Mt. Zion, IL – Hagerman & Company today announced that, for the third consecutive year, Inc. magazine has ranked the company on its Inc. 5,000 list of the fastest-growing private companies in the country. The list represents the most comprehensive look at the most important segment of the economy-America’s independent-minded entrepreneurs.
“Growth requires both a management that is willing to accept the additional demands placed upon it, and an effective, scalable foundation to build upon,” Dennis Hagerman, Hagerman & Company CEO said. “The foundation is the organization itself, its capital, people, customer relationships and internal business systems.”
“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.”
The 2009 Inc. 5000 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.
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