Talan Products Named to List of Fastest-Growing CompaniesJuly 1, 2008
With a five-year growth rate of 156 percent, metalforming company Talan Products, Cleveland, OH, became one of only two U.S. metalforming companies to make the 2008 Inner City 100 list, a national ranking of the fastest-growing inner-city companies. The list, created by the not-for-profit organization Initiative for a Competitive Inner City, and Inc. Magazine, includes only 10 manufacturing companies, including metalformer Spex Precision Machine Technologies, Rochester, NY.
To qualify for the list, a company must have more than half of its operations located in an economically distressed urban area; at least 10 full-time employees; a five-year operating sales history that includes at least $200,000 in revenues in the first year of consideration; an increase in year-five sales over year-four sales; and fifth-year sales of at least $1 million.
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