Ottawa, April 23, 2013 – Today, the Canadian Chamber of Commerce and Grant Thornton LLP announced the launch of the Private Business Growth Award, which seeks to recognize Canadian privately-held businesses that are successful at creating growth beyond their top or bottom line.
“Privately-held businesses are key players in the Canadian economy, and for truly dynamic companies, growth is at the top of their agendas,” says Bill Brushett, National Leader, Clients and Services, Grant Thornton LLP. “While some companies simply chase top or bottom-line growth, those that are committed to achieving long-term success must look strategically across all core aspects of their business and grow them in harmony in order to fully achieve their objectives. Real growth is about getting better at what you do year over year. This kind of holistic growth creates value beyond the top or bottom line.”
The Private Business Growth Award will recognize and celebrate dynamic, privately-held businesses whose growth strategy encompasses a broad range of activities across their business:
- innovation, including new ways of working;
- product and service development;
- expansion into new domestic or international markets;
- development of people and culture—helping employees learn and develop;
- improvements in the efficiency and effectiveness of internal processes;
- improvements in stakeholder relations;improvements in financial measures or governance;
- leadership through reason and instinct to grow the business.
“Growth isn’t always about being bigger. It’s about being better,” says Perrin Beatty, President and Chief Executive Officer of the 200,000-member Canadian Chamber of Commerce, Canada’s largest and most representative national business association. “Growth should never be an assumed goal—it must be a conscious and rigorous management decision. If we are to truly strengthen the Canadian economy, businesses must be encouraged to think beyond the next quarter’s results.”
Finalists will be announced at the end of October, and a winner will be celebrated as the guests of honour at a gala dinner at the Royal York Hotel in Toronto on November 19, 2013. The winning business will receive a specially-commissioned Private Business Growth Award commemorative trophy and will have their accomplishments highlighted on the Private Business Growth Award website, in print advertisements and in a news release. The winning business will also receive a one-year complimentary membership to the Canadian Chamber of Commerce and accounting and/or advisory services from Grant Thornton LLP, valued at $10,000.
Nominations for this national award are open to Canadian-owned, privately-held businesses with annual revenues over $5 million. The deadline for nominations is August 30, 2013 and all submissions must be received by October 11, 2013.
For more information or to make a nomination or submission, please visit PrivateBusinessGrowthAward.com.
For further information
Senior Manager, Media Relations
Grant Thornton LLP
T +1 (416) 647-2745
Director, Public Affairs and Media Relations
The Canadian Chamber of Commerce
T +1 (613) 238-4000, ext. 231
About Grant Thornton LLP
Grant Thornton LLP is a leading Canadian accounting and advisory firm providing audit, tax and advisory services to private and public organizations. We help dynamic organizations unlock their potential for growth by providing meaningful, actionable advice through a broad range of services. Together with the Quebec firm Raymond Chabot Grant Thornton LLP, Grant Thornton in Canada has approximately 4,000 people in offices across Canada. Grant Thornton LLP is a Canadian member of Grant Thornton International Ltd, whose member firms operate in close to 100 countries worldwide.
About the Canadian Chamber of Commerce
The Canadian Chamber of Commerce is the vital connection between business and the federal government. Through its network of over 450 chambers of commerce and boards of trade, representing 200,000 businesses of all sizes in all sectors of the economy and in all regions, it helps shape public policy and decision-making to the benefit of businesses, communities and families across Canada.