TORONTO, June 5, 2013 /CNW Telbec/ - The Business Development Bank of Canada (BDC) congratulates the entrepreneurs recognized on the 2013 PROFIT 500 ranking of Canada's Fastest-Growing Companies, of which, 20% are BDC clients. Accolades go to Vancouver-based
Avigilon Corp., crowned Canada's Fastest-Growing Company at the PROFIT
500 CEO Summit hosted by PROFIT Magazine in Toronto today.
"We're in the business of championing Canadian entrepreneurship," said
Jean-René Halde, President and CEO of BDC, the national Platinum
sponsor of the event. "The PROFIT 500 Award is perfectly aligned with
this in that it recognizes those entrepreneurs, in particular, who've
experienced exceptional business growth and who are instrumental to
Canada's global competitiveness."
Businesses are the economic engines of Canada, with 99.8% of them being
small or medium-sized. A survey conducted by BDC last year showed that
a majority of entrepreneurs (65%) intended to grow their company over
the course of the year. Almost half of them (47%) said their company's
targeted revenue growth for a 12 month period was 10% or more.
"PROFIT launched the Canada's Fastest-Growing Companies program 25 years
ago to honour and celebrate successful entrepreneurs," said Ian
Portsmouth, Publisher and Editor-in-Chief of PROFIT. "But the ranking
has evolved into a major source of inspiration for both established and
would-be entrepreneurs. We hope our recognition of Avigilon and the
other PROFIT 500 companies will spur another generation of
entrepreneurs on to greater success."
BDC is also the official Platinum sponsor of the PROFIT Growth Summit,
regional summits that are built on the national CEO Summit model. These
events will be held in Toronto, Calgary and Vancouver between September
and October 2013. For more details, visit www.profitguide.com.
Canada's business development bank, BDC puts entrepreneurs first. With
almost 2,000 employees and more than 100 business centres across the
country, BDC offers financing, subordinate financing, venture capital, securitization and consulting services to more than 28,000 small and medium-sized companies. Their success is
vital to Canada's economic prosperity.
About PROFIT Magazine and PROFITguide.com
PROFIT: Your Guide to Business Success is Canada's preeminent
publication dedicated to the management issues and opportunities facing
small and medium-sized business. For 31 years, Canadian entrepreneurs
and senior managers across a vast array of economic sectors have
remained loyal to PROFIT because it's a timely and reliable source of
actionable information that helps them achieve business success and get
the recognition they deserve for generating positive economic and
social change. Visit PROFIT online at PROFITguide.com.
SOURCE: Business Development Bank of Canada
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