The Greater Concord Chamber of Commerce announced that Inc. Magazine named three Chamber members to Inc.'s 2012 Top 5000 Fastest Growing Companies, which ranks the nation's fastest-growing private companies.
The New Hampshire-based companies appearing on this year's list are Mainstay Technologies, LLC (www.mstech.com), The Nagler Group (www.naglergroup.com), and the Bean Group (www.danhobson.com). They join Yelp, yogurt maker Chobani, Giftcards.com, and famed hatmaker Tilly's, among other prominent brands featured on this year's list. The Inc. 5000 list represents a comprehensive look at the most important segment of the economy-America's independent entrepreneurs.
We are thrilled to celebrate the achievement and rapid growth of these three locally active Chamber members, said Tim Sink, president of the Greater Concord Chamber of Commerce. The Inc. Magazine Top 5000 list is one of the most prestigious national awards in business, and we're proud to have these companies as active members in this chamber. They represent the many thriving, privately-held businesses that are strengthening our local, regional and national economy today.
In a stagnant economic environment, median growth rate of 2012 Inc. 5000 companies remains an impressive 97 percent. The companies on this year's list report having created more than 400,000 jobs in the past three years, and aggregate revenue among the honorees reached $299 billion.
Now, more than ever, we depend on Inc. 5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is, said Inc. Editor Eric Schurenberg.
In a letter to recipients, Schurenberg wrote, For more than 30 years, Inc. has celebrated the fastest-growing private companies in America. To be honored this year is a particularly notable achievement. To rank among the 2012 Inc. 5000, your company had to thrive through three of the toughest years this economy has seen in living memory. Your success in such times is eloquent testimony to your team's creativity, resilience, and tenacity. As an Inc. 5000 honoree, you now share a pedigree with Intuit, Zappos, Under Armour, Microsoft, Jamba Juice, Timberland, Clif Bar, Pandora, Patagonia, Oracle, and other notable alumni. The class of 2012 added such powerhouses as Chobani, CDW, Levi Strauss and a little social media company called Facebook. Welcome to a very exclusive club.
Representatives of the three NH companies weighed in on the recognition.
As a locally owned and operated business, we know how important the Greater Concord Chamber of Commerce's role is in making us successful, said Ryan Robinson, Mainstay Technologies' director of business development.
The 2012 Inc. 5000 is ranked according to percentage revenue growth when comparing 2008 to 2011. To qualify, companies must have been founded and generating revenue by March 31, 2008. They had to be U.S.-based, privately held, for profit, and independent-not subsidiaries or divisions of other companies-as of December 31, 2011. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2008 is $100,000; the minimum for 2011 is $2 million.
"It is an honor to be a part of a company that was named to the Inc. 5000. The continued growth of The Nagler Group is based upon the strength of the relationships we have developed and maintain with clients, job-seekers, and community organizations such as the Greater Concord Chamber of Commerce, said Jessica Beaudet, recruiting manager for The Nagler Group. I am proud to be part of a growing company, with a great team, all working together for the same goal.
As a Bean Group agent representing the Concord community, I'm very proud that my company was named to the Inc. 5000 list," said Daniel Hobson from the Bean Group.
Complete results of the list, 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.