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California Leads the Nation in Fastest Growing Companies, According to Inc.

670 California companies rank among Inc.’s 5000 List

Today, Inc. magazine released their 5000 fastest growing companies in America list with California holding the top spot for most companies on the list: 670. “First and foremost, California is home to dreamers with an idea and the passion to make it a reality,” said Jesse Torres, the California State Small Business Advocate. “Combine that entrepreneurial spirit with top-notch research institutions, a talented workforce, and a community of innovators, and you have the secret sauce for success.”

Eligible companies on the list for 2017 were required to meet each of the following qualifications:

  • Be privately-owned, based in the United States, independent (not a subsidiary or division of another company)
  • Have started earning revenue by March 31, 2013
  • Had revenue no less than $100,000 in 2013
  • Had revenue no less than $2,000,000 in 2016
  • Revenue in 2016 exceeds revenue in 2013

“While these are all examples of California success stories, our office is here to assist all businesses, regardless of size and geography, expand in California,” added Sid Voorakkara, External Affairs Deputy Director, Governor’s Office of Business and Economic Development. “From the California Competes Tax Credit to navigating federal, state and local resources to supporting a company’s global market presence, GO-Biz has supported companies across California achieve their goals.”

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