first_imgOn Wednesday, May 21, amid a flurry of anticipation at the Vermont Business EXPO opening ceremony, Governor James Douglas presented NRG Systems, Inc of Hinesburg with the Deane C. Davis Oustanding Business of the Year Award.Named after former Governor Deane C. Davis (1900-1990) and co-sponsored by the Vermont Chamber of Commerce and Vermont Business Magazine, 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.Now in its fourteenth year, the award is cloaked in secrecy, with three finalists hoping to hear their name at the moment the winner is announced. This year’s finalists include CVPS and The Vermont Teddy Bear Company in addition to the winning company, NRG Systems, Inc.In January 2003, Vermont Business Magazine named NRG Systems, Inc. the second fastest growing company in Vermont over the past ten years. For more than 20 years, NRG Systems, Inc., has served one of the world’s thriving industries: wind energy. With revenue growth of 1,166% since 1992, NRG continues to grow an average of 30% each year. In five years, sales are expected to reach $40 – $50 million through serving a diverse customer base comprised of electric utilities, wind farm developers, research institutes, government agencies, universities, and homeowners.On the homefront, NRG contributes to the Vermont economy by providing well-paying, high-skill jobs. NRG currently employs 35 people in its Hinesburg facility; in five years, its workforce is expected to grow to 90 individuals. A new 46,000 square foot corporate headquarters is planned. A model for sustainable businesses in Vermont, the building will be powered by renewable energy and will incorporate the latest technology in energy efficient design. Every day, NRG works with the goal “to manage a well-run, profitable company where employees feel good about coming to work.”Past Deane C. Davis Oustanding Business of the Year award winners include Wild Apple Graphics, Smugglers’ Notch Resort, Cabot Creamery, and Waitsfield & Champlain Valley Telecom.The award presentation kicked off EXPO, May 21 and May 22 at the Sheraton Burlington Hotel and Conference Center. With nearly 3000 attendees, 200 exhibitors, and over two dozen business seminars and networking events, Northern New England’s largest business trade show is the annual reunion of the Vermont Business community. The theme of the 2003 EXPO was “Entrepreneurship, Innovation, Excellence: Survive and Thrive in the Vermont Economy.”last_img

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