2019 Outstanding Business of the Year Award
Named after former Governor Deane C Davis (1900-1990) and co-sponsored by the Vermont Chamber of Commerce and VermontBiz, the award is given to the Vermont company that embraces the unshakeable values that Davis brought to his office: enhancing the economy and championing the environment with the help of business and satisfied employees. Governor Deane C….
About this Event
Named after former Governor Deane C Davis (1900-1990) and co-sponsored by the Vermont Chamber of Commerce and VermontBiz, the award is given to the Vermont company that embraces the unshakeable values that Davis brought to his office: enhancing the economy and championing the environment with the help of business and satisfied employees.
Governor Deane C. Davis (1900 – 1990)
In 1968, at the age of 68, when most people look forward to enjoyment of retirement, Deane C. Davis was elected governor. Governor Davis brought considerable experience to the governor’s office (1969-1973), gleaned over many years as a lawyer, corporate officer and company president. He was a strong advocate of a sound economy based in a protected environment.
Governor Davis was known as the “Environmental Governor” because of his strong support for Act 250, which was enacted during his administration. He also championed a vigorous economic development program that resulted in the creation of the highly successful regional economic development corporations.
Criteria
The Standards of Excellence are the criteria that will be used in judging the nominees for the Outstanding Business of the Year Award. The following questions should be used as guidelines and examples for companies as they prepare their submissions for nomination. Please note, this award is designated to a for-profit business as the judging committee will take the growth of sales into consideration.
Demonstrated success by:
* Continued growth in number of employees and/or sales.
Does the company have a clear mission statement that allows sustainable growth for itself and its employees? Does the company’s goals and objectives create incentive for sustained growth? Does the company’s marketing strategy keep up with a constantly changing market place?
* Commitment of company resources, including employees to community projects.
Does the company have a community relations function at its corporate level? Does the company encourage employees to participate in community projects? Are company officers involved in community projects?
* Recognition of the environment as a natural and economic resource for Vermont.
Does company policy incorporate Vermont’s natural environment in the production or marketing of its product(s)? Is the company actively involved in the development of local, regional or state natural and economic environmental policies?
* Creation of a positive work environment for all employees.
Does the company involve its employees in operational policy creation? Does the company create incentives for employee participation in company and community projects? Does the company’s human resources policies provide for meaningful and continuing employee evaluation?
Standards of Excellence:
The Outstanding Business of the Year Award is the prestigious recognition of a company in Vermont who has met the highest standards of excellence in the past year to improving its sales, the work environment for its employees, and its contribution of its resources to its community.
The honoree has demonstrated success through:
- Continued growth in number of employees or sales
- Commitment of company resources, including employees to community projects
- Recognition of the environment as a natural and economic resource for Vermont
- Creation of a positive work environment for all employees
The economic well-being of Vermont rests squarely on the success of its businesses, large and small, which provide jobs, products, and services to consumers in Vermont, across the United States and around the world. Many companies in Vermont fully exemplify the Outstanding Vermont Business Standards of Excellence. They have used these standards as a guideline to improve their business, their employees and their community. These standards are relevant to all businesses, small and large.
Meeting the highest standards of excellence is the direct cause of the success of any business. Even if the market is ready and consumers are willing, the ability to attain the highest standards of excellence combined with a clear, definable mission statement is vital to any company’s longevity.
Eligibility:
To be eligible the nominated business must have its corporate headquarters in Vermont for at least 10 years. Subsidiaries of international corporations may also be nominated if their U.S. headquarters are based in Vermont and if they operate largely autonomously. Please note, this award is designated to a for-profit business as the judging committee will take the growth of sales into consideration.
General Information:
Anyone may nominate a business for the Outstanding Business of the Year Award. The nomination may be made by the business itself, a government agency, or interested individuals.
The screening committee may request additional information from nominators, references or the company itself for the judge’s consideration. All entries and supplementary materials will become the property of the VermontBiz and will not be returned. Decisions of the judging committee are final.
Because the Outstanding Business of the Year Award is designed to recognize the total commitment of a company, nominations should describe the entire scope of the company’s mission.
Accompanying Materials:
The online nomination form allows you to submit up to three supporting documents to your online nomination. Supporting documents are optional. Please submit as much background material as you feel necessary to support the statement. Additional materials may include, but are not limited to samples of company policies, mission statements, company annual reports, employee newsletters, program evaluation forms. If you are unable to submit accompanying materials online you may mail them to: VermontBiz, 365 Dorset Street, South Burlington, VT 05403.
