Six INW companies make Inc. magazine's fastest growing list
Beverage maker, law firm outpace others in region, according to national pubAugust 17th, 2023
Six companies in the Spokane-Coeur d’Alene area have made Inc. business magazine’s annual list of the 5,000 fastest growing companies in the country.
Leading the six companies is Hayden-based soft drinks maker Tractor Beverages Inc., which ranked No. 352 and had 1,651% annual growth over three years.
As earlier reported by the Journal, Tractor Beverages was established in 2014 as an organic craft soda company that makes carbonated and noncarbonated, sustainably sourced soft drinks. In 2020, the company raised $18.5 million in venture capital funding and launched a series of drinks with Chipotle as its first national partner.
The company couldn’t be reached immediately for comment.
Following Tractor Beverages is Quiroga Law Office PLLC, of Spokane Valley, an immigration law firm, which ranked highest among the four Spokane-area businesses on the Inc. list, coming in at No. 2,174 with 257% reported annual growth over three years.
“Eastern Washington has a very large immigrant community,” says Jhon Quintero, media relations officer for the firm.
Other Spokane-based companies on the list include spice maker Spiceology Inc., which ranked No. 2,469 with an annual growth rate of 222% over three years; pathology software maker Gestalt Diagnostics LLC, ranked No. 3,835 with 122% annual growth over three years; and real estate company Professional Realty Services International Inc., ranked No. 4,165 with annual growth reported at 108% over three years.
The second Coeur d’Alene area company that also made the list is pet products company Oxyfresh Worldwide Inc., which ranked No. 4,979 and reported 74% annual growth over the past three years.
The Inc. 5,000 list ranks companies according to percentage of growth of annual revenue within the most recent three-year period. To be eligible, they must have 2019 revenue of at least $100,000 and $2 million in 2022. Eligible companies also must be U.S. based, privately and independently held, and for-profit businesses as of Dec. 31.