CEDAR RAPIDS, IA—May 25, 2010—The Entrepreneurial Development Center (EDC), a Cedar Rapids-based business accelerator, is pleased to announce that six of its clients were recognized at the Corridor Business Journal’s Fastest Growing Companies breakfast held Tuesday, May 25 at the Cedar Rapids Marriott. This notable list includes John Slump and Jared Garfield, co-founders of Coralville-based J&J Solutions, Inc., named Entrepreneurs of the Year. The #1 fastest growing company was Thomas L. Cardella & Associates with 919% growth from 2007 to 2009.
EDC clients recognized as 2010 Fastest Growing Companies (and the growth they posted from 2007 to 2009):
#2 HH Ventures (177% growth)
#4 AES Corp. (138% growth)
#5 Clickstop (126% growth)
#7 Ovation Networks (75% growth)
#10 Involta (60% growth)
“We are honored to be recognized as Entrepreneurs of the Year,” said John Slump, CFO and Co-Founder of J&J Solutions, a medical device manufacturing company. “By surrounding ourselves with experts in the medical arena and in business, such as the EDC, we’ve advanced our innovative, academic idea into a sustainable, scalable enterprise.” Jared Garfield, CTO and Co-Founder of J&J Solutions, added, “We are grateful to be part of a community that celebrates entrepreneurship and innovation, and we look forward to making the list of Fastest Growing Companies in the years to come!”
EDC was a presenting sponsor of the third-annual event that recognizes companies with the highest growth rates in the Cedar Rapids/Iowa City Corridor.
“The Fastest Growing Companies is a great way to recognize the small businesses that drive our community’s economy,” said Curt Nelson, President and CEO of the EDC. “The growth of these businesses and more like them is essential and directly related to the vitality of the Corridor.”
Companies had to earn at least $350,000 annually and were ranked based on the percentage increase in revenue experienced from 2007 to 2009.
2010 Fastest Growing Companies
#1 Thomas L. Cardella & Associates
#2 HH Ventures LLC
#3 SecurityCoverage Inc.
#4 AES Corp.
#5 Clickstop Inc.
#6 MD Orthopaedics Inc.
#7 Ovation Networks
#8 Service Master Avenue of the Saints
#9 Expense Reduction Analysts
#10 Involta LLC
#11 Raining Rose Inc.
#12 Innomatix LLC
#13 TMone
#14 RuffaloCODY
#15 Bankers Trust Co.
About the EDC
The Entrepreneurial Development Center was incorporated in 2003 as a community-sponsored, non-profit business accelerator. The company provides economic growth through the development and expansion of entrepreneurial enterprises and has successfully assisted over 400 Iowa-headquartered businesses. Its focus is on creating local wealth for area re-investment by growing and cultivating regional, national, and international businesses. Visitwww.edcinc.org for details.
