News Summary
According to Inc. Magazine’s 2025 Inc. 5000 list, over 40 companies from upstate New York are among the fastest growing firms in the nation. These companies have collectively generated $300.5 billion in revenue and employ over 1.1 million people. The recognition signifies a strong economic performance in the region, showcasing resilience and growth potential post-pandemic. With a focus on innovation, these businesses contribute greatly to both local and national economies.
Albany, New York – Over 40 companies from upstate New York have been recognized as some of the fastest growing firms in the nation, according to Inc. Magazine’s 2025 Inc. 5000 list. This prestigious ranking assesses privately held, for-profit, and independent companies across America based on their revenue growth from 2021 to 2024.
The companies were evaluated using their percentage revenue growth during this period. To qualify for the Inc. 5000 list, firms had to be established and start generating revenue by March 31, 2021. Additionally, they needed to meet minimum revenue thresholds of $100,000 in 2021 and $2 million in 2024.
The 45 upstate New York businesses highlight the region’s strong economic performance, contributing significantly to the national economy. Collectively, these companies have generated a staggering $300.5 billion in revenue, employing over 1.1 million people throughout the United States. This showcases not only the growth of individual companies but also the resilience and potential of the upstate New York business environment.
Inc. Magazine’s 2025 list includes a total of over 330 companies located across New York State, emphasizing the burgeoning entrepreneurial spirit within the area. The Inc. 5000 list is a well-respected resource for identifying the fastest growing private companies in the country, and being included in this prestigious roster can significantly enhance a business’s credibility and visibility.
The report was prepared by Emily Barnes, a consumer-related issues reporter for the USA TODAY Network’s New York Connect Team. Barnes specializes in covering topics like scams and recalls, bringing critical information to the forefront for consumers and businesses alike.
In-depth analysis and methodology behind the rankings reveal a robust landscape for innovation and growth in upstate New York. The criteria not only assess financial metrics but also consider the broader impact of these companies on local and national economies. This year’s report emphasizes the continued upward trajectory of businesses in the region, which is vital for job creation and community development.
As businesses continue to evolve and adapt in the aftermath of the COVID-19 pandemic, the successes of these upstate New York companies signify a positive trend moving forward. The support from local communities and governmental bodies is likely to play a crucial role in sustaining this momentum as they navigate challenges and seize new opportunities for growth.
For those interested in the complete list of upstate New York companies featured on the Inc. 5000 list, detailed information can be accessed directly through the Inc. Magazine website. This invaluable resource serves as a testament to the entrepreneurial spirit and economic vitality present in upstate New York.
As the business landscape continues to evolve, these companies will undoubtedly inspire new ventures and spark increased interest in the potential of the region. The future seems bright for upstate New York businesses, with innovation and growth at the forefront of their missions.
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- Democrat & Chronicle: NY Companies Rank Among Fastest Growing
- Wikipedia: Inc. 5000
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- Google Search: New York solar industry
- New York Post: Fastest Growing Cities Near NYC
- Google Scholar: Albany NY businesses
- New York Upstate: Rising Rents in Upstate NY
- Encyclopedia Britannica: Upstate New York
- Hudson Valley Post: Pepsi Closing Upstate NY Plant
- Google News: Pepsi closing plant New York
Author: STAFF HERE NEW YORK WRITER
NEW YORK STAFF WRITER The NEW YORK STAFF WRITER represents the experienced team at HERENewYork.com, your go-to source for actionable local news and information in New York, the five boroughs, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as New York Fashion Week, Macy's Thanksgiving Day Parade, and Tribeca Film Festival. Our coverage extends to key organizations like the Greater New York Chamber of Commerce and United Way of New York, plus leading businesses in finance and media that power the local economy such as JPMorgan Chase, Goldman Sachs, and Bloomberg. As part of the broader HERE network, including HEREBuffalo.com, we provide comprehensive, credible insights into New York's dynamic landscape.
