Boston, MA (April 9, 2020) — The Boston Business Journal has named Vaillancourt Folk Art to its exclusive 2020 Fast 50 list, which represent the 50 fastest-growing private companies in Massachusetts.

The Fast 50 companies are selected and ranked based on a formula that counts revenue growth from 2016 to 2019.

“In the last 30 some odd years the Christmas industry, like most others, moved production to China. The result was less expensive “throw away” decorations. For us, we made the decision early on to grow quality—not quantity—so that our pieces would indeed be passed down throughout generations. Looking back, that decision not only saved us, has differentiated us resulting in continued growth over the last 10 years,” said Gary Vaillancourt, President of Vaillancourt Folk Art. He continued, “To be recognized by the Boston Business Journal is an honor—especially when you look at the high-tech companies that have also been recognized. To be a brick-and-mortar, American Christmas company is significant in today’s market.”

The numbers were crunched and analyzed by the Business Journal’s research department and by the media company’s Fast 50 partner, Withum.

“At a time when positive business news is hard to come by, the privately held companies included among this year’s Fast 50 have something to celebrate indeed,” Carolyn M. Jones, market president and publisher of the Boston Business Journal, said. “The COVID-19 crisis has changed the way we work and live; and like many others, we have reimagined our event and content to ensure the health and safety of all. Our celebration, originally scheduled to be held on May 20, is now expected to be held in November.” 

A Fast 50 special publication is scheduled to run in the May 22 weekly edition of the Business Journal. A second publication, complete with rankings by revenue, will be published in conjunction with the Fast 50 event at the Aloft Hotel Seaport in South Boston, where we will announce the actual rankings.
Companies on the Fast 50 must have their headquarters in Massachusetts and must have reported revenue of at least $500,000 in 2016 and $1 million in 2019 were considered. 

For the complete list of 2020 Fast 50 companies, visit the BBJ’s website here

The Boston Business Journal is the region’s premier business media organization, one of 43 markets owned by American City Business Journals. For marketing and sponsorship opportunities, contact the Business Journal today.