Fastest-Growing Aggie Businesses Celebrated
Mays Business School’s Center for New Ventures and Entrepreneurship (CNVE) at Texas A&M University celebrated Friday the recipients of the 11th Annual Aggie 100, honoring the fastest growing Aggie-owned or Aggie-led businesses.
The honorees were recognized by more than 700 attendees at the luncheon held at The Zone Club at Kyle Field. This year’s list recognizes 32 companies in the architecture, engineering and construction industry. These entrepreneurs prove that despite recent economic challenges, nothing can hold back hard-working Aggie entrepreneurs, say event organizers.
With an average revenue of $2,126,186,333, MODA Inc., of Portland, Ore., was named this year’s Aggie 100 Summit Award recipient. The Summit Award is presented to the Aggie company with the highest three-year average revenue (2012-2014).
The Top 10 companies on the Aggie 100 list combined to grow more than 1,505 percent in the past two years with the top company, Empact IT of Houston, experiencing a compound annual growth rate of 253 percent from 2012 to 2014. The complete Aggie 100 list can be found at www.aggie100.com.
“As we enter our second decade honoring business excellence with the 11th Annual Aggie 100, we reflect on all the Aggie businesses that came before and look forward to the future success of Aggie entrepreneurs to come. From agriculture to technology and everything in between, this year’s list signifies that, no matter your background, the Aggie entrepreneurial spirit is alive and thriving,” said Richard H. Lester, executive director of the CNVE. “Our sense of entrepreneurial pride swells each year, as we recognize how successful businesses can become by keeping the Aggie Code of Honor at the heart of everything they do.”
The Aggie 100 focuses on growth as an indicator of job creation, product and service acceptance, and entrepreneurial vision. Those companies on the Aggie 100 list were selected based on compound annual revenue growth rate for the 2012 to 2014 period. In all, companies from nine states were honored at the event. The oldest company earning a spot on the list was founded in 1936.
About The Center for New Ventures and Entrepreneurship
The Texas A&M Center for New Ventures and Entrepreneurship (CNVE) provides encouragement, education, networking and assistance to entrepreneurially-minded students, faculty and Texas businesses. Founded in 1999, CNVE is part of Mays Business School’s Department of Management. CNVE enhances student education through campus speakers, competitions, work experiences and financial support. The Texas A&M faculty and Office of Technology Commercialization benefit from CNVE’s educational programs, extensive business community network and the entrepreneurial services.
CNVE also reaches out to the state’s business community offering educational programs, business assistance and access to University resources. In addition to the Aggie 100, one of CNVE’s key programs is the Entrepreneurship Bootcamp for Veterans with Disabilities – an intense training for veterans interested in starting a business. CNVE is supported by corporate and individual members and sponsors who believe in the value of an entrepreneurial education program and the value of Texas businesses working with Texas A&M University.