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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