The Cascade Capital Corporation Business Growth Awards have included Midwest on their 2019 Honor Roll thanks to our past growth and ambitious future goals.
We’re pleased to announce that Midwest Industrial Supply, Inc. has been recognized by the Cascade Capital Corporation’s 2019 Business Growth Awards as an official Honoree. For the second year in a row, Midwest is thrilled to be one of just a handful of businesses in Northeastern Ohio celebrated for sustained growth and success.
In awarding this recognition, Cascade explains how the team at Midwest “has grown steadily over more than four decades through strategic acquisition, expansion of its manufacturing capabilities, and a world-class staff.” Midwest’s spot on the Manufacturing Honor Roll solidifies its place as one of the most successful and fastest-growing businesses in the region.
Supporting Regional Growth
To receive a Cascade Capital Corporation Business Growth Award, eligible companies need to either increase their sales level by 100% or $5 million, or increase their employee base by 50% or 25 people. In order to qualify, either increase needs to have occurred within the past five years. Businesses should be operating within Summit, Medina, Portage, Stark, Wayne, Ashland, or Holmes counties in Northeastern Ohio, according to Smart Business magazine.
Midwest has more than met these thresholds, thanks in part to our recent acquisition of local competitor SynTech Products Corporation. In fact, our team has more than doubled the number of employees and boosted annual revenue by 200% since 2010. These growth benchmarks demonstrate Midwest’s commitment to the regional economy of Northeastern Ohio and investments in new infrastructure and job opportunities.
Midwest Going Forward
We couldn’t be more excited to be honored by the Cascade Capital Corporation Business Growth Awards, but we’re just getting started. With plans for a new manufacturing plant in development and a goal to double revenues by 2025, Midwest is laying the foundation for a future of strong growth, staff development, and regional investment.
Midwest loved attending the 2019 Cascade Capital Corporation Business Growth Awards ceremony at Akron’s John S. Knight Center, and we’re honored to have shared the stage with other innovative companies from across the area. Our team is grateful for Cascade’s recognition and hopes to continue contributing to the dynamic and industrious Northeastern Ohio region.