Sixty South Carolina companies – a third of which are located in the Upstate – made this year’s Inc. 5000 list of fastest-growing companies, according to data collected and published by Inc. Magazine. The rank is South Carolina’s best-recorded showing since 2007, the earliest year data is available to the public.
This year’s list – which ranks applicants by three-year revenue growth – represented 1.25 million employees across the 50 states, the District of Columbia and Puerto Rico. The average firm listed three-year revenue growth of 490 percent for aggregate 2014 revenues of $205 billion. South Carolina firms that made the list had combined 2014 revenues of $2.1 billion, and average 2014 revenues of $34.6 million per firm.
Topping this year’s list of S.C. firms was Spartanburg construction firm Facility Solutions, growing 4,786 percent over three years to reach $6 million in 2014 revenue and ranking 56 in the overall list. Charleston firms Rewined Candles, PureCars, Michael Grant & Co. and JEAR Logistics made the rest of the top five in the state.
The second and third fastest-growing Upstate firms included Greenville-based fitness boxing chain 9Round Franchising and tech staffing firm Intellectual Capitol, both of which made their debut on the list this year.
Started in 1982, the list ranks U.S.-based, privately held, for-profit and independent companies from a received pool of applicants. For the 2015 list, firms must have been founded and generating revenue by the end of March 2011, have minimum 2011 revenues of $100,000 and minimum 2014 revenues of $2 million.