Seven Baltimore-based businesses that have shown marked growth in the last year received the Greater Baltimore Committee's Venture Award yesterday.
Mayor Kurt L. Schmoke was on hand as Aegon, USA; Carr-Lowery Glass Co.; Curtis Engineering; JCM Controls Systems Inc.; Polk Audio; Port East Transfer; and Waverly Inc. received their awards.
The seven companies were honored for exemplifying various kinds of expansion, including growth in facilities, equipment, employees or geographic market, said Charlie Goldberg, director communications for the GBC.
"All of [the recipients] have been in an upward trend," he said. "They have continued a tradition of growth."
The recipients represented a variety of business sectors, including manufacturing, finance, engineering and transportation, as well as a mix of small and large companies.
For instance, minority-owned JCM Control Systems Inc., a heating, air conditioning and ventilation contractor, has 40 employees. In contrast, Aegon, USA, a financial-services company, has more than 700 employees in Baltimore.
Now in its fifth year, the Venture Award ceremony is part of a promotional strategy of highlighting companies that are growing, Goldberg said.
The Venture Awards were jointly bestowed by the GBC and the Baltimore Economic Development Corp.
"With all the focus on the recession and the economy slowing down, it's nice to sit down and recognize seven companies that, even in the face of such economic times, have continued to expand and grown," said Sara R. Trenery, a senior vice president at BEDCO.
The recipients were chosen from nominations that were submitted by BEDCO and the GBC. Venture Awards also were %% given earlier in the year to businesses in surrounding counties.