Local company Coast Mountain Wireless has been named one of the top 100 companies in the province measured by percentage growth in revenue over the past five years.
The ranking, compiled by business magazine Business in Vancouver, places the local communications company at 54th out of 100 companies with a percentage revenue growth of 112.5 per cent – $1.6 million in revenues to $3.4 million – from 2009 to 2013.
Coast Mountain is also only one of three companies of the 100 on the list to be located outside of the Lower Mainland.
The first four companies on the list are mining companies with Boston Pizza and Lululemon Athletica also making an appearance.
Coast Mountain’s Rob Dykman said he was surprised and pleased to first receive a phone call and then a letter regarding the company’s placement.
“We’ve had some periods of ups and downs but I can tell you our growth has really come in the past two years,” he said last week.
Coast Mountain Wireless specializes in installing and maintaining communications networks in remote locations, often installing equipment on mountaintops.
Dykman said the company’s growth is being felt in its employee complement which has increased recently from 12 to 16 with projections of reaching 20 very soon.
Dykman and another Coast Mountain employee flew to Vancouver several weeks ago to attend a conference as part of the Top 100 magazine list.
He also took part in a panel discussion with two other business representatives, one from a large alternate energy company. “It felt a little intimidating a first,” said Dykman.
But he noted the opportunity gave him a chance to speak about Terrace and the north coast and the economic opportunities now in place here.
Dykman is the chair of the Terrace Economic Development Authority, the local agency charged with promoting Terrace and area.