Seven Jacksonville companies make Inc's list of 500 fastest-growing companies
According to Inc. Magazine's recently released list of the fastest-growing companies in the country, seven recipients among the top 500 were founded and headquartered in Jacksonville. This indicates a local economy that is growing rapidly, potentially attracting companies with tremendous potential and perhaps even signalling an upcoming boom in demand for homes for sale in Jacksonville.
The companies - SNS Logistics, Petticoat-Schmitt Civil Contractors, B3 Solutions, Jacksonville Wealth Builders, ShayCore Enterprises, Universal Understanding, and Dream Finders Homes - all made the list on the strength of their three-year growth in revenue. The aforementioned businesses came from a host of different industries, from construction to transportation and government services.
SNS Logistics was the lowest-ranking Jacksonville company, coming in at 484, with a three-year growth of 792.8 percent. Construction company Petticoat-Schmitt Civil Contractors ranked 454 with a growth rate of 837.2 percent. B3 Solutions, Jacksonville Wealth Builders, ShayCore Enterprises and Universal Understanding were closely bunched on the list, ranking 364, 362, 361 and 358, respectively. B3 Solutions saw a three-year growth of 1,021.6 percent while Universal Understanding led this small group of local companies at 1,041 percent.
Meanwhile, construction company Dream Finders Homes was the only local company to crack the top 100, coming in at 75. The company produced an eye-popping growth rate of 3,614.9 percent over the past three years.
The presence of the numerous fastest-growing companies in Jacksonville is not without merit. According to the Jacksonville Business Journal, the city is getting smarter and doing so at a faster rate than other cities. From 2000 to 2010, Jacksonville saw a robust 46.8 percent growth in its population segment 25 and older with bachelor degrees, ranking 7th in the nation among the largest metropolitan cities. The increasingly intelligent and educated population could lead to more homegrown businesses that expand at a fast rate.
The pent-up demand, coupled with the improving performance and continued growth of the Jacksonville economy, could portend a wealth of potential homebuyers in the near future. Growing companies equal additional open jobs, which could send out-of-staters into the city looking for new jobs and homes.