Confidential Information:
In order for the Selection Committee to properly evaluate each application, it is helpful for us to have relevant information requested (sales figures and employee count). This information is CONFIDENTIAL and will not be shared with anyone other than the Selection Committee. Copies will be destroyed following the selection. Please include this information with your application.
OUTSTANDING BUSINESS AWARD WINNERS
1990 WALLACE ENTERPRISES
1991 C & S WHOLESALEGROCERS
1992 MCKENZIE MEATS
1993 PERRY RESTAURANT GROUP
1994 GREEN MOUNTAIN COFFEE ROASTERS
1995 VERMONT HEATING & VENTILATING
1996 MACKMOLDING COMPANY
1997 SMUGGLERS’ NOTCH RESORT
1998 VERMONT COUNTRY STORE
1999 CABOT CREAMERY
2000 WAITSFIELD CHAMPLAIN VALLEY TELECOM
2001 WILD APPLE GRAPHICS
2002 NRG SYSTEMS
2003 HUBBARDTON FORGE
2004 IDX
2005 KING ARTHUR FLOUR
2006 RSG
2007 SYMQUEST GROUP INC
2008 NATIONAL LIFE GROUP
2009 BIOTEK INSTRUMENTS INC
2010 SMALL DOG ELECTRONICS
2011 FOLEY FAMILY OF COMPANIES
2012 GW PLASTICS, INC.
2013 DEALER.COM
2014 CHAMPLAIN CABLE
2015 PC Construction
2016 Marathon Health
2017 Vermont Mutual Insurance Group
2018 Green Mountain Power
Winners
Chroma Technology named the 2019 Deane C Davis Award winner
Vermont is home to unique kinds of businesses, ones that are good to their employees and their customers, the environment and the world. Every year, Vermont Business Magazine and the Vermont Chamber of Commerce honor a Vermont business that demonstrates an outstanding history of sustained growth while displaying an acute awareness of what makes Vermont unique.
The Deane C Davis Outstanding Vermont Business of the Year Award, named for the former Vermont governor and established in 1990, marks its 30th year of presenting this award to a deserving recipient. This year we are proud to announce that Chroma Technology Corp of Bellows Falls is the 2019 award winner.
Out of a list of 13 nominations, a panel of distinguished judges had the difficult task of determining the 2019 winner.
In these unprecedented times with the Covid-19 pandemic, Vermont Business Magazine and the Vermont Chamber decided to have the judges pick only the winner and not the top three finalists. There will be no formal presentation of the award and the plaque will be presented to Chroma Technology Corp, in a safe manner for everyone.
“Chroma has shown great merit for the Deane C Davis Award. Like Davis himself—former governor, president of National Life of Vermont, and environmentalist—Chroma reflects Vermont’s diverse nature and, at the same time, radiates a savvy business sense” commented John Boutin, Publisher of Vermont Business Magazine. “Chroma Technology’s designation as the winner of the Deane C. Davis Outstanding Business of the Year is a culmination of many years of success as a leading advanced manufacturer in Vermont. It’s great to see a local company grow to such success in our state,” said Betsy Bishop, President of the Vermont Chamber of Commerce.
A 100 percent employee-owned company, Chroma Technology produces optical filters for the scientific, biomedical, photonics and imaging and detection industries. The filters and mirrors that Chroma manufactures are used in microscopes, DNA sequencers and clinical diagnostic devices, among other applications.
Chroma was founded in 1991 by six people who believed that it was possible to do well in business by doing good. Six people who believed that sharing ownership broadly within a company was the right thing to do and made good business sense. Chroma’s growth from a small shop in a rented incubator space in Brattleboro serving a handful of individual scientists to an almost $40 million company with over 130 employees and customers all over the world has proven them right. As owners the employees share in the company’s profits and amass equity as the company’s value increases over time.
In the two years, Chroma opened a new $22 million expansion in Bellows Falls that promised to add or retain 133 jobs in the town. Founded in Brattleboro in 1991, the company has a worldwide customer base with established offices in Europe and Asia.
“Chroma Technology is the 2019 Deane C Davis Award winner, not only due to its commitment to its employees and the environment, but because it does that in a way that represents Vermont well”, said Boutin.
