Small Business & Startups

West Michigan produces 27 of fastest-growing private companies in US

August 18, 2016
Print
Text Size:
A A
West Michigan produces 22 of 'fastest-growing private companies' in U.S.
The annual "Inc. 5000" ranks the fastest-growing private companies in the U.S., based on revenue growth over the last three years. Photo via fb.com

A local financial services firm is the No. 15 fastest-growing private company in the nation — heading up the 27 West Michigan companies named to Inc. magazine's "500|5000" ranking.

Inc. annually ranks the nation’s fastest-growing private companies, based on revenue growth over the previous three years.

Grand Rapids-based FormulaFolio Investments experienced a three-year growth rate of 9,401 percent, making it the fastest-growing private company in Michigan and No. 2 nationally in the financial services industry.

This is the second straight year FormulaFolio is ranked by Inc., ranking at No. 944 in 2015. Its revenue jumped from $1.9 million in 2014 to $11.2 million in 2015.

Michigan has 118 companies in the ranking, up from last year’s total of 110. West Michigan has eight more companies in the ranking than last year, when 19 companies earned a spot.

Joining FormulaFolio in Inc.’s top 500 companies are Grand Rapids-based Boost Marketing Group, No. 137, Grand Rapids-based Creative Studio Promotions, No. 447, and Walker-based Owl Computing, No. 474.

Boost Marketing is the No. 3 ranked company in Michigan and No. 9 nationally in the advertising and marketing industry, growing 2,559 percent over three years and posting 2015 revenue of $8.4 million.

All the West Michigan companies in the ranking are listed below.

The full ranking can be found on Inc.’s website.

West Michigan companies ranked in the 2016 Inc. "500|5000"
Rank Company Location Growth % Revenue Industry
15 FormulaFolio Investments Grand Rapids 9,401% $11.2M Financial Services
137 Boost Marketing Group Grand Rapids 2,559% $8.4M Advertising & Marketing
447 Creative Studio Promotions Grand Rapids 853% $2M Advertising & Marketing
474 Owl Computing Walker 805% $2.4M IT Services
750 Genius Phone Repair Grand Rapids 533% $7.1M Retail
790 IP Consulting Kentwood 507% $7.7M IT Services
1,450 Next Generation Enrollment Ada 264% $8.9M Human Resources
1,465 Workbox Staffing Grand Rapids 262% $43.8M Human Resources
1,504 Firstronic Grand Rapids 253% $28.9M Manufacturing
1,610 Blackford Capital Grand Rapids 233% $8.7M Financial Services
1,836 Spice Jungle Rockford 203% $2.7M Food & Beverage
2,162 PRO-VISION Byron Center 170% $12.6M Manufacturing
2,214 Double O Supply & Craftsmen Byron Center 166% $5.3M Construction
2,947 Initech Global Grand Rapids 116% $7.9M IT Services
2,991 Sun Title Agency Grand Rapids 114% $7.1M Real Estate
3,246 Worksighted Holland 103% $7.6M IT Services
3,541 TG Manufacturing Dorr 85% $14.5M Manufacturing
3,761 Legal Copy Services Grand Rapids 81% $10.3M Business Products & Services
3,875 USA Financial Ada 77% $35.7M Financial Services
3,999 JBL Resources Grand Rapids 73% $11M Human Resources
4,277 AmeriFirst Home Mortgage Kalamazoo 63% $70.5M Financial Services
4,447 Grand Equipment Hudsonville 58% $33.6M Construction
4,549 EBW Electronics Holland 55% $41.2M Manufacturing
4,622 Peacock Real Estate Morley 52% $19M Real Estate
4,715 Service Express Grand Rapids 50% $59.3M IT Services
4,801 ITS Partners Grand Rapids 47% $36.5M IT Services
4,828 The Service Professor Grand Rapids 46% $5.1M Consumer Products & Services

Recent Articles by Jesse O'Brien

Editor's Picks

Comments powered by Disqus