Springwood Among Central PA’s Fastest Growing Companies

Springwood Companies is proud to announce its rank of “37” on the fifteenth annual list of the fifty top businesses making significant contributions to the growth, strength and success of theCentral PA economy.

“The combined strength of our hotel and multifamily divisions has driven significant returns for our investors in recent years.  It is an honor to be recognized by the business community for the growth that has led to this accomplishment,” saidDavid Hogg, CEO of the Springwood Companies.

The Central Penn Business Journal hosted an awards breakfast event Friday at the Hilton Harrisburg to recognize the winners and announce their ranks. In addition, the “Top 50 Fastest Growing Companies” will be profiled in a special supplement to the September 23, 2011 issue, with information on each company’s financial growth.

In order to be eligible for nomination, companies had to be public or private, for-profit entities headquartered in Adams,Cumberland, Dauphin,Lancaster,Lebanon, Perry orYorkCounty. They were required to show revenue of at least $500,000 in each of the fiscal years ending 2008, 2009, and 2010; then demonstrate revenue growth for 2010 as compared to 2008.

SF&Company calculated the nominations and then ranked the companies according to revenue growth over the three-year period. Both dollar and percentage increases were taken into consideration, which led to the list of the 2011 Top 50 Fastest Growing Companies, consisting of both large and small companies.

Springwood Companies, based inYork,PA, have developed and operate more than one million square feet of property in centralPennsylvania, including nearly 450 hotel guest rooms and nearly 700 apartments.  It has been honored with numerous industry awards for operational excellence.  Its hotel developments are funded by private individuals seeking portfolio diversification and better-than-stock-market returns.

The “Top 50 Fastest Growing Companies Awards” are a program of the Central Penn Business Journal and is presented by SF&Company.  More information about the awards program and winners can be found on the Central Penn Business Journal’s website at www.CentralPennBusiness.com.

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