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MountainWest Capital Network Releases 100 Fastest-Growing Companies at Awards Program
Cariloha (www.cariloha.com) was ranked as one of the 2016 fastest-growing companies in Utah by MountainWest Capital Network (MWCN) (www.mwcn.org) at the 22nd annual Utah 100 Awards Program Tuesday. The annual program recognizes the 100 fastest growing Utah companies, the Top Revenue Growth companies, and the “Emerging Elite” companies.
“Being recognized as one of Utah’s 100 fastest-growing companies helps validate our company’s innovation, drive to succeed, and recent growth initiatives that are taking Cariloha into new markets across the world,” said Scott Brady, Cariloha’s AVP of Communications. “Cariloha customers can expect even more bamboo product categories in dozens of new store locations over the next several months and throughout 2017.”
The 100 fastest growing companies in Utah are selected from thousands of eligible applicants throughout the state and represent a cross-section from all industries.
“It is clear Utah is one of the hottest places in the country to start or run a business,” said Paul Skeen, chairman of the MWCN Utah 100 committee. “As a strong indicator, we had a record number of Utah companies vying for the 100 fastest growing companies in Utah along with about a 400 percent increase in the number of Emerging Elite nominations. It is a pleasure to recognize this year’s Emerging Elite companies along with the Utah 100 fastest growing companies.”
The percentage of revenue increase of each company between 2011 and 2015 determines the Utah 100. Those companies with the largest dollar amount of revenue growth in 2015 make up the Revenue Growth winners. The Emerging Elite are selected from among companies with less than five, but more than two years of operation that show significant promise for future success.
The Utah 100 awards come after recent expansion into 55 retail locations in 14 countries, and more than 100 new additions to Cariloha’s bamboo product mix, specifically bamboo resort sheets, bamboo fitness wear, bamboo bath mats, bamboo socks, bamboo clothing styles for men and women, and many more.
About MountainWest Capital Network
MountainWest Capital Network is Utah’s first and largest business networking organization devoted to supporting entrepreneurial success, and dedicated to the flow of financial, entrepreneurial and intellectual capital. For more information, visit www.mwcn.org