National Gift Card Corp. Ranks No. 1,340 on the 2011 Inc. 500|5000
Inc. magazine today ranked National Gift Card Corp. (NGC) of Elgin, Ill. number 1,340 on its fifth annual Inc. 500|5000, an exclusive ranking of the nation's fastest-growing private companies. NGC ranked at number 46 in Chicago and at 101 in the Business Products and Services category. The list represents the most comprehensive look at America’s independent entrepreneurs.
With three-year sales growth of 214 percent, this is the second consecutive appearance on the Inc. 500|5000 list for NGC. The firm also recently clinched the number 10 spot on the Crain’s Chicago Business 2011 “Fast Fifty” list of Chicago’s fastest growing companies, based on five-year sales growth.
NGC joins Spirit Airlines, television maker Vizio, Honest Tea, Dunkin Donuts and Metrokane, makers of the Rabbit corkscrew, among other prominent brands featured on this year’s list.
In a stagnant economic environment, median growth rate of 2011 Inc. 500|5000 companies remains an impressive 94 percent. The companies on this year’s list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year.
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/5000.
Inc. 500|5000Methodology:The 2011 Inc. 500 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2010. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.