 | Top of the Inc. 5000 By State We thought it would be fun to see if we could find the magic formula. Hidden inside of a list like the Inc. 500 Fastest Growing Companies is a secret code. Crack the code and you might figure out how to consistently rank in the top of the list. To find the secret code, we matched public data about states to the Inc. 5000. Matching census data, mean temperature, education, income and health to the Inc. 5000 produced interesting results: | ||
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| Top of the Inc. 5000 | Press Release | Inc. 5000 & NC | Infographic |
Inc. Magazine’s Fastest Growing By State | |||
| Rich Get Richer 18 states contribute 4003 companies, or 80% of Inc. 5000 (chart below). | HOT or Cold The annual mean temperature in those 18 states is 54 degrees. | Population Matters Biggest 4: CA, TX, | Average Income Doesn’t CA is #13, TX #24, |
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| Rich Get Richer Top 5 CA, TX, NY, FL and VA account for 40% of total companies in Inc. 5000. | HOT or Cold The annual mean temperature in top 5 states is 59 degrees. | Population Matters Top 5 states account for 35% of US Population. | Average Income NY richest Top 5 avg annual income $48,821 6th overall. |
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| Rich Get Richer Top 5 states have more firms, Only VA lags at #12. | HOT or Cold Sun shines on Top 5 states more than mean. | Population Matters Top 5 states Have more college students, only VA lags at 13th. | Health Only FL and VA rank well in health gains, other top states may have already been healthy. |
