NEW YORK, Aug. 20 /PRNewswire/ -- Inc.com, the online arm of Inc. magazine
today announced its annual ranking of the 5000 fastest-growing private
companies in the country. The list is the most comprehensive look at the most
important segment of the economy -- America's independent-minded
entrepreneurs.
The 5000 companies that made the list reported aggregate revenue of $185
billion and median three-year growth of 147 percent. Most important, the 2008
Inc. 5000 companies were engines of job growth, having created more than
826,033 jobs since those companies were founded. Complete results of the Inc.
5000, including company profiles and a list of the fastest-growing companies
that can be sorted by industry and region can be found at www.inc5000.com.
"Our second annual Inc. 5000 continues the most ambitious project in
business journalism," said Inc. 5000 Project Manager Jim Melloan. "The Inc.
5000 gives an unrivalled portrait of young, underreported companies across all
industries doing fascinating things with cutting-edge business models, as well
as older companies that are still showing impressive growth."
Hottest Regions for Fastest-Growing Companies
The New York metro area tops the Inc. 5000 list with the most companies of
any city with 355. Washington, D.C. comes in a close second with 300
companies on the list; Los Angeles comes in third with 244 companies, and
Atlanta (194 companies) and Chicago (189 companies) round out the top five.
Interestingly, only 62 companies on the Inc. 5000 are not based in
metropolitan areas.
Grand Rapids, Mich. leads the list with the highest median revenue of any
metro area ($26.2 million, 16 companies), followed by San Antonio, Texas
($21.3 million, 25 companies), Baton Rouge, La. ($18.8 million, 14 companies),
Houston ($17.1 million, 97 companies), and Kansas City, Mo.-Kan. ($16.5
million, 39 companies).
Hottest Industries for Fastest-Growing Businesses
The most notable median growth categories among the Inc. 5000
fastest-growing businesses are in the Energy category (which grew by 298%),
followed by Government Services (which grew by 220%), Security (200% growth),
IT Services and Software (both grew by 187%), and Consulting (which grew by
182% on average).
The largest business category is IT Services, with 579 Inc. 5000
companies. Business Services (532 companies), Construction (459),
Manufacturing (405), and Advertising & Marketing (361) complete the top five
industries ranked on the 2008 Inc. 5000.
Industries reporting the highest median revenue are Travel ($38.8
million), Financial Services ($16.3 million), Logistics ($15.4 million)
Government Services ($14.2 million), and Energy ($14.2 million).
The Inc. 5000 list tends to capture larger, more mature companies, some
with revenues well into the billions. In fact, this year's list includes the
largest company ever to make an Inc. 500 or Inc. 5000 list, the global
construction firm CH2M Hill, with $5.8 billion in 2007 revenue. Among many
other things, CH2M Hill is helping build MasdarCity, the world's first
zero-carbon, zero-waste city, in Abu Dhabi. The chart below highlights some of
the Inc. 5000's biggest players.
Top 10 Inc. 5,000 Companies Ranked by Gross Dollars of Growth:
Rank Company Location Gross $ 2008 Industry
Growth Growth
%
No. 3691 CH2M HILL Englewood, $2.7 85.15% Construction
CO billion
No. 3727 KingstonTechnology Fountain $2.1 83.67% Computers &
Valley, CA billion Electronics
No. 3150 Brightstar Miami, FL $1.9 109.88% Telecommun-
billion ications
No. 32 VIZIO Irvine, CA $1.8 4056.86% Computers &
billion Electronics
No. 2582 CoBank Greenwood, $1.6 141.40% Financial
CO billion Services
No. 4762 Visa San $1.2 47.80% Financial
Francisco, billion Services
CA
No. 3429 Mortenson Minne- $1.0 96.73% Construction
Construction apolis, MN billion
No. 4320 JE Dunn Kansas $1.0 62.26% Construction
Construction Group City, MO billion
No. 4247 Petters Group Minnetonka, $9.0 64.29% Financial
Worldwide MN million Services
No. 4335 Express Employment Oklahoma, $7.3 61.75% Human
Professionals OK million Resources
Top 10 Inc. 5000 Companies Ranked by Revenue:
Rank Company Location 2007 Industry
Revenue
No. 3691 CH2M Hill Englewood, CO $5.8 Construction
billion
No. 3727 KingstonTechnology Fountain Valley, CA $4.5 Computers &
billion Electronics
No. 3150 Brightstar Miami, FL $3.7 Telecommun-
billion ications
No. 4672 Visa San Francisco, CA $3.59 Financial
billion Services
No. 2582 CoBank Greenwood Village, $2.8 Financial
CO billion Services
No. 4320 JE Dunn Kansas City, MO $2.6 Construction
Construction Group billion
No. 4247 Petters Group Minnetonka, MN $2.3 Financial
Worldwide billion Services
No. 3429 Mortenson Minneapolis, MN $2.1 Construction
Construction billion
No. 32 VIZIO Irvine, CA $1.9 Computers &
billion Electronics
No. 4335 Express Employment Oklahoma City, OK $1.9 Human
Professionals billion Resources
Methodology
The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007.
To qualify, companies must be U.S.-based and privately held, independent --
not subsidiaries or divisions of other companies -- as of December 31, 2007,
and have had at least $200,000 in revenue in 2004, and $2 million in 2007.
Companies can apply for next year's Inc. 5000 by registering with
"IncBizNet, Business Network for Private Companies", at www.incbiznet.com.
About Inc.com
Inc.com, the daily resource for entrepreneurs, delivers how-to guides,
advice, tools, breaking news, and rich multi-media to help business owners and
CEOs start, run, and grow their businesses. Inc.com offers dynamic marketing
solutions to help advertisers effectively reach Inc.com's audience of business
leaders. Visit http://www.inc.com.
About Inc. 500|Inc. 5000 Conference
Each year, Inc. magazine and Inc.com celebrate the remarkable achievements
of today's entrepreneurial superstars -- the privately held small businesses
that drive our economy. The Inc. 500|Inc. 5000 Conference brings together
members of the Inc. 5000 community -- both a new class of Inc. 5000 honorees
and the list's alumni -- for three days of powerful networking, inspired
learning, and momentous celebration. For the first time ever, this powerful
networking event is open to all. Please join us September 18-20, 2008 at the
Gaylord National Resort and Convention Center in Washington, D.C. For more
information or to register, visit www.Inc500Conference.com or call us at
877-211-0489.