 Inc. Magazine Reveals America’s 500 Fastest-Growing Private Companies
Atlanta executive search firm CarterBaldwin ranks #256 on the list, with an impressive three-year sales growth of 479%
NEW YORK/ATLANTA – October 19, 2005 – Inc. Magazine, the premier publication for small and medium-sized businesses, today released its 24th annual Inc. 500 ranking of the fastest-growing private companies in the country. CarterBaldwin, a premier executive search firm, ranks #256 on the list, with a three-year sales growth of 479%. The Inc. 500 can be found in the November issue, which appears on newsstands November 1.
The companies that made this list represent the vanguard of American industry, posting an average three-year sales growth of 769%. Inc. 500 companies posted aggregate 2004 revenue of $15.9 billion, and 84% of them were profitable. Most importantly, Inc. 500 companies were engines of job growth, having created more than 95,000 jobs since the companies were founded.
The Inc. 500 list generated 25,180 new jobs in the past year alone, a stunning 35% year-over-year increase. Compare this with the total number of employees among Fortune 500 companies, which declined in 2001, 2002, and 2003 before experiencing a 1.3% uptick of 306,045 jobs in 2004.
“When you look at the amazing job growth among Inc. 500 companies and contrast it with the stagnation in the Fortune 500, it underscores the changing nature of our economy,” said Jim Melloan, project manager for the Inc. 500. “With unprecedented global competition, companies have to be able to turn on a dime and discover innovative new ways of doing business. Increasingly, it’s the smaller, agile companies like those on the Inc. 500 that are best equipped to meet these challenges.”
According to CarterBaldwin’s Managing Partner, Jennifer Poole Sobocinski, “This recognition underscores CarterBaldwin’s success since our inception in 2001, which could not have been realized without the hard work and dedication of our great team.” Poole continues, “The past two years have been a challenge for the search industry in general, and this honor is certainly a testament to our company’s skill in locating and securing top executive talent in any economy.”
The Inc. 500 ranks privately held companies according to year-over-year sales growth from 2001 to 2004. With approximately 75% of all new job creation in the U.S. coming from entrepreneurial businesses, the Inc. 500 opens a window onto the companies and industries that are driving the economy forward. Over the years, the Inc. 500 has identified the next generation of world-class companies, with Microsoft, Stonyfield Farms, Timberland, Oracle, The Princeton Review, Morningstar, Jamba Juice, Gateway, E*Trade, Intuit, and Domino’s Pizza all appearing on the list before they became industry powerhouses.
About CarterBaldwin
CarterBaldwin is a premier executive search firm focused on identifying top industry leaders, including CEOs, Board Members, Vice Presidents and Directors, for dynamic companies throughout the United States. With more than 40 years of combined experience, the partners at CarterBaldwin have a proven track record of delivering personalized, high quality search services to their clients who include leading Fortune 500 companies, medium-sized businesses and pre-profit startups across multiple industries. For more information, visit www.carterbaldwin.com.
About Inc.
Inc., the only major business magazine dedicated exclusively to owners and managers of growing private companies, delivers real solutions for today’s innovative company builders. It provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Inc. is also the only publication that focuses on small to medium-size businesses, responsible for more than half the nation’s gross domestic product and 70% of its new jobs. And Inc. looks beyond work to address the entrepreneurial lifestyle. Inc., a Mansueto Ventures LLC publication, inspires and informs, with cutting-edge coverage that reflects our readers’ energy, brashness, and imagination. For more information, visit www.inc.com.
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For more information about this topic, or to schedule an interview with CarterBaldwin, please call Noelle Abarelli at (404) 377-9831 or e-mail noelle@soleadomarketing.com.
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