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West Michigan produces 27 of fastest-growing private companies in US
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.
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.
|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|
|1,610||Blackford Capital||Grand Rapids||233%||$8.7M||Financial Services|
|1,836||Spice Jungle||Rockford||203%||$2.7M||Food & Beverage|
|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|
|3,761||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|
|4,622||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|