MountainWest Capital Network Recognizes Nectar as Fastest Growing Company on 2025 Utah 100 List

Originally published here at PR Newswire

SALT LAKE CITY, Oct. 17, 2025 /PRNewswire/ -- MountainWest Capital Network (MWCN) recognized Nectar as the top company on the 2025 Utah 100 during its 31st annual awards event. First presented in 1994, the Utah 100 is MWCN's yearly list of the fastest-growing companies in the Beehive State.

"Nectar's success in helping companies transform their workplace cultures through meaningful appreciation and recognition tied to company values has been essential to their incredibly fast growth," said Chris Badger, chair of the MWCN Utah 100 committee. "The 2025 Utah 100 reflects several meaningful trends reshaping Utah's business landscape. While healthcare and healthcare-adjacent companies continue their upward trajectory, we're also seeing a significant rise in AI-focused businesses and a notable increase in construction-related businesses as more companies expand or relocate here from other markets."

The 2025 list also showcases remarkable staying power among Utah's top companies. Twenty-six companies on this year's Utah 100 have been consistently listed for the past five years or more, while four have earned recognition for the past 11 to 15 years. Four companies have been honored 16 or more times, with Zions Bancorporation and Layton Construction achieving recognition for more than 20 years.

The list of Utah 100 honorees was determined using a weighted calculation of percentage and dollar growth over a five year period, through December 2024. In addition, during the awards ceremonies, MWCN announced its annual Top 15 Revenue and Emerging Elite lists.

Companies in the Top 15 Revenue category are ranked based on the highest total dollar growth over the past five years. The Emerging Elite lists organizations less than five years old that show the most promise of future growth. Companies are only recognized in one category.