The Inc. 5000 is a list of the 5,000 fastest-growing private companies in the U.S. based on their revenue growth rate. To qualify for the Inc. 5000 2023 list, a company must have generated revenue by March 31, 2019, at least $100,000 in revenue in 2019 and at least $2 million in revenue in 2022.
“The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated,” says Scott Omelianuk, editor-in-chief of Inc., which publishes the list. “Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today.”
102 Utah companies made the 2023 list, with nearly one-fifth (19 companies) headquartered in Lehi. Salt Lake City was in second place with 10. Other cities with high concentrations of fast-growing companies included Sandy (7), Orem (6), American Fork (5), Draper (5), Park City (4), and Provo (4).
Chunker, a Lehi-based marketplace for short-term warehouse space, made the Inc. 5000 for the first time in 2023, coming in at No. 391. “Being acknowledged as one of the fastest-growing companies in America is a tremendous honor for us,” said Brad Wright, founder and CEO of Chunker.
