Spring Works Utah Inc. received the honor of being awarded one of Inc. Magazines 5000 fastest growing private companies in the United States.
The Inc. 500 is an annual list of the 500 fastest-growing private companies in the United States, introduced in 1982. The Inc. 5000 is an expansion of the Inc. 500, which ranks the country’s top 5000 fastest-growing private companies and also features a special ranking of the top 10% of the list as the Inc. 500.
The Inc. 5000 is ranked according to percentage revenue growth over a four-year period. To qualify, companies must have been founded and generating revenue by the first week of the starting calendar year, and therefore able to show four full calendar years of sales. Additionally, they had to be U.S.-based, privately held, and independent—not subsidiaries or divisions of other companies—as of December 31 of the last year measured. Revenue in the initial year must have been at least $200,000, and revenue in the most recent year must have been at least $2 million.
The Inc.500 | 5000 Conference and Awards Ceremony is an annual event produced by Inc. magazine. It was created in 1982 to celebrate the fastest growing private companies in America. In its first issue in 1979, Inc. magazine published the Inc. 100 fastest-growing publicly held small companies; in 1982, the list expanded to the Inc. 500, and in 2007, Inc. magazine, in conjunction with Inc.com, released the first Inc. 5000 list.
This annual conference brings together the current year's class of Inc. 500|5000 honorees, the list's alumni, as well as entrepreneurs from the general public. The event has featured a number of well-known business and political figures and expert speakers.
Inc. 5000 Award