PLG recognized a fastest growing company in the Twin Cities by MSPBJ second year in a row

The Minneapolis/St. Paul Business Journal today announces the honorees of our annualFast 50 awards, celebrating the Twin Cities' fastest-growing, privately held companies byrevenue growth.

However, there's a caveat this year: There are only 47 honorees on our Fast 50 List.

We started seeking nominations for our 2024 awards in mid-May, with a comfortablecushion of companies throwing their hat in the ring. Since the pandemic, though,growth has been a fi ckle thing.

After struggling in 2020, many companies saw a burst of activity and revenue in 2021 and2022 due to pent-up demand for services and products. When 2023 rolled around, highinfl ation and other economic headwinds hit many industries. This matters because oneof the eligibility requirements of our Fast 50 awards is year-over-year revenue growth —so even if a company's revenue in 2023 was higher than the base year of this year'sproject (2021), if it was lower than 2022 numbers by even a little, that company can't beincluded on the list.

Other eligibility requirements for The List of fastest-growing private companies include:They must be independently owned, privately held, for-profi t businesses headquarteredin the Twin Cities 24-county metro area. They must have had at least $1 million inrevenue for the base year of the project, which was 2021. Also, participating companieshad to submit fi nancial statements to our accounting partner Boulay Group, which wastasked with analyzing those documents to ensure eligibility and verify revenue numbers— a step that causes some private companies to balk at.

So, it's no small feat to be named a Fast 50 honoree.

Our honorees will be featured in more depth in the Business Journal’s annual Fast 50special publication Friday, Oct. 25, where their rankings and their revenue growth rateswill be revealed. Prior to that, our honorees will be celebrated at a private awards event Thursday, Oct. 24 at U.S. Bank Stadium.

And here are those honorees for 2024, in alphabetical order:

• All In One Accounting Inc.

• Authentic

• AVI Systems Inc.

• Bellmont Partners

• Berger Financial Group

• Big Blue Boxes

• Bold Orange Co.

• broadhead

• Camp Digital

• Capital Partners

• Clutch

• Cogent Solutions

• Emergent Software

• Foss Swim School

• Goat Consulting

• Highland Bank

• Hook Agency

• Imprint Engine

• Infi nity Direct

• InSite Contracting

• JLG Architects

• Kipsu Inc.

• Kraus-Anderson

• Kwikly Dental Staffi ng

• Livefront

• Lloyd's Construction Services Inc.

• Media Bridge

• Minneapolis Cider Co.

• Minnesota Ice

• Ovative Group

• PACE Loan Group

• Park Financial Group Inc.

• PWS

• Rapp Strategies Inc.

• Rihm Kenworth

• Rise and Shine and Partners

• Roers Cos.

• Stonebridge Capital Advisors

• Super Go Faster

• The Hatch Group

• The Social Lights

• Tradecraft

• Trystar

• VITS Consulting Corp.

• VivaQuant Inc.

• Waggle

• WSB