GRAND RAPIDS, MI — Stiles Machinery Inc., a supplier of advanced CNC equipment for panel processing, solid wood and related industries, has been included on the first-ever Inc. 5,000 list of the fastest-growing private companies in the country, according to ADN News Network. The Inc. 5,000, an extension of Inc. magazine's annual Inc. 500 list, catches many businesses that are too big to grow at the pace required to make the Inc. 500, as well as a host of smaller firms.
“The Inc. 5,000 provides the most comprehensive look ever at the most important part of the economy — the entrepreneurial part,” said Inc. 5,000 Project Manager Jim Melloan. “The expansion of the list has allowed us to tell the stories of larger companies, older companies and a wealth of companies in industries like manufacturing and construction that are under-reported in the business media.”
The 2007 Inc. 5,000 list measures revenue growth from 2003 through 2006. To qualify, companies had to be U.S.-based and privately held, independent — not subsidiaries or divisions of other companies — as of Dec. 31, 2006, and have had at least $200,000 in revenue in 2003, and $2 million in 2006.
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