With Three-Year Revenue Growth of 607 Percent, PORT CITY INDUSTRIAL Ranks No. 975 Among America’s Fastest-Growing Private Companies
Inc. revealed today that PORT CITY INDUSTRIAL ranks No. 975 on the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other household name brands gained their first national exposure as honorees on the Inc. 5000.
Jamie Tapia, President of Port City Industrial states "The exponential growth of Port City Industrial since our inception seven years ago is thanks to both the exceptionally hard work of our dedicated team members, and the unprecedented growth our area is experiencing in the industrial sector. The combined work of our elected officials, Mobile Chamber of Commerce, and countless local business leaders, is now being realized in what many are calling a “Golden Age” of Mobile. As Mobile steps to the forefront of aircraft manufacturing, gains distinction as one of the fastest growing deep-water ports in the United States and welcomes countless manufacturers and distributors looking to capitalize on our prime location and growing industrial cluster, companies like Port City Industrial are reaping the benefits of a wave of economic development that is hard to quantify or fathom. The best is truly ahead”.
The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate ticked up to an astonishing 2,238 percent. In all, this year’s Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years.
For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, available on newsstands beginning Tuesday, August 23.
“Running a business has only gotten harder since the end of the pandemic,” says Inc. editor-in-chief Scott Omelianuk. “To make the Inc. 5000—with the fast growth that requires—is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.”
In 2015, Mobilian husband-wife duo Hays and Jamie Tapia founded Port City Industrial to support the growing industrial marketplace in the Mobile Metro area with a company that makes warehouses work efficiently and effectively from loading dock to inventory management.
Jamie operates Port City Industrial as its president overseeing the business structure and day-to-day operations. Hays, a 4th generation business owner and salesperson with 20 years of industrial experience, attributes the company’s success to the relationships built in the marketplace and throughout the organization.
More about Inc. and the Inc. 5000
Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work reaches more than 50 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.