The Norwich–based Greek yogurt-maker Chobani topped all other area businesses appearing on a new list of the fastest-growing private companies in the country.
Inc. Magazine released its annual Inc. 5000 list yesterday, ranking the nation’s private firms with the most rapidly increasing revenue. Chobani ranked 117th on the list, ahead of all other businesses in the region and behind only four other companies in New York state.
Chobani secured its high ranking by posting three-year revenue growth of 2,662 percent between 2008 and 2011. The yogurt-maker tallied $633.9 million in revenue in 2011, up from $23 million in 2008.
(Sponsored)
The Influence of Economic Uncertainty on Business Value
Businesses face uncertain conditions today, including geopolitical and cybersecurity risks, inflation concerns, environmental issues, and a lack of clarity about future tax laws and interest rates. Here’s an overview of
The Importance of a Quality of Earnings Study
Are you planning to buy a business or sell your own business? If yes, then it is highly recommended to get a Quality of Earnings (QoE) study done. A QoE
The company also added 1,206 jobs in those three years, giving it 1,265 total employees, according to the magazine.
Companies’ ranks on the list reflect their percentage revenue growth between 2008 and 2011. The list includes only privately-held, for-profit firms that are independent and based in the United States. Its minimum revenue requirement for 2008 was $100,000, and its minimum revenue requirement for 2011 was $2 million.
The companies appearing on the 2012 list tallied a median growth rate of 97 percent. They reported creating a total of over 400,000 jobs over three years.
Other local companies on the Inc. 5000 include:
-Number 382 Envisage Information Systems, LLC of Lansing with three-year revenue growth of 983 percent
-900 Systems Made Simple of Salina with growth of 368 percent
-904 Servomation, Refreshments Inc. of Canastota with growth of 367 percent
-2349 The Fortus Group, Inc. of Utica with growth of 106 percent
-2989 SaveAround of Binghamton with growth of 73 percent
-2994 Giovanni Food Co., Inc. of DeWitt with growth of 73 percent
-3289 BlueRock Energy, Inc. of Syracuse with growth of 60 percent
-3302 Kona HR Consulting of Manlius with growth of 60 percent
-4021 DatapointLabs of Lansing with growth of 36 percent
-4065 Environmental Products & Services of Vermont, Inc. of Syracuse, with growth of 34 percent
-4113 Pinckney Hugo Group of Syracuse with growth of 33 percent
-4118 Webucator of DeWitt with growth of 33 percent
-4176 Finger Lakes Business Services of Auburn with growth of 31 percent
-4278 Annese & Associates, Inc. of Herkimer with growth of 28 percent
-4389 Avalon Document Services of Syracuse with growth of 25 percent
Contact Seltzer at rseltzer@cnybj.com
