South Carolina Business Awards, home of the Official SC 25 Fastest Growing Companies® program, announced that Milliken & Company is the recipient of the 2020 South Carolina Economic Impact Award.

Organizers say the SC Economic Impact Award, sponsored by BMW Manufacturing Co., is one of the most prestigious award recognitions a company can receive. It recognizes companies in the Palmetto State whose activities have produced what are considered extraordinary results.

The award honors companies from all regions of the state and across multiple industries for their considerable contributions to South Carolina’s economy.

“It is an honor for BMW to sponsor The SC Economic Impact Award and recognize Milliken & Company for contributing to the growth and sustainability of our great state,” says Max Metcalf, manager, government and community relations for BMW Manufacturing Co.

“I speak for our associates across South Carolina when I say it is an honor to receive the SC Economic Impact Award,” says Halsey Cook, president & CEO for Milliken & Company. “Our roots are firmly planted in the state—more than 3,000 associates from 15 locations in South Carolina come together each day to positively impact our world manufacturing a range of innovative textile, chemical, floor covering and healthcare solutions. Our commitment here inspires our geographic footprint globally, emphasizing the importance of supporting the communities in which we live and work.”

Additionally, at the SC 25 Fastest Growing Companies® awards ceremony, four companies will be rewarded with South Carolina Excellence in Business awards.

Organizers say the companies represent the exceptional work recorded across the state of South Carolina through revenue growth, longevity of their employees, longevity of their  clients/customers and community outreach.

The companies that will receive the recognition are:

Revenue - JEAR Logistics 

Philanthropy – Defender Services

Client Retention – New South Construction Supply 

Employee Retention - McMillan Pazdan Smith

In addition, the Rising Star Award recognizes a company that is establishing itself in the Palmetto State and a company to watch for its future activities. This year’s Rising Star is Palmetto Technology Group.

The Capital Corporation presents The SC 25 Fastest Growing Companies® Business Awards with co-sponsors Integrated Media Publishing (publisher of Greenville Business Magazine, Columbia Business Monthly and Charleston Business Magazine), and HUB International Carolinas.

The awards ceremony will be Tuesday, Oct. 27, at 11:30 a.m. at the Capital City Club: Governor’s Ballroom, 1201 Main Street, Suite 2500 Columbia, SC 29201.

The keynote speaker will be Jim Newsome, III, president and CEO of South Carolina Ports Authority. To learn more about South Carolina Business Awards go to www.scbusinessawards.com

Methodology: Criteria for Economic Impact: The nominee should be headquartered in South Carolina and have been in operations for at least 10 consecutive fiscal years with reported minimum revenues of $100 Million in the last fiscal year for judging. The nominee also exhibits involvement in the community and its footprint in the state.

Criteria for Excellence in Business: Nominated companies must have cumulative revenue growth for the last three fiscal years plus (i) employee retention by reporting the average tenure of full-time employees as of the company’s last fiscal year, (ii) customer/client retention by reporting the average tenure of the company’s top ten customer/client as of the company’s last fiscal year. (iii) community involvement by the number of employees that participate in community philanthropic activities supported by the company in the last fiscal year.

The Capital Corporation has been helping middle market companies achieve their financial objectives since 1991. With hundreds of closed transactions, The Capital Corporation is one of the most successful middle market investment banking firms in the country.

As an exclusive member of IMAP, The Capital Corporation is part of the world's largest alliance of independent M&A advisory firms. With more than 60 offices in over 40 countries, IMAP offers local expertise with unparalleled global connections.

In 2019, IMAP ranked seventh in the world for completed transactions with values up to $500 Million according to the Thomson Reuters Mid-Market League Table.

For more information, go to www.thecapitalcorp.com.