St. Petersburg-Based The Penny Hoarder Ranks No. 32 on the 2016 Inc. 5000 List of Fastest-Growing Companies
The Inc. 5000 Ranks The Penny Hoarder
the No. 1 Fastest-Growing Private Media Company in America
ST. PETERSBURG (Aug. 23, 2016) – Inc. magazine has ranked The Penny Hoarder the 32nd fastest-growing private company in America.
The St. Petersburg-based company made the 35th annual Inc. 5000 list after a three-year sales growth of 6,934%. The Penny Hoarder was also recognized as the fastest-growing private media company in the country. “We're building a digital media company that makes a difference in people's lives —both for our readers and our employees” says Kyle Taylor, founder and CEO of The Penny Hoarder.
The Inc. 5000 list represents a unique look at the most successful companies within the American economy’s most dynamic segment— its independent small businesses.
The 2016 Inc. 5000, unveiled online at Inc.com and with the top 500 companies featured in the September issue of Inc. (available on newsstands August 23) is the most competitive crop in the list’s history. The average company on the list achieved a mind-boggling three-year growth of 433%. The Inc. 5000’s aggregate revenue is $200 billion, and the companies on the list collectively generated 640,000 jobs over the past three years, or about 8% of all jobs created in the entire economy during that period. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region and other criteria, can be found at www.inc.com/inc5000.
“The Inc. 5000 list stands out where it really counts,” says Inc. President and Editor-In-Chief Eric Schurenberg. “It honors real achievement by a founder or a team of them. No one makes the Inc. 5000 without building something great – usually from scratch. That’s one of the hardest things to do in business, as every company founder knows. But without it, free enterprise fails.”
The annual Inc. 5000 event honoring all the companies on the list will be held from October 18 through 20, in San Antonio, TX. Speakers include some of the greatest entrepreneurs of this and past generations, such as best-selling author and strategist Tony Robbins, SoulCycle co-founders Elizabeth Cutler and Julie Rice, Cornerstone OnDemand founder, president and CEO Adam Miller, Marvell Technology Group director and co-founder Weili Dai, and New Belgium Brewing co-founder and executive chair Kim Jordan.
About The Penny Hoarder
The Penny Hoarder is one of the largest and most popular personal finance websites in the world, with more than 10+ million readers a month. Kyle Taylor, founder and CEO, started the website out of his home in 2010. Today, The Penny Hoarder operates out of downtown St. Petersburg, FL, with a team of 40 employees. The Penny Hoarder is owned by Taylor Media, an innovative and fast-growing digital media company. www.ThePennyHoarder.com