On August 17, Inc. Magazine announced its annual list of 5000 fastest growing private companies, and included in the list are five Santa Clarita Valley-based companies: Scorpion (#1402), KRG Technologies (#1656), AMG & Associates (#2635), Dazadi (#2882) and Landscape Development (#2968).
“These five companies embody the can-do spirit and growth mentality that have been driving the transformation of the Santa Clarita Valley,” says Holly Schroeder, President & CEO of the Santa Clarita Valley Economic Development Corporation, “ and we congratulate them on their success and we hope to see more SCV-based companies make the list next year.”
The rankings are calculated based on the growth rate of the past three years, and the five SCV-based companies have registered 3-year growth rates ranging from 110% to 272%. Scorpion, an advertising and marketing company, not only has the fastest growth, but also the highest annual revenue in 2015 ($73.3M). While KRG Technologies offers IT-related services, two companies – AMG & Associates and Landscape Development – are in the Construction category. Dazadi is described as a company which “sells indoor and outdoor recreational products through its e-commerce website.”
The five fast growing SCV companies have been in business for 10 to 23 years, and their growth rates are all the more impressive when considering the fact that their start-up years have long past.
As more business park construction is completed, more companies are expected to move into the Santa Clarita Valley to take advantage of its prime location and its business-friendly environment. MTS HealthCare, which provides healthcare cloud computing services, will be relocating to the Santa Clarita Valley next month. “We are confident that more SCV-based companies are going to make the Inc. Magazine’s fastest growing companies list in years to come,” says Schroeder.
Los Angeles Metro area (including nearby cities) is ranked No.3 with a total of 284 fast-growing companies in the list. Among all states, California leads the pack, with a total of 666 fast-growing companies, followed by Texas (395) and Florida (338).
The list also shows that the fastest growing industry is energy, with an aggregate growth rate of 227.4%, followed by media (195.2%), education (194.7%), financial services (191.8%), and travel & hospitality (185.9%). To see the complete listing and read more about the trends behind the fastest growing private companies in the US, please click here.
[Update] After publishing the blog, we received the following comment from Gary Jacobs in Marketing at Med Tech Solutions: "We appreciate the mention in your article about SCV companies who have been ranked by Inc. Magazine as the fastest growing private companies! MTS Healthcare actually made the 2016 Inc. 5000 list, as well – and for the second year running! This brings the number of SCV companies on the Inc. 5000 to six – as you mentioned, MTS will be re-locating to our new headquarters in Valencia next month! We’re certainly proud to be in the company of these other great SCV businesses! By the way, MTS Healthcare is now Med Tech Solutions, having gone through a rebranding effort this past Spring."
The Santa Clarita Valley Economic Development Corporation (SCVEDC) is a unique private / public partnership representing the united effort of regional industry and government leaders. The SCVEDC utilizes an integrated approach to attracting, retaining and expanding a diversity of businesses in the Santa Clarita Valley, especially those in key industry clusters, by offering competitive business services and other resources.