Powered by Women
Women’s empowerment is a flourishing industry, at least in Austin.
According to the newly released Inc. 5000 list, which ranked companies according to percentage growth in revenue from 2017 to 2020, the top-ranked company from the Austin area is Empowering a Billion Women, landing at No. 28 on the list.
The company, which does business as EBW Worldwide, focuses on social, health, and economic empowerment of women. The company saw three-year revenue growth of 10,676 percent.
To qualify to be on the Inc. 5000, companies must have been founded and generating revenue by March 31, 2017. They also must be U.S.-based, privately held, for-profit, and independent. The minimum revenue threshold for 2017 is $100,000; the minimum for 2020 is $2 million.
Among the 5,000 companies on the list, the average median three-year growth rate stood at 543 percent, and median revenue reached $11.1 million.
“Access to opportunity, education, and a support system for success is key to breaking the historical biases that have previously held women back from reaching their fullest social, health, and economic potential,” says Linda Pringle Evans, dean of The EBW Business School for Women.
Though Empowering a Billion Women made a good showing on the Inc. 5000 this year, it’s not the highest ranked Texas company on the list. That honor goes to San Antonio-based Texas Solar Integrated.
The company, which installs commercial and residential solar energy systems, notched a growth rate of 22,381 percent from 2017 to 2020, according to the list. This makes Texas Solar the 11th-fastest-growing private company in the country and the fastest-growing in Texas.
“At Texas Solar, we treat our customers like family. We believe that successful relationships with partners and homeowners alike develop through transparency and the trust for doing things right the first time,” the company says on its website.
In Dallas-Fort Worth, Pomerenke Holdings is the top-ranked company on the Inc. 5000. Holding down the No. 73 spot, the automotive remarketer grew 5,164 percent from 2017 to 2020.
“Being ranked 73rd in a tough economic year for so many demonstrates the outstanding work and dedication of our team and partners,” says Joey Pomerenke, founder and CEO of Pomerenke Holdings.
In the Houston area, the top-ranked company is Humble-based Homestead Brands. The e-commerce business comprises two brands: Lori Wall Beds and Organic Swings. Nationally, the business ranks 98th on the Inc. 5000, posting a three-year growth rate of 3,916 percent.
“We are a team of A players determined to build the kind of company we all wish we could have worked at from the start of our careers: a place where everybody is valued, challenged, and comes to work with a sense of purpose,” Homestead Brands says on its website.
Following are other Texas companies — including several in Austin — that made the top 200 in the Inc. 5000, along with their three-year growth rates:
49. Residential real estate platform OJO Labs, Austin, 6,767 percent
77. Book club operator Literati, Austin, 4,898 percent
79. Tea-by-the-box purveyor Sips by, Austin, 4,754 percent
87. YouTube ad platform AdOutreach, Austin, 4,515 percent
120. Staffing agency Rayne Staffing, Houston, 3,390 percent
141. Dental services provider Endo1 Partners, Houston, 2,936 percent
165. Healthcare consulting firm ReMedi Health Solutions, Houston, 2,547 percent
169. Mortgage lender NXT Mortgage, Coppell, 2,496 percent
196. Software provider Noblesoft Technologies, Irving, 2,200 percent
“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” Scott Omelianuk, editor-in-chief of Inc., says in an August 17 news release. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”