Business & Tech
Escondido Company Named Among Fastest Growing In Nation
American business magazine Inc. recently released its annual guide to the 5,000 fastest-growing privately held companies in the U.S.
![American business magazine Inc. recently released its annual guide to the 5,000 fastest-growing privately held companies in the U.S.](https://patch.com/img/cdn20/users/54855/20190821/100557/styles/patch_image/public/money-generic-business-via-shutterstock___21100439209.png)
ESCONDIDO, CA — Growth is something everyone can aspire to – and that's no different for America's most successful new companies. Inc., a magazine that publishes weekly content about small businesses and startups in the United States, recently released its annual report outlining the 5,000 fastest-growing privately owned companies in the nation.
Companies were ranked according to their percentage revenue growth from 2015 to 2018, according to the report. California has 713 of the most successful new companies in the country. San Diego County has 110 companies in the top 5,000 – including one in Escondido.
Here is the fastest growing company in Escondido:
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Company: Capstone Fire & Safety in Escondido
- 2019 Inc. 5000 Rank: 2,026
- Industry: Business Products & Services
- Growth: 198%
- Revenue: $23 million
The top spot on the business magazine's list goes to the advertising and marketing company Freestar, which is based in Phoenix, Arizona.
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Here are the top 10 fastest growing companies in the United States:
- Freestar — Phoenix, Arizona — 36,680 percent growth.
- FreightWise — Brentwood, Tennessee — 30,548 percent growth.
- Cece’s Veggie Co. — Austin, Texas — 23,880 percent growth.
- LadyBoss — Albuquerque, New Mexico — 21,850% growth.
- Perpay — Philadelphia, Pennsylvania — 18,166% growth.
- Cano Health — Miami, Florida — 14,183% growth.
- Bear Mattress — Hoboken, New Jersey — 13,481% growth.
- Connected Solutions Group — Mechanicsville, Virginia — 12,565% growth.
- Providence Healthcare Management — Cleveland, Ohio — 12,565% growth.
- NOM — Los Angeles, California — 11,996 percent growth.
"The beautiful thing is, when you start making people more money and helping them run their businesses better, they typically have pretty big mouths," said David Freedman, the co-founder of the No. 1-ranked Freestar, a company that sells solutions and services that help publishers make more money online by perfecting advertising operations.
Freestar had a revenue of $36.9 million in 2018.
Patch reporter Gus Saltonstall contributed to this report.
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