Region businesses on Inc. 5000 2023 list of fastest growing private companies • Northwest Indiana Business Magazine
Siltworm Inc.

Region businesses on Inc. 5000 2023 list of fastest growing private companies

The Inc. 5000 2023 list of the fastest growing private companies in America include several from Northwest Indiana.

According to Inc., the companies on its list generated $358 billion in 2022 revenue and created more than a million jobs. Fifty companies from Indiana are listed. They generated $2.4 billion in total revenue and 2,606 jobs. Six were recently founded, and 33 are repeat honorees.

Companies that made the list were ranked by the percentage of revenue growth from 2019 to 2022 and must have been founded by March 31, 2019. They also must be based in the U.S., privately held, for profit and not be subsidiaries or divisions of other companies as of Dec. 31, 20222.

The following is a list of Region companies by rank:

No. 1,085: MSI Express, manufacturing, Portage

No. 1,175: WeCreate, advertising and marketing, Valparaiso

No. 1,739: BNutty Peanut Butter, food and beverage, Portage

No. 1,782: Cargox, logistics and transportation, Munster

No. 3,455: Siltworm, environmental services, Merrillville

“Siltworm Inc. making it onto the Inc. 5000 list is a true testament to our team's unwavering dedication and belief in our mission,” said Joe Moore, founder of Siltworm Inc., in a press release. “… Our journey from a small venture to a nationwide presence speaks to the strong relationships we've built with our clients, distributors and industry peers.”

Siltworm ranked No. 26 among companies focused on environmental services.

“This recognition fuels our drive to continue pushing forward, solidifying Siltworm Inc.'s legacy as a symbol of innovation, responsibility and excellence in erosion control,” Moore said.

The Inc. 5000 list has been determined every year since 1982 and has included companies such as Facebook, Chobani, Under Armour, Microsoft and Patagonia.

“Running a business has only gotten harder since the end of the pandemic,” said Inc. editor-in-chief Scott Omelianuk. “To make the Inc. 5000 — with the fast growth that requires — is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.”

Find complete results, including company profiles and an interactive database that can be sorted by industry, location and state, here.

Caption: Siltworm Inc. ranks No. 3455 on the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America. It was one of 50 companies in Indiana to make the list. (Provided by Siltworm)


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