Inc. Magazine Unveils Exclusive List of America’s Fastest-Growing Private Companies
Wednesday, August 19, 2009
NEW YORK, August 12, 2009 -- Inc. magazine today ranked Chroma Technology No. 4615 on its third annual Inc. 5000, an exclusive ranking of the nation's fastest-growing private companies. According to Inc. the list represents the most comprehensive look at the most important segment of the economy—America’s independent-minded entrepreneurs.
“Savvy trend spotters and those who invest in private companies know that the Inc. 5000 is the best place to find out about young companies that are achieving success through a wide variety of unprecedented business models, as well as older private companies that are still expanding at an impressive rate,” said Inc. 5000 project manager Jim Melloan. “That’s why our list is so eagerly anticipated every year.”
In response to this designation, Chroma President Paul Millman said, “It’s really great when employee-owned companies achieve status in the world of traditional businesses. Last year Vermont’s King Arthur Flour was recognized and this year, in addition to Chroma, our friends at employee-owned Namaste Solar rose to position 56.”
The 2009 Inc. 5000, unveiled today on Inc.com, serves as a unique report card on the U.S. economy. Despite the ongoing recession, aggregate revenue among the companies on the list actually increased to $214 billion, up $29 billion from last year, with a median three-year growth rate of 126 percent. The Inc. 5000 are responsible for creating more than 1 million jobs since their founding, making the list perhaps the best example of the impact private, fast-growing companies can have on the economy. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found on Inc.com.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 712,961, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit them online at www.inc.com.
About Chroma Technology
Founded in 1991 and 100% employee-owned, Chroma Technology Corp manufactures precision optical filters and components for the life sciences. A member of Vermont Businesses for Social Responsibility and the Vermont Employee Ownership Center, Chroma has also been recognized by Worldblu List of Most Democractic Workplaces 2009. Learn more about Chroma at www.chroma.com.