New Jersey Companies Make List: ‘2020 Fastest-Growing Companies'

NEW JERSEY — Inc. this week announced its 2020 list of fastest-growing privately-held companies in the United States. The annual list offers a look into 5,000 of the most successful small businesses led by some of the country’s most inspiring entrepreneurs.

Well-known honorees on previous Inc. 5000 lists include Intuit, Zappos, Under Armour, Microsoft and Patagonia.

Companies on this year’s list achieved average growth of 500 percent over three years. Combined, companies earned about $209 billion in revenue in 2019, accounting for more than 1 million jobs over the past three years.

“The companies on this year’s Inc. 5000 come from nearly every realm of business,” Inc. editor-in-chief Scott Omelianuk said in a news release. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”

In New Jersey, 132 companies made the list. They range from fashion retailers to food distributors to high tech, in places from Red Bank to Princeton to Skillman.

The top five highest ranked New Jersey companies on this year’s list were:

64. CXFormula

• LOCATION: Mahwah
• INDUSTRY: Advertising & Marketing
• 3-YEAR GROWTH: 4,980%

94. Thunderbolt Software

• LOCATION: Egg Harbor Township
• INDUSTRY: Engineering
• 3-YEAR GROWTH: 3,608%

119. Boxzooka Fulfillment & Global Ecommerce

• LOCATION: Secaucus
• INDUSTRY: Logistics & Transportation
• 3-YEAR GROWTH: 3,097%

126. Techsmart Global

• LOCATION: Plainsboro
• INDUSTRY: IT Management
• 3-YEAR GROWTH: 2,930%

199. Money Avenue

• LOCATION: Iselin
• INDUSTRY: Financial Services
• 3-YEAR GROWTH: 2,136%

The complete 2020 Inc. 5000 list, including company profiles and an interactive database, can be found here. The top 500 companies will also be featured in the September issue of Inc., available on newsstands Aug. 18.

The annual Inc. 5000 event honoring the companies on the list will be held virtually Oct. 23-27.

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