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Spokane, Washington  Est. May 19, 1883

Seven Spokane-area companies make Inc. 5000 list of fastest-growing companies

Spiceology recently secured a $4.7 million round of Series A financing. Spiceology CEO Chip Overstreet, pictured, said the capital infusion will allow the company to continue growing.  (DAN PELLE/The Spokesman-Review)

Seven Spokane-area businesses have made Inc. Magazine’s annual list of the 5,000 fastest-growing companies in the nation.

Companies on the Inc. 5000 list, released Wednesday, are ranked by the percentage of revenue growth they achieved from 2016 to 2019. To qualify, companies were required to be privately held and founded by 2016, and to have generated minimum revenue of $100,000 in 2016 and $2 million in 2019.

Spiceology was the fastest-growing Spokane-area company on the Inc. 5000 list, ranking 1,081st with a three-year revenue growth of 423%.

CEO Chip Overstreet attributes the company’s growth to its collection of spices that make it easy and enjoyable for people to cook at home.

“We bring fun and innovation to the table,” said Overstreet, adding the company recently launched a new collection of salt-free seasonings. “It’s great to be recognized. Our team works incredibly hard, and we feel like we have an opportunity to continue to grow. We think we can be a disrupter in the spice industry.”

Other local companies on the list include Professional Realty Services International, The Coeur d’Alene Window Co., Mint Condition Dental, Quiroga Law Office, Intrinium and Genetic Veterinary Services, which does business as Paw Print Genetics.

“We are very excited to have placed among the fastest-growing privately held companies in the United States. Our customers are at the heart of why we started Paw Print Genetics and why quality and accuracy in genetic testing matters,” Lisa Shaffer, founder and CEO , said in a statement.

Companies on the Inc. 5000 list achieved an average three-year growth of more than 500%, according to an Inc. magazine news release.

“The companies on this year’s Inc. 5000 come from nearly every realm of business,” Inc. editor-in-chief Scott Omelianuk said in a statement.

“From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”