Inc. magazine’s new list of the fastest growing privately held companies in the United States includes 17 Idaho companies. Yes, that’s 0.34 percent of the nation’s top companies, located right here in Idaho.
But we’re not at the bottom of the list. Wyoming, Hawaii and Alaska each have just three companies in the top 5,000. And Arkansas, Mississippi, Montana, the Dakotas and West Virginia all have fewer fastest-growing companies than Idaho.
That’s right about where we should be. With the 39th largest population in the nation, having fewer exploding businesses than 40 other states is about right. And with just one half of one percent of the nation’s population living in Idaho, hosting 0.34 percent of the fastest-growing private businesses isn’t too bad.
The Idaho companies that fit in with the nation’s fastest growing (by percent increase in revenue) are:
#513 PalmerCash.com, Boise
#692 M2M Communications, Boise
#1334 Mullen Crane & Transport, Soda Springs
#1588 B & B Builders, Rigby
#1907 North Wind, Idaho Falls
#1238 Economic Modeling Specialists, Moscow
#2148 Bodybuilding.com, Boise
#2239, Pita Pit, Coeur d’Alene
#3009 Birch Creek Millwork, Terreton
#3279 Petra, Meridian
#3846 TitleOne, Boise
#3990 Sloan Security Fencing, Boise
$4004 Business Psychology Associates, Boise
#4054 Alloway Electric, Garden City
#4231 Phoenix Lumber, Blackfoot
#4747 CD World, Idaho Falls
#4925, Employers Resource Management Company, Boise
PalmerCash.com grew by 616.2 percent between 2004 and 2007, and Employers Resource Management Company grew by 43 percent in that same time period. To qualify for the rankings, companies must have been generating revenue by the first week in 2004. They had to be U.S.-based, privately held, for profit, and independent as of the end of 2007. Revenue had to be at least $200,000 in 2004 and $2 million in 2007.
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