Power Design Lands on Prestigious List of Nation's Fastest Growing Private Companies –Inc. 5000

The exclusive list added powerhouse companies such as Orange Theory Fitness, Yeti Coolers and Power Design based on percentage of three-year sales growth
ST. PETERSBURG, Fla. - Aug. 23, 2016 - PRLog -- Last week Inc. magazine ranked Power Design on its 35th annual Inc. 5000, a list representing a unique look at the most successful companies in America. Companies such as Microsoft, Pandora, LinkedIn, Yelp and Zillow gained their first national exposure as honorees of the Inc. 5000.

"To be honored on the Inc. 5000 list is a true achievement," says Power Design CEO, Mitch Permuy. "Our strategic decision making has set the platform for continued growth."

Permuy attributes the company's accomplishments to a few key differentiators that have taken Power Design from a local electrical contractor to a leading, full-service provider with a national footprint coast to coast.

"The construction industry is traditional by nature," he explains. "We have been challenging the status quo since inception, taking a different approach to our business model and focusing on relationships. Our innovations with training, technology, and quality control are what set us apart."

As one of the company's core values, innovation continues to be a driving force behind Power Design's success. They recently completed phase one of a master campus expansion plan including 133,000-square-feet of corporate headquarters.  The latest completed building consists of a 16,000-square-foot training center, fitness facility & sport court and hands-on jobsite simulation experiences; elements that uniquely position Power Design to attract, evaluate and engage employees while maintaining an exceptional reputation with their clients and peers.

"No one makes the Inc. 5000 list without building something great – usually from scratch," says Inc. President and Editor-In-Chief Eric Schurenberg. "That's one of the hardest things to do in business, as every company founder knows. But without it, free enterprise fails."

Making this recognition even more of a triumph for Power Design is the size and age of the company. "For us to be in business for 25 years and have over 1,000 employees nationwide, it's a challenge to make it on a list of fastest-growing companies and be ranked amongst some amazing start-ups," explained Lauren Permuy, VP of Business Development at Power Design.

The companies featured on the Inc. 5000 list collectively generated 640,000 jobs over the past three years, or about 8% of all jobs created in the entire economy during that period. "We are proud to be part of the economic upswing and are projecting even more job growth in 2017," said VP of Human Resources, Marlene Velez. "The level of service we provide not just to clients but to our employees is a big draw for potential hires. Our holistic environment enables a work-life balance that our people appreciate. "

Power Design was named one of Fortune's Best Workplaces for Millennials in 2015 and continues to rank on the top of national industry lists for electrical contracting year after year. The 2016 Inc. 5000 list, which is the most competitive crop in their history, is now available for viewing online and available on newsstands August 23rd.

About Power Design, Inc.

With more than 160 active projects, a 133,000-square-foot national campus, a 100,000-square-foot distribution center, and accumulative revenue exceeding $2 billion dollars, Power Design is one of the leading electrical contractors in the United States. With a 16,000-square-foot training center dedicated to core training and hands-on simulation experiences to provide real-life applications, Power Design is at the forefront of innovative training practices and techniques.

Since founded in 1989, Power Design has operated as a family-run business built on an unbending foundation of quality service and loyalty to our employees and customers.  Our commitment to customer service has enabled us to partner with the top 100 general contractors as ranked by Engineering News-Record (ENR). For more information visit: www.powerdesigninc.us or call 727.210.0492.

About Inc. 5000

The 2016 Inc. 5000 is ranked according to percentage revenue growth when comparing 2012 to 2015. To qualify, companies must have been founded and generating revenue by March 31, 2012. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2015. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2012 is $100,000; the minimum for 2015 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.

Rachel Podos, Marketing Specialist
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Tags:Construction, Electrical, Fastest-growing
Location:St. Petersburg - Florida - United States
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