Two Local Cos. Make Inc. List Recognizing Job Creators
Two Twin Cities companies that are fueling the local economy through work force expansion were recently recognized as top job creators by Inc. magazine.
Eagan-based Prime Therapeutics ranked 34th on the inaugural list of Inc.'s 100 “Hire Power Awards” winners, and Bloomington-based The Nerdery ranked 99th. The rankings are based on the number of jobs added over the past three years, and the list includes companies from across the nation.
Eight other Minnesota companies were also Hire Power honorees, although they didn’t make the top 100 list: Minneapolis-based Seward Co-op Grocery, Richfield-based Zeroez of Minnesota, Little Canada-based Sagitec Solutions, Minnetonka-based Wunderlich-Malec, Eagan-based White House Custom Colour, Minneapolis-based DC Group, Minneapolis-based Outsell, and Golden Valley-based Renters Warehouse. (To read more about them and see how many jobs they created, click here.)
Inc. said the awards are “a salute to the job creators who are restoring lives and rebuilding the economy by putting Americans back to work.”
Prime Therapeutics, which had revenue totaling $1.8 billion in 2011, has added 533 jobs within the past three years, according to Inc. The company operates a pharmacy benefit management company that provides services to insurance providers and enrolled members; it also develops cost-management tools and provides prescription drug benefits through a national network of retail pharmacies.
A year ago, Prime Therapeutics landed a $500,000 forgivable loan from the state, with a goal of adding 300 local IT and business analyst jobs. By October of this year, the firm had filled about a third of the local positions and was adding roughly 60 workers nationwide each month to its 2,400-employee work force.
The Nerdery, meanwhile, has added 214 employees to its roster over the past three years, according to Inc. The IT firm, which employed about 395 as of early November and reported $26.5 million in 2011 revenue, was the lead-in to the magazine’s special section on the Hire Power Awards.
The intro began: “Two years ago, Luke Bucklin, co-founder of a company called The Nerdery, sent a late-night e-mail to his employees. He wanted to let them know how vital they were in making the business a success. He explained that although the company was growing rapidly, each individual employee could still make a big difference. Shortly after sending that message, Bucklin died in a plane crash. It’s a tragic but inspiring story. . . . It speaks eloquently about the relationship that exists between the best entrepreneurs and their employees.”
The Nerdery has grown its revenue and employee base at break-neck speed since its 2003 inception. Last month, the company launched a “Nerd Drive” through which it hopes to hire 100 new employees within 100 days. It’s primarily looking to fill Web development positions in order to meet growing demand for its technology services.
During the drive, anyone who refers a candidate for a job at The Nerdery will be sent an “I Love Nerds” pocket protector; they’ll receive a commemorative mug if their referral applies for a job. If that individual lands an interview, the referrer will receive $100—and they’ll get $400 more if the referral is hired and works at the firm for a minimum of 90 days.
Ranking first on Inc.’s “top 100” list was Santa Ana, California-based Universal Services of America, which offers a wide range of security professionals for commercial properties of every type; it created 17,330 jobs over the past three years.
To see the top 100 list, click here. To read a story on The Nerdery that Inc. released in conjunction with the Hire Power Awards, click here.