-Growing Women-Owned/Led Companies – marking one decade of honorees. The companies on this year’s 50 Fastest list span a range of industries including technology, retail and consulting. The companies generated a combined $7.2 billion in 2016 revenues (mean of $155.6 million) and collectively employed 46,000 people in 2016 (mean of 725). The awardees who took home the top rankings are:

  • Fitness studio franchise Orangetheory Fitness is the fastest growing women-owned business and is appearing on the list for the second time, moving up from the #3 spot in 2016. The seven-year-old Boca Raton, FL-based company, led by Ellen Latham, saw its revenue flourish over the past two years ($86,842,513 in 2014 to $451,101,433 in 2016) and hired 98 employees during that time span. Ellen’s advice to aspiring entrepreneurs is to turn the “I can’t” channels in their brain into “I can” channels.
  • Pinnacle Group, an IT workforce solutions firm based in Dallas, remains at the #2 spot for the second year in a row. Nina Vaca, President and CEO, saw her 21-year-old company approach $2 billion dollars in revenue ($1,887,230,307 in 2016, up from $665,504,491 in 2014). The entrepreneur, who still owns 100% of the firm she founded at age 24 with $300 of startup capital, attributes her company’s success to its ability to meet the ever-changing demands of clientele.
  • IT services firm Technology Concepts Group International, a newcomer to the list, is the third fastest-growing company in the 2017 rankings. Based in Somerset, NJ, the nine-year-old business, founded and led by Avis Yates Rivers, saw its revenue rise from $6,726,000 in 2014 to $49,000,000 in 2016. Avis’ primary strategy for success has been to deliver value and create solutions to respond to customer challenges.

Related Post: Akorbi Highlights the Top Women-Led Businesses in Dallas-Fort Worth

“We are proud to announce the 10th class of 50 Fastest honorees. This year, we’re excited to have awardees from a diverse range of industries and locations, including three international winners,” said Marsha Firestone, Ph.D., President and Founder of the Women Presidents’ Organization. “Our partnership with American Express has been crucial in acknowledging the influence women-owned and led companies have in job creation and growing the global economy.”

“Supporting the growth of women-owned and led companies is a true mission for us at American Express, and we are delighted to recognize these trailblazing women for their success,” said Susan Sobbott, President, Global Commercial Payments, American Express. “We hope these awardees and the stories of their business success will inspire others to create and lead prosperous businesses.”

Each of the honored business owners will be offered a congratulatory prize from American Express.

Related Post: Akorbi CEO, Claudia Mirza, Receives Women in Business Award

Applicants do not have to be WPO members. All eligible companies were ranked according to a sales growth formula that combines percentage and absolute growth; the top 50 were selected for the list. To be qualified for the ranking, businesses are required to be privately held, woman-owned/led companies and have reached an annual revenue of at least $500,000 as of January 1, 2012.

More about the 2017 50 Fastest:

  • Average honoree age: 50
  • CEOs that founded the business: 92%
  • Started the business with their own funds: 72%
  • CEOs that are active in day-to-day operations: 100%
  • Companies that do business globally: 36%
  • Plan to continue to grow their company: 92%
  • Provide health insurance: 94%

All 50 companies will be honored at a special event hosted by American Express at the 2017 WPO Annual Conference in Orlando, Florida on Friday, May 5, 2017. The lunch and awards ceremony will take place from 12:30 PM to 1:30 PM at the Ritz-Carlton Grande Lakes.

Immediately following the lunch and awards ceremony, American Express will also host a Guide to Growth Panel from 1:30 PM to 2:15 PM. The panel will feature 50 Fastest honorees, who will share insights and advice for WPO members looking to grow their businesses.

