TWO NEWARK STARTUPS MAKE INC. 5000 LIST
Two startups in Newark have been recognized for their impressive revenue growth on the 2023 Inc. 5000 list. These companies offer potential opportunities for individuals impacted by layoffs or those seeking new challenges.
The startups were ranked based on their revenue growth from 2019 to 2022, requiring them to have earned at least $100,000 in 2019 and increased that amount to at least $2 million by the end of 2022. Additionally, they needed to have been generating revenue since March 31, 2019.
One of the Newark companies on the list is Object Oriented Partners, an Education company. They experienced a remarkable 761 percent growth over the three-year period and were ranked 774 nationally.
The second company is CloudPaths, a Business Products & Services company. They achieved an impressive 619 percent growth over the same three-year span and secured a national ranking of 959. CloudPaths is currently offering 13 remote job opportunities on its career page.
The 2023 Inc. 5000 list demonstrates the significant collective achievements of the featured companies. In total, these companies generated $358.2 billion in revenue, created almost 1.2 million jobs, and experienced a median growth rate of 219 percent. The list includes a mix of 638 newly founded companies and 3,047 repeat honorees.
These two Newark startups’ inclusion on the Inc. 5000 list highlights their success and potential for providing new opportunities in the community.