Inc. Magazine Unveils Its Fourth Annual Exclusive List of America’s Fastest-Growing Private Companies—the Inc. 500 and 5000

08/27/2010

Fourteen Utah Companies rank in top 500 and eighty-one companies make top 5000

Inc. magazine has just announced its fourth annual Inc. 500/5000, an exclusive ranking of the nation's fastest-growing private companies.

ebizQ received the following:

The list represents the most comprehensive look at the most important segment of the economy—America’s independent-minded entrepreneurs. The 5000 companies generated $322 billion in revenue, up 50 percent over last year. The companies on this year’s list employ a record 1.4 million people.

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In the top 500 companies ranked by their three year sales growth from 2006-2009, Utah boasted 14 firms who generated combined sales revenue of $247 million. All 81 Utah companies that made the top 5000 fastest growing companies in the country generated $1.724 billion in revenues.

Utah based Funding Universe; the highest rated company on the 500 list was ranked at #34. It matches qualified entrepreneurs with lenders, investors, and other funding sources. The company’s experienced analysts’ finds quality investment opportunities and puts client businesses through an in-depth due diligence and pre-screening process prior to introducing them to a network of accredited investors.

Molding Box from Draper, ranked #71 overall, but was recognized by Inc. magazine in two specialized categories. The company came in #2 among Logistics and Transportation Companies, as well as #8 in Top ten Hispanic or Latino run companies. Molding Box specializes in direct-to-consumer fulfillment, including printing, labeling, CD and DVD duplication, packaging, and shipping.

The third highest ranked Utah company was ranked #100 on the Inc.500 list. SwarmBuilder.com is a leading provider of word-of-mouth marketing services for Brands, Retailers, and Member Organizations. The top ranking was a result of their first submission to the competition.

The other 78 Utah companies on the list covered a wide range of industries that showed the diversity of innovation and entrepreneurship found among Utah companies.

The 2010 Inc. 5000, listed on Inc.com, serves as a unique illustration of the profound changes taking place in the U.S. economy. The Government Services sector showed the biggest gain in terms of the number of companies on the list, up 33 percent from last year to 335 companies. Government Services was also the second-fastest-growing sector in terms of median revenue growth, posting a 202 percent gain over the 2006-2009 measuring period.

The fastest-growing sector by median revenue growth was Real Estate, now just a tiny group of 38 young, small companies, which showed 231 percent median growth over the period. (There were 121 Real Estate firms on the inaugural Inc. 5000 in 2007.) Business Products & Services is the top industry by number of companies on the list (640) and total revenue ($80.7 billion), while Health is the biggest by total employment (287,726 jobs).

Despite the fact that most of this year’s measuring period of 2006-2009 took place during the latest recession, aggregate revenue among the companies on the list actually increased to $321.6 billion, up more than 50 percent from last year. The effects of the recession are seen, however, in the median three-year growth rate, which dropped to 96 percent from last year’s 126 percent. This year’s Inc. 5000 employ a record 1.4 million people, up from one million on last year’s list. With unemployment remaining stubbornly high, policymakers and business leaders will do well to look to the Inc. 5000 companies for fresh ideas on achieving growth and creating jobs.

“The leaders of the companies on this year’s Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression,” said Inc. president Bob LaPointe. “The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs.”

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/5000.

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