Accolades for Southern Colorado businesses

ColoradoBiz recognized the three fastest-growing minority-owned businesses in Colorado from calendar-year 2005, at the magazine’s 12th annual Minority Business Breakfast held at the Inverness Hotel and Conference Center.

Greg Lopez, president and CEO of the Rocky Mountain Minority Supplier Development Council, was the keynote speaker for the event.

He told more than 230 business owners and top corporate managers attending the event that Corporate America’s interest in doing business with minority-owned firms is on the rise primarily because the nation’s demographics are changing and ethnic minority customers are increasingly important to American corporations.

Colorado’s fastest-growing minority-owned business last year was Colorado Springs-based Sun Construction Inc. President and founder Floyd G. Abeyta accepted the award that was based on Sun’s 165 percent sales growth year-over-year in 2005 to $11.4 million.

The ColoradoBiz Top 50 Minority-Owned Companies list, published every July, is based on self-disclosed revenues from the previous calendar year. Sun was ranked No. 11 overall on this year’s list of Top 50.

Torix General Contractors, also a Colorado Springs-based construction company formerly known as Alliance General Contractors, was the second fastest-growing company on the ColoradoBiz list, where it was ranked No. 3 among all 50 top companies. It posted $101 million in revenues in 2005, a 155 percent growth rate over 2004. Torix CEO Wendell P. Torres accepted the award.

Source One Staffing Inc, based in Wheat Ridge in the metro area, was the No. 3 fastest-growing company on the list. It posted 137 percent sales growth over 2004 with almost $1.8 million in 2005 revenues, ranking it No. 43 among the Top 50 firms. Harry T. Lucero, CEO, accepted.

For more information on the ColoradoBiz minority-owned business list, or the Minority Business Breakfast, go to <www.cobizmag.com> or contact Becky Fenton at (303) 662-5222 or <bfenton@cobizmag.com>

[ Back ]