Austin, Texas (PRWEB) August 22, 2013
Econohomes, a leading purchaser and reseller of distressed single-family properties and related investor financing in the United States, announced it ranked No. 117 on the Inc. 500, an exclusive ranking of the nation's fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. Companies such as Microsoft, Zappos, Intuit, Jamba Juice, Zipcar, Clif Bar, Vizio, Oracle, and many other well-known names gained early exposure as members of the Inc. 500|5000.
"We are extraordinarily proud to be included on this year's Inc. 500 list at #117," said Jeff Ball, CEO of Econohomes. "Our growth and high ranking are a testament to the passion and hard work of our team. Growth like we've experienced is impossible if the CEO doesn't have smart, dedicated folks throughout the organization, and I'm humbled every day by the caliber of every person at Econohomes. We look forward to building on this growth in the years to come."
The 2013 Inc. 500, unveiled in the September issue of Inc. (available on newsstands August 20 to November 20 and on Inc.com), is the most competitive crop in the list’s history. To make the cut, companies had to have achieved a staggering minimum of 918.59% in sales growth. The Inc. 500’ s aggregate revenue is $14.1 billion, with a median three-year growth of 1739 percent. The companies on this year's Inc. 500 employ more than 52,100 people and generated over 44,912 jobs in the past three years. Complete results of the Inc. 500|5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at http://www.inc.com/500.
"Not all the companies in the Inc. 500 | 5000 are in glamorous industries, but in their fields they are as famous as household name companies simply by virtue of being great at what they do. They are the hidden champions of job growth and innovation, the real muscle of the American economy,” says magazine Editor Eric Schurenberg.
The 2013 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2009 to 2012. To qualify, companies must have been founded and generating revenue by March 31, 2009. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2012. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2009 is $100,000; the minimum for 2012 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/500.
Based in Austin, Texas, Econohomes unlocks the enormous potential of distressed properties for buyers, sellers, and communities. With hundreds of investment properties offered in more than 39 states and a proven track record of acquiring and selling thousands of properties since 2005, Econohomes is the alternative pipeline for distressed properties. Econohomes’ sister company, Visio Financial Services, provides investor financing for purchase or refinancing of any REO or distressed home in 35 states across the U.S.
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. For more information, visit http://www.inc.com.