Programs

Fast 100 Asian American Businesses

Overview

Strategic Value

  • Receive attention from Fortune 500 Corporations’ procurement departments and government agencies
  • Nationwide recognition
  • Increased possibility for contract opportunities due to publicity
  • Media coverage by renowned regional and national newspapers and magazines

Eligibility

  • Ownership: At least 51% of the Business must be owned and managed by Asian Americans (U.S. Citizen or Permanent Resident)
  • Revenue: At least $1 million in annual revenue in the immediate past 2 fiscal years of operation
  • Personal Appearance: Company President/CEO must be able to receive the Award in person

Judging Process, Final Decision, and Result Announcement

The selection is determined based on the applicant/nominee's gross revenue percentage growth rate from the past two years. There will be two groups: product-focused company and service-focused company. An applicant/nominee will compete in the group based on its business focus (product or service). Applicants/nominees will receive the results in late February, via direct emails/calls.

USPAACC will officially reveal the awardees to the public at the CelebrAsian 2022 Procurement + Business Conference and pre-conference promotions.

Nomination/Application Timeline

We will start the nomination/application process in November 2021. Please sign up our newsletter for updates and receive a notification when the process starts!

FAQs

How much does it cost to apply for the award?
No application fee or donation required.

Why do I need to provide my external CPA’s information and my revenue information?
The result of the Fast 100 Asian American Business is based on the percentage growth rate of your annual revenue. We request your CPA’s information to verify the gross revenue numbers provided by you.

Who will have access to my information?
USPAACC staff members who work on the award will have access to your information. We keep your information confidential in the process and afterwards.

I have been in business for only 2 years. My first year’s revenue did not reach $1 million. My business has been growing fast and reached $ 1 million in annual revenue in the second year. Is my business eligible to apply for the award?
In this case, you are not eligible this year. The revenue for each year must reach $1 million. We look forward to your application next year!

When will USPAACC inform me about the result?
We will inform applicants about their results via email and phone call in late February, so the awardees can plan their registration & trip to receive the award.

If our CEO/President cannot attend CelebrAsian Procurement + Business Conference, can my company still be ranked as Fast 100 Asian American Business?
CEO/President’s appearance is mandatory. If your CEO/ President cannot attend the event in person, please send executive(s) to represent them.

Does the CEO/President/executive(s) who will represent our company to receive the Fast 100 award need to pay for the registration fee to attend the award ceremony?
Yes.