Earlier this month, Inc. Magazine published its annual ranking of ‘America’s fastest growing private companies’ based on 3 year revenue gains.
Minnesota-based tech firms (product & service) fared well this year, earning 48 spots out of a total of 100 statewide companies ranked. We took that information a step further here with some basic visualizations to help see what the data says.
The obvious limitation of this dataset include the basic fact that the Inc. award is opt-in, whereas the company has to apply for consideration in the first place. Also, these corporate vitals are self-reported and the figures have not been verified by TECHdotMN.
Statewide Layout; Twin Cities Metro + Duluth represented
Leaning heavily (70%) on IT services/consulting/custom solutions & 19% in software.
Headquartered in Minneapolis by a wide margin, followed by Eden Praire — while Bloomington, Duluth, Eagan, Hopkins and St. Paul all tie for third.
A concentration of all companies equal on the list, skewed heavily west of the river.
Average age = 13 years (est. 2002).
Rerank on Blended Score (1/3 rev; 1/3 emp; 1/3 growth)