News Summary
More than 250 companies from South Florida have earned spots on the Inc. 5000 List for 2024, showcasing significant revenue growth and job creation. Notably, XIL Health leads the local rankings with an impressive growth rate of 2,874%. The list highlights diverse industries and the increasing economic strength of the region, reaffirming the crucial role of local businesses in driving growth and job opportunities.
Florida has once again showcased its vibrant business environment, as more than 250 companies from South Florida have secured spots on the prestigious Inc. 5000 List for 2024, which recognizes the fastest-growing private companies in America. This impressive representation highlights the region’s significant revenue growth, with local businesses creating a total of 1,114 jobs from 2020 to 2023.
The Inc. 5000 rankings are determined based on the revenue growth rates of qualifying companies over a three-year period. To be eligible for the list, companies must be independent, for-profit, privately held entities based in the United States, with revenues of at least $2 million in 2023. Although exact revenue numbers are not disclosed in the public list, the median growth rate for South Florida companies has been recorded at an impressive 351%.
Among the standout performers, Estero-based XIL Health claimed the top position on the list for local companies, ranking at No. 117 with a remarkable growth rate of 2,874%. The company’s surge in growth is largely credited to its sister company, Visory Health, which offers a valuable prescription discount card accepted at over 36,000 pharmacies across the country.
Several other local companies also made notable appearances on the list, demonstrating the robust economic landscape of the region. The following are among the highlighted companies:
- No. 149: Construction industry, North Fort Myers, growth rate of 2,360%.
- No. 258: Business Products & Services, Naples, growth rate of 1,600%.
- No. 503: Construction, Naples, growth rate of 881%.
- No. 619: Health Services, Fort Myers, growth rate of 739%.
- No. 681: IT Services, Naples, growth rate of 695%.
- No. 827: Business Products & Services, Naples, growth rate of 598%.
- No. 865: Business Products & Services, Naples, growth rate of 578%.
- No. 935: Consumer Services, Fort Myers, growth rate of 542%.
- No. 1,063: Business Products & Services, Naples, growth rate of 480%.
Additionally, the list features companies from various sectors, including financial services, real estate, manufacturing, food & beverage, and energy, underscoring the diverse economic strengths of the region.
In an impressive display of consistency, several companies have been recognized on the Inc. 5000 list multiple times. Highlights include Chomps, which has made the list six times, MY Shower Door, ranked for the eighth time in ten years, and D3 Glass, achieving a spot for the second time.
The highest ranking company on the entire list was ABA Centers of America, based in Fort Lauderdale, which secured the fifth spot with an astounding growth rate of 32,192%. Another noteworthy mention is Vytalize Health, which topped the entire list with a staggering growth rate of 90,779% and reported revenues of $1.5 billion in the last year.
The Inc. 5000 list has been a reliable benchmark for growth for American businesses since its inception in 1982. This year’s honorees contributed to the creation of over 875,000 jobs to the U.S. economy in the past three years, further showcasing the important role that innovative and growing businesses play in driving economic prosperity.
As South Florida continues to thrive, it remains clear that local entrepreneurs and businesses are playing a critical role in shaping the future, offering job opportunities, and contributing to the overall economic growth of the region.
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Author: STAFF HERE PETERSBURG WRITER
ST PETERSBURG STAFF WRITER The ST PETERSBURG STAFF WRITER represents the experienced team at HEREStPetersburg.com, your go-to source for actionable local news and information in St Petersburg, Pinellas County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Grand Prix of St. Petersburg, Localtopia, and SHINE Mural Festival. Our coverage extends to key organizations like the St. Petersburg Area Chamber of Commerce and St. Pete Downtown Partnership, plus leading businesses in finance, manufacturing, and healthcare that power the local economy such as Raymond James Financial, Jabil, and Bayfront Health St. Petersburg. As part of the broader HERE network, including HEREJacksonville.com, HEREOrlando.com, HERETallahassee.com, and HERETampa.com, we provide comprehensive, credible insights into Florida's dynamic landscape.
