By GREGORY ZELLER //
One of the most exhaustive annual studies of American business growth is lousy with Long Island companies.
That is to say, Long Island is well-represented in the 2019 Inc. 5000, the magazine’s annual analysis of the 5,000 “most successful companies in America” – at least, the fastest-growing private firms in all the land.
Released this week, the prestigious yearly list analyzes three-year growth rates (in this case, spanning 2015-2018) of U.S.-based, for-profit, private companies founded before March 31, 2015.
Including 12 ties, the companies on the 2019 list each generated a minimum of $100,000 in revenues in calendar year 2015 and a minimum of $2 million in calendar year 2018 – and in many cases, much more than that.
Among them: Exactly 300 New York State-based companies, including a robust 39 firms headquartered on Long Island, led by Melville-based Nationwide Mortgage Bankers – the 51st fastest-growing private company in the country, eighth-fastest in the state and fastest in Nassau and Suffolk counties, with a three-year growth rate of 5,450 percent and 2018 revenues exceeding $25 million.
While NMB’s growth rate is certainly impressive, it barely scratches the statistically awesome advances made by the leaders of Inc.’s annual speed check.
Number one on the national list is Freestar, an Arizona-based advertising and marketing specialist that logged a staggering 36,680 percent growth rate over the three-year stretch, leading to 2018 revenues exceeding $36.9 million.
Other top-10 speedsters include No. 2 Freightwise (30,548 percent growth, $33.6 million in 2018 revenue), a Tennessee-based logistics ace; No. 4 LadyBoss (21,850 percent, $32.4 million), a New Mexico-based consumer services specialist; and No. 6 Cano Health (14,183 percent, $271.8 million), the Florida-based healthcare giant.
New York’s “most successful” companies hail largely from the Big Apple, with the state’s seven fastest growers all based in Manhattan and 201 of the state’s 300 qualifiers hailing from the five boroughs, with the largest concentrations in Manhattan and Brooklyn.
With a 10,562 percent growth rate and just over $19 million in 2019 revenues, financial services firm YieldStreet (No. 14 overall on Inc.’s list) leads New York’s roost, followed by digital marketing hub Anchor Worldwide (No. 16, 9,753 percent, $10.7 million) and DIY online engagement ring-designer With Clarity (No. 18, 9,179 percent, $19 million).
Long Island, meanwhile, ranks as New York’s second-busiest region for fast-growing firms. Innovative cities including Buffalo and Rochester graced Inc.’s rankings with a handful of entries, but Long Island’s 39 leaps-and-bounders are second only to Manhattan’s leading load.
Including the aforementioned NMB, Long Island’s top-15 fastest-growers, according to Inc.:
- Melville-based Nationwide Mortgage Bankers (No. 51 overall, 5,450 percent growth, $25 million in 2018 revenues)
- Hicksville-based CellTrade NY (No. 133, 2,690 percent, $12.4 million)
- Valley Stream-based Bawla Consulting (No. 256, 1,682 percent, $10.1 million)
- Hauppauge-based Hemper (No. 264, 1651 percent, $4.5 million)
- Plainview-based Gymguyz ( No. 554, 801 percent, $6 million)
- Nesconset-based Talk IQ Media (No. 567, 778 percent, $2.8 million)
- Bay Shore-based Ruby Has Fulfillment (No. 731, 599 percent, $23.7 million)
- Hauppauge-based RKB Handyman Services ( No. 945, 449 percent, $5 million)
- Garden City-based Lens Direct (No. 1101, 381 percent, $6.9 million)
- East Hampton-based Vpak (No. 1123, 371 percent, $4.1 million)
- Valley Stream-based Trinity Logistics USA (No. 1266, 325 percent, $130.4 million)
- Woodbury-based Bookkeeper360 (No. 1373, 301 percent, $3 million)
- Bay Shore-based Teamson Design Corp. (No. 1545, 268 percent, $15.6 million)
- Hauppauge-based Lafayette Metal & Glass Co. (No. 1554, 267 percent, $40.1 million)
- Islandia-based Scotto (No. 1764, 231 percent, $2.4 million)
The rest of Long Island list – leading all the way to Ronkonkoma’s SUNation Solar Systems (No. 4986 overall, 53 percent growth, $33.8 million in 2018 revenues) – and the whole of Inc.’s growth chart (including methodology, state-by-state breakdowns and informative features on several rocketing enterprises) await here.