NEW YORK, Aug. 30 /PRNewswire/ -- Inc. magazine today ranked StarchTech No. 3815 on its fourth annual Inc. 5000, an exclusive ranking of the nation's fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America's independent-minded entrepreneurs. "The leaders of the companies on this year's Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression," said Inc. president Bob LaPointe. "The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs."
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StarchTech, based in Golden Valley, MN, is the world-wide manufacturer of Eco Friendly packaging material made from corn starch. Founded in 1996 by Edward Boehmer, STI operates under the vision of developing and commercializing an environmentally conscious product using starch-based technology. StarchTech also focuses on the principle that one can create products that are both environmentally and economically sound. It is the synergy of this philosophy and the dedication of its people that establishes the foundation of StarchTech.
StarchTech Inc., as its name implies, utilizes starch as the primary ingredient in its packaging material. The applications include a finished, starch-based packaging material and a resin form of the same material that sublicenses other manufacturers to expand starch packing material for resale or internal use. StarchTech now has 50 packaging systems located in approximately 30 locations around the world covering the U.S., Canada, Australia, and Europe. The concept behind StarchTech's growth and longevity is to make a high quality, environmentally friendly packaging product as readily available and cost effective as possible.
Despite the fact that most of this year's measuring period of 2006-2009 took place during the latest recession, aggregate revenue among the companies on the list actually increased to $321.6 billion, up more than 50 percent from last year. The effects of the recession are seen, however, in the median three-year growth rate, which dropped to 96 percent from last year's 126 percent. This year's Inc. 5000 employ a record 1.4 million people, up from one million on last year's list. With unemployment remaining stubbornly high, policymakers and business leaders will do well to look to the Inc. 5000 companies for fresh ideas on achieving growth and creating jobs.
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 on www.inc.com/5000. For more information please contact Denise Pech at 763-545-5400 or denise@starchtech.com or check out our website at www.starchtech.com.
SOURCE StarchTech
