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Nominations for the 2009 Philadelphia 100 are being accepted at: Wharton SBDC.
The Philadelphia 100 is a merit based program. Only the fastest growing, privately-held companies in the Greater Philadelphia area are designated as the Philadelphia 100. Similar to the Inc. 500, the rankings are based on revenue growth over the past three years:
ELIGIBILITY CRITERIA
- Independent, privately held corporation, proprietorship, or partnership. Franchises, subsidiaries, divisions, and fixed-term funds and their management companies are NOT eligible.
- A full three-year sales history with an increase during 2008. Sales in 2006 must be for a full 12 months and more than $125,000.
- Applicants that operate in bankruptcy at any given point during the contest period through to the time of winner selection are not eligible.
Companies must be privately-held and headquartered in the 10 county region surrounding Philadelphia:
- Pennsylvania: Bucks, Chester, Delaware, Montgomery and Philadelphia
- New Jersey: Burligton, Camden, Gloucester and Mercer
NOMINATIONS AND APPLICATIONS
Recruiting for eligible companies begins in November and is open through June. The nominations require contact information for the nominated company and can easily be completed online at this webpage. Outreach to find eligible companies includes advertisements in the Philadelphia Business Journal, direct e-mail to previous winners, and e-mails to professional service firms (e.g., law firms, accounting, consultants) and associations.
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The nominations are collected by the Wharton Small Business Development Center. Nominated companies are sent an application that requires sales data for the three previous years. In order for an application to be considered, the CEO and the accountant must certify the accuracy of the sales information.
VERIFICATION
The Wharton Small Business Development Center then validates the information by reviewing the application to make sure the company meets all the criteria. All remaining companies are contacted to re-confirm the revenue information. Wharton Small Business Development Center also checks the bankruptcy records of Pennsylvania, New Jersey and Delaware to make sure that none of the companies are operating in bankruptcy.
When the information is validated, Wharton Small Business Development Center calculates the growth rates and determines the rankings. The initial Philadelphia 100 list is reviewed by the Entrepreneurs’ Forum of Greater Philadelphia and the Philadelphia Business Journal. Once approved by all organizations, the list is considered final and Wharton Small Business Development Center compares the performance of current year's companies to the previous years.
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