The 2017 50 Fastest-Growing Women-Owned/Led Companies include:

   Entrepreneur Name   Company Name   City, State/Province/Country
1  Ellen Latham   Orangetheory Fitness   Boca Raton, FL
2  Nina Vaca   Pinnacle Technical Resources, Inc. d/b/a Pinnacle Group   Dallas, TX
3  Avis Yates Rivers   Technology Concepts Group International   Somerset, NJ
4  Dr. Rebecca Thomley   Morning Sun Financial Services   Golden Valley, MN
5  Catherine Downey   CATMEDIA   Tucker, GA
6  Elizabeth Hammond   Contract Direct   Southfield, MI
7  Phyllis Winchester Newhouse   Xtreme Solutions Inc   Atlanta, GA
8  Claudia Mirza   Akorbi   Plano, TX
9  Christina Seelye   Maximum Games   Walnut Creek, CA
10  Debra Gentry   Contingent Resource Solutions, LLC   Duncan, SC
11  Raegan Moya Jones   Aden & Anais, Inc.   Brooklyn, NY
12  Jamila Stanford   Nugate Group, LLC   San Jose, CA
13  Rebecca Cenni   Atrium Staffing   New York, NY
14  Patti Massey   MYCA Material Handling Solutions   Cary, NC
15  Kay Ivie   Ivie & Associates   Flower Mound, TX
16  Tierra Kavanaugh (Turner) Wayne   TKT & Associates, Inc.   Louisville, KY
17  Pamela Evette   Quality Business Solutions, Inc.   Travelers Rest, SC
18  Mary Kariotis   Merrimak Capital Company   Novato, CA
19  Shelly Sun   BrightStar Franchising, LLC   Gurnee, IL
20  Britt Whitfield   The Revel Group   Chicago, IL
21  Elizabeth Prim   Prim Construction, LLC   Fort Worth, TX
22  Elizabeth Scherle   Influenster   New York, NY
23  Liz Elting   TransPerfect   New York, NY
24  Margaret Marcucci   CorAnet Corp   New York, NY
25  Yi Li   Renogy   Ontario, Canada
26  Katie Conovitz   Twelve, Inc.   Brooklyn, NY
27  Stacy Knight   CA South   Atlanta, GA
28  Roberta Roberts Shank “Sissie”   Chas Roberts A/C & Plumbing, Inc.   Phoenix, AZ
29  Tana Greene   Greene-Group   Davidson, NC
30  Anjali “Ann” Ramakumaran   Ampcus Inc   Chantilly, VA
31  Simone Schendel Reese   Schendel Mechanical Contracting Ltd   Edmonton, Alberta, Canada
32  Jennifer Smith   Innovative Office Solutions, LLC   Burnsville, MN
33  Michelle Baker   Swoon Group, LLC   Chicago, IL
34  Patricia Bible   Katom Restaurant Supply, Inc.   Kodak, TN
35  Karen McPartland   TSAC Engineering   San Diego, CA
36  Sushumnaa Roy Jalajam   Softpath System, LLC   Norcross, GA
37  Pamela O’Rourke   ICON Information Consultants, LP   Houston, TX
38  Margrit Anne Wolff   Mercury Freight (PTY), LTD   Johannesburg, South Africa
39  Ronia Kruse   OpTech, LLC   Troy, MI
40  Kathleen Benson   Office Remedies, Inc. dba ORI   Herndon, VA
41  Victoria Vasques   Tribal Tech, LLC   Alexandria, VA
42  Cordia Harrington   The Bakery Cos.   Nashville, TN
43  Linda A Sullivan   Administrative Strategies, LLC   Fishers, IN
44  Tamara L. Nall   The Leading Niche   New York, NY
45  Diane Astley   Xclusive Staffing   Westminster, CO
46  Patty Klein   A-Plus Meetings & Incentives   Coral Gables, FL
47  Natalie McDonald   Create NYC   New York, NY
48  Annette Johnson   CMT Services, Inc.   Hyattsville, MD
49  Cheryl Pia   PIA Agency   Carlsbad, CA
50  Lindsay McCutchen   Reliant Staffing Systems, dba Career Start   Rochester, NY

About the Women Presidents’ Organization (WPO)

The WPO is the ultimate affiliation for successful women entrepreneurs worldwide. In monthly meetings across the world, women from diverse industries invest time and energy in themselves and their businesses to drive their corporations to the next level. Local WPO chapters are coordinated by a professional facilitator and meet monthly to share business expertise and experience in a confidential setting. For more information, call 212-688-4114 or visit www.womenpresidentsorg.com. Follow WPO on Twitter (@womenpresidents) and like us on Facebook.

Read the Original Press Release Here

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