Inc. Magazine Unveils List of Midwest Region’s Fastest Growing Companies

Companies on the 2022 Inc. 5000 Regionals: Midwest list had an average growth rate of 147% percent.

Inc. magazine today revealed its third annual Inc. 5000 Regionals: Midwest list, the most prestigious ranking of the fastest-growing Midwest-based private companies, based in IA, IL, IN, KS, MI, MN, MO, ND, NE, OH, SD, and WI. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Midwest region economy’s most dynamic segment– its independent small businesses.

The companies on this list show a remarkable rate of growth across all industries in the Midwest region. Between 2018 and 2020, these 144 private companies had an average growth rate of 147% percent and, in 2020 alone, they added 19,821 jobs and nearly $11.7 Billion to the Midwest region’s economy. Companies based in the Chicago, IL, Noblesville, IN, and Overland Park, KS areas had the highest growth rate overall.

The top ten companies include:

  1. Lifeboost
  2. Hardbody Supplements
  3. studio503
  4. Georama
  5. CoinFlip
  6. Peterman Heating Cooling and Plumbing
  7. Foxbox Digital
  8. QONKUR MEDIA GROUP
  9. Ashling Partners
  10. MSI Express

Complete results of the Inc. 5000 Regionals: Midwest, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria can be found at https://www.inc.com/regionals/midwest starting March 15, 2022.

“This year’s Inc. 5000 Regional winners represent one of the most exceptional and exciting lists of America’s off-the-charts growth companies. They’re disruptors and job creators, and all delivered an outsized impact on the economy. Remember their names and follow their lead. These are the companies you’ll be hearing about for years to come,” said Scott Omelianuk, Editor in Chief, Inc.

More about Inc. and the Inc. 5000 Regionals

Methodology

The 2022 Inc. 5000 Regional are ranked according to percentage revenue growth when comparing 2018 and 2020. To qualify, companies must have been founded and generating revenue by March 31, 2018. They had to be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2020 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.

About Inc. Media

The world’s most trusted business-media brand, Inc. offers entrepreneurs

the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers and the credibility that helps them drive sales and recruit talent.

The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.