News | Aug 26, 2020 | Christine Furey
Arora is Named One of Philadelphia Business Journal’s Soaring 76
Arora is proud to be recognized as one of Philadelphia Business Journal’s Soaring 76 companies for 2020. The Soaring 76 is part of an initiative to identify and recognize the fastest-growing companies in the Philadelphia region.
The Soaring 76 list is compiled from nominations of qualifying private companies with rankings based off several qualifications including:
- Companies must be independently owned with no parent company
- Revenue growth over a three-year period from 2017 through 2019
- At least $750,000 in revenue in 2017 and at least $2 million in revenue in 2019
- Average of the percent change in revenue from 2017 to 2018 and the percent change from 2018 to 2019
Winners were featured in the Philadelphia Business Journal’s news announcement, with the final rankings being revealed in a special publication this fall. The winners will also be recognized during the Soaring 76 Virtual Awards Program being held on October 20, 2020.
Michael Potter, Managing Editor of the Philadelphia Business Journal, highlighted how significant this initiative is during the global pandemic of COVID-19. He stated, “In the midst of business restrictions and closures, it’s easy to forget that Greater Philadelphia’s business community was riding high before the pandemic came along. It’s also more difficult to recognize that another ‘s’ – success – still abounds. These victories may be less prominent, somewhat obscured by the current crisis and the daunting recovery work at hand, but they are both impressive and worth celebrating – perhaps now more than ever.”