7/27/2010 - GOODMORTGAGE.COM NAMED A NORTH CAROLINA COMPANY TO WATCH
Winners Post Strong Revenue, Job Growth Despite a Challenging
Economy
Charlotte, N.C. – goodmortgage.com has been named one of 25 North Carolina
Companies to Watch by CED, a private, nonprofit organization that
promotes entrepreneurial efforts in North Carolina. The inaugural
class of North Carolina Companies to Watch represent growth-stage
entrepreneurial companies that demonstrate high performance in the
marketplace, exhibit innovative products or display other unique
qualities that make them “worth watching.”
goodmortgage.com and the other honorees represent a powerful economic
engine for North Carolina. During 2005-2007, there were more than
47,000 second-stage, or growth-stage companies in the state. Those
companies employed more than one million workers, approximately 37.5
percent of the jobs created by companies headquartered in North
Carolina.
From 2006 through 2009, these companies collectively generated $334
million in revenue and added 443 employees (both in North Carolina
and out of state), reflecting a 232 percent increase in revenue and
176 percent increase in jobs for the four-year period. That
translates into a 51 percent annual revenue growth and 41 percent
annual growth in employees.
“goodmortgage.com exemplifies the innovation and entrepreneurial spirit
that lead to success in the marketplace and in the future,” said CED
President Joan Siefert Rose. “CED is proud to recognize the
accomplishments of all our 25 winners and their significant
contributions to our state’s economy. goodmortgage.com is certainly worthy
of watching, and we look forward to seeing continued growth and
achievement.”
The North Carolina Companies to Watch were selected from an initial
pool of 190 nominees from across North Carolina. They are privately
held companies of between 6-99 employees and $1 million to $50
million in annual revenue or funds raised from grants, investors or
partnerships. The winners represent the geographic regions of the
state as well as different sectors of the economy.
North Carolina Companies to Watch is presented in partnership with
the Edward Lowe Foundation and is made possible through the support
of title sponsors Cherry Bekaert & Holland and Wyrick Robbins Yates
& Ponton. This new program, which will become an annual event,
recognizes the impact that growth-stage, or second-stage,
entrepreneurial companies make on the marketplace and on the
economy. This year’s 25 winners will be honored at an awards
ceremony September 23rd at the Raleigh Marriott City Center.
Additional sponsors for North Carolina Companies to Watch are Hosted
Solutions, Blue Cross and Blue Shield of North Carolina, Business
Wire, Clean Design, Cisco, Hughes Pittman & Gupton, Forma Design,
Financial Directions, First Citizens Bank, Monaghan Group, First
Bank, Ernst & Young, Capitol Broadcasting Corporation, The Research
Triangle Park, v4 Production Group and Progress Energy. Other
partner organizations include: Business Innovation & Growth (BIG),
the North Carolina Biotechnology Center, the North Carolina Board of
Science and Technology, the North Carolina Chamber of Commerce, the
North Carolina Rural Economic Development Center, the North Carolina
Technology Association (NCTA) and the Small Business and Technology
Development Center (SBTDC).
ABOUT CED:
CED (formerly The Council for Entrepreneurial Development) is a
private, nonprofit organization founded in 1984 to identify, enable
and promote high-growth, high-impact companies and accelerate the
region’s entrepreneurial culture. Headquartered in Research Triangle
Park, CED is the oldest and largest entrepreneurial support
organization in the nation, with more than 5,500 active members. CED
provides know-how, networking, mentoring and capital formation
resources to new and existing high-growth entrepreneurs through
annual conferences, programs and web-based resources. CED has helped
entrepreneurs, investors, service partners, researchers and public
policy makers in diverse emerging industries and at all stages of
development – from high-tech, production-based organizations to
service companies, from one-person start-ups to 1000-person
businesses. Visit www.cednc.org for more information.
About the Edward Lowe Foundation:
Established in 1985, the Edward Lowe Foundation is a nonprofit
organization that supports entrepreneurship through research,
recognition and educational programs, which are delivered through
entrepreneur support organizations (ESOs). The foundation focuses on
second-stage companies — those that have moved beyond the startup
phase and seek significant, steady growth. The foundation also
encourages economic gardening, an entrepreneur-centered strategy
providing balance to the traditional approach of business
recruitment. Headquartered in Cassopolis, Michigan, the foundation
was established by Edward and Darlene Lowe to "champion the
entrepreneurial spirit." Visit www.edwardlowe.org for more
information
About Companies to Watch:
Companies to Watch is a unique awards program that recognizes and
celebrates the contribution, innovation and energy of diverse
second-stage companies in a state or region. These companies work
behind-the-scenes generating the bulk of new, sustainable jobs and
are a powerful economic force underpinning the high quality of life
most Americans enjoy. Created and managed by the Edward Lowe
Foundation, Companies to Watch is one of the foundation's
initiatives to celebrate the achievements of second-stage companies.
At goodmortgage.com you can learn about the mortgage process at
www.goodmortgage.com/learn, calculate all the options and
payments you want at
www.goodmortgage.com/calculators, and review today's rates and
receive electronic rate updates at
www.goodmortgage.com/rates.
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