Breaking Business News: Meet the Fastest Growing Private Companies in Asheville

Breaking Business News: Meet the Fastest Growing Private Companies in Asheville

Business is booming in Asheville, and the proof is in the numbers. Six amazing local businesses have recently been recognized as some of the fastest growing private companies in America. This feat has not gone unnoticed, with each of these companies earning their place on the prestigious Inc. 5000 list for 2024. Generated annually by Inc. magazine, this list ranks companies based on their revenue growth over a three year period, in this case, from 2020 to 2023.

Rising Business Stars of Asheville

The six Asheville-based firms recognized by Inc. 5000 have seen a jaw-dropping median growth of 540%. Together, they have also contributed significantly to employment in the region, adding 198 new jobs. Four out of the six companies are repeat honorees, underlining Asheville’s vibrant and dynamic business scene. Let’s take a closer look at these star performers making Asheville proud.

Empire National (Rank: 327)

This Fletcher-based logistics partner offers air, ocean, and ground freight shipping across the lower 48 states. Empire National has expanded its suite of offerings to include inventory management and distribution services, resulting in a remarkable growth rate of 1,316%.

Sauna House (Rank: 838)

With a growth rate of 592%, bathhouse Sauna House offers Asheville residents and tourists a unique wellness experience. Known for their eco-friendly approach, this sauna and cold plunge therapy provider is set to expand its services beyond Asheville to Durham, Denver, Charlotte, Greenville, Bonita Springs, and Charleston.

Honest Digital (Rank: 878)

A specialized advertising and marketing company, Honest Digital offers SEO and paid advertising services to automotive companies. Their cutting-edge techniques and customer-driven approach has led to a growth rate of 571%.

Point Global Logistics (Rank: 1,004)

This specialized freight forwarder has seen a growth rate of 509%. Point Global Logistics’ aim to simplify global transportation services and supply chain management has resulted in substantial growth and a reputable name in the industry.

Artisan Studios (Rank: 1,107)

Providing web, mobile, and standalone kiosk design, tech service management, and tech strategy for various sectors, digital consultancy Artisan Studios grew by 462%.

Riverbend Malt House (Rank: 3,551)

A three-time honoree, Riverbend Malt House supplies custom, locally sourced malts to breweries and distilleries. As the first and largest craft maltster in the Southeast, their growth rate sat at 135%.

Asheville’s Thriving Business Scene

These high-performing Asheville companies, spanning industries from wellness and digital marketing to logistics and craft brewing, have not only seen monumental growth but also significantly contributed to job creation. Their performance speaks volumes about the vitality of Asheville’s business sector. In a challenging business environment, these companies have stood out, continuously innovating, and investing in their expansion. The success of these six companies gives residents, workers, and investors alike assurance about the bright future of business in Asheville.