Inc. Magazine Recognizes 2 MN Cos. For Ongoing Job Growth
Two Minnetonka-based businesses—Trissential, a consulting firm, and Horizontal Integration, a marketing and IT staffing firm—appear on Inc. magazine's new “Build 100” list, which highlights mid-sized U.S. companies that have sustained significant job growth.
The “Build 100” list analyzed more than 100,000 mid-sized companies (those with 85 to 1,000 employees) and found which of them added employees for at least five consecutive years. Inc. reported that only about 1.5 percent of all the businesses surveyed met those criteria.
Of that small pool of companies that did meet the criteria, Inc. said it “selected a representative sample that agreed to work with us on a long-term research project to understand the factors responsible for sustained growth.”
Horizontal Integration, a $44.5 million company founded in 2003, has more than 400 employees with offices in Minnesota and Denver. In 2013 alone, the company added 150 jobs to increase its team by 45 percent. Over the past five years, the company says it increased its employee pool by 933 percent. The company ranked 980th on Inc.’s Fast 5000 list in 2013, which recognizes the fastest-growing companies based on revenue.
In 2011, Horizontal Integration was featured among Twin Cities Business’ Small Business Success Stories. Jeremy Langevin, the company’s executive vice president, told Twin Cities Business at the time that the company was focused on increasing staff. “We’ve embraced the notion of hiring talent when we find it and creating opportunities for that talent,” he said.
Trissential also opened its doors in 2003. It had 116 employees and annual revenue of $22 million in 2013, according to Inc. The magazine's data also indicates that Trissential increased revenue by 95 percent and added 43 jobs between 2009 and 2012. It placed 3325th on Inc.’s Fast 5000 last year. Trissential made Twin Cities Business’ Small Business Success Stories in 2009 and was featured in a 2011 profile. Trissential has offices in Minnesota and Wisconsin.
“Seventy-two percent of all new U.S. jobs are created by 1 percent of companies,” Inc. economist-in-residence Gary Kunkle said in a statement. “The Build 100 represents that top 1 percent of that 1 percent. They should be celebrated, but they must also be studied so that we can better understand—and replicate—the decisions, priorities, investments, and strategies that helped them grow.”
After collecting data from the companies that appear on its “Build 100” list, Inc. published a story about what attributes helped the businesses to grow, even during the Great Recession.