Out of an estimated 32.5 million businesses across the United States, Scottsdale is home to 21 of the fastest-growing companies.
Every year, Inc. Magazine in its September issue ranks the top 5,000 companies across the country, known as the Inc. 5000.
The greater Phoenix metro area is home to 99 of these top 5,000 companies — with 35 in Phoenix; 21 in Scottsdale; 13 in Mesa; 11 in Tempe; 10 in Chandler; and six in Gilbert.
The 99 Phoenix-area companies that made the list represents:
The Inc. 5000 is ranked according to percentage revenue growth over a three-year period. These companies must be U.S.-based and privately held. Other qualifications include revenue in the initial year must have been at least $100,000; and revenue in the prior year before applying to the Inc. 5000 must have been at least $2 million.
Donning the list of Inc.’s annual ranking of 5,000 businesses includes No. 196, Scottsdale-based CellTrust Corp., a telecommunications company that reported 2,146% growth over three years. The company is creating products and services for the mobile communication sector, all growing from the Wests Most Western Town.
“It is very meaningful, and CellTrust is honored to be recognized by the Inc. 5000 as the 196th fastest-growing company in the USA,” said CellTrust CEO Sean Moshir of being the top ranked Scottsdale company on the list. “I would also like to thank our customers, partners and team for making this happen.”
Scottsdale is home to nearly 22% of Arizona’s corporate headquarters, says city Economic Development Director Rob Millar.
Many consumers are familiar with the Fortune 500 list, of which Scottsdale-based companies Carlisle Cos., Taylor Morrison Home, Meritage Homes and GoDaddy are named to — however they all are listed at rankings exceeding 500.
Mr. Moshir says to climb the ranks to be one of the top businesses in the country takes a high level of work.
“The RegTech (Regulatory Technology) sector is growing at a rapid rate worldwide, so it takes a high level of collaboration and determination between CellTrust’s partners, customers and employees all working together to keep the pace with this level of expansion,” Mr. Moshir said.
Mr. Moshir says employees in highly regulated industries, such as financial services, government or health care, will no longer need two separate cell phones with technology by CellTrust.
“With CellTrust SL2 technology, they can now use their personal mobile phone for business via a dedicated app with a dedicated business number in compliance with their organization’s mobile communication policies,” Mr. Moshir said. “CellTrust was the first company to patent our RegTech innovation, which captures text and voice communication on personally-owned and enterprise-owned mobile devices for archiving. Our patented solution, combined with continual investment in leading-edge technology platforms and technology partnerships, keeps us at the forefront of RegTech for mobile communication in highly regulated industries.”
In addition to CellTrust Corporation, the other 20 companies to make the Inc. 5000 list are:
These companies represent industries including health, real estate, retail, financial services, advertising, marketing and products and services.
Mr. Millar says from the city’s perspective, the most recent Inc. list reflects the value proposition of growth in Scottsdale.
“Scottsdale is home to nearly 22% of Arizona’s corporate headquarters. Companies that locate in Scottsdale do so for a variety of factors, including exceptional quality of life, cost of real estate and access to top talent,” Mr. Millar said.
“The city of Scottsdale has consistently implemented economic development strategies that diversify and strengthen our economy. The 2020 Inc.com list reflects that companies clearly see the value proposition of growing in Scottsdale.”
Mr. Millar says Maricopa County continues to be the fastest-growing country in the U.S. with no signs of slowdown.
“While the COVID-19 pandemic is impacting the way all of us live and operate, what makes Arizona, Maricopa County and the Phoenix Metro area attractive to companies and employees will continue to have a positive impact for many years to come.”