Eight Minnesota-based companies were recognized by Inc. Magazine on its annual “Inc. 500” list that tracks the nation’s 500 fastest-growing privately held businesses.
Twin Cities Business reports that it's the third year in a row that eight Minnesota companies made Inc.'s list. They include companies that operate a global networking website, a solar panel installer and a business that helps health clubs with marketing. See the full list below.
The Business Journal reports that 88 local businesses appear on the larger “Inc. 5,000” list.
U.S. companies that are independent (not a subsidiary or a division of another company) are eligible for the annual list. To be considered, companies must have begun generating revenue by March 31, 2009, must have reported no less than $100,000 in 2009 and no less than $2 million in 2012, and must have had 2012 sales exceeding their 2009 revenue. The final list is ranked based on a three-year revenue growth rate.
The eight on the list:
-Field Nation, Minneapolis, a networking website that connects employers with individual work contractors, ranked 44th
-Star Collaborative,Plymouth, professional services staffing firm, ranked 138th
-All Around Property Preservation, Medina, residential contractor , ranked 139th
GarbageMan, A Green Company, Plymouth, garbage collection and disposal, came in at 209th
SimpleRay, LLC, St. Paul, solar panel sales and installation, ranked 320th
-Fitness On Request, Inc., Maple Grove, software for fitness facilities, ranked 355th
Magnet 360, Minneapolis, marketing and technology consulting, ranked 360th
<style="text-align: left;">-Channel Partners, Maple Grove, short-term capital loans and cash advances for small businesses, ranked 392nd