Inc. magazine revealed that POWERHOME SOLAR is No. 23 on its 2021 Inc. 5000 Regionals: Midwest list, the most prestigious ranking of the fastest-growing private companies in Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota and Wisconsin. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Midwest economy’s most dynamic segment — its independent small businesses.
POWERHOME SOLAR saw tremendous growth in 2020, with the company experiencing a 95% year-over-year increase in revenue to $365 million. But Inc.’s number is based off of POWERHOME SOLAR’s percentage growth of 431% based off of numbers from 2017 and 2019. With that said, you could be seeing us on this list next year!
POWERHOME SOLAR continues to grow as it now has 1,700+ employees — more than doubling its workforce within the past year. POWERHOME SOLAR has also increased its footprint from nine states to 12 since the start of 2020, with six of those states located in the Midwest.
The companies on this list show stunning rates of growth across all industries in the 12 Midwest states. Between 2017 and 2019, these 250 private companies had an average growth rate of 199 percent and, in 2019 alone, they employed more than 43,000 people and added more than $11 billion to the Midwest economy. Companies based in the Chicago, Detroit, and Cincinnati areas brought in the highest revenue overall.
“We are proud and humbled of this accomplishment and to be recognized by Inc. magazine as one of the fastest-growing private companies,” said Jayson Waller, POWERHOME SOLAR CEO. “We have an impressive team in a fast-growing industry, so we look forward to continued momentum and success.”
Complete results of the Inc. 5000 Regionals: Midwest, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at https://www.inc.com/inc5000/regionals/midwest.
“This list proves the power of companies in Midwest states no matter the industry,” says Inc. editor-in-chief Scott Omelianuk. “The impressive revenues and growth rates prove the insight and diligence of CEOs and that these businesses are here to stay.”