Midwest Prototyping News

For 7th consecutive Time, Midwest Prototyping listed to annual Inc. 5000

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NEW YORK, August 16, 2018 – For the seventh consecutive year, Inc. magazine revealed Midwest Prototyping has been named to its 37th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies.

 

One of the nation’s largest independent additive manufacturing service bureaus, Midwest Prototyping offers a diversified array of 3D printing technologies for both prototyping and end-use production applications.

 

“Seven straight years on the Inc. 5000 is a testament to our team at Midwest – they’ve continued to demonstrate that as we grow, they’re dedicated to providing the quality service and expertise our customers trust,” said Steve Grundahl, President and founder of Midwest Prototyping. “The positive impact of 3D printing in our daily lives continues to become apparent, and we’re thrilled to be a part of such an energetic industry.”

 

Ranking No. 4889 on this year’s list, the Wisconsin-headquartered service bureau experienced rapid development in the past several years, exhibiting a 3-year growth rate of 61%. In July of 2018, Midwest Prototyping announced its expansion to a Colorado facility with the acquisition of the Tenere rapid prototyping division, offering customers in the Great Plains and Pacific Coast more options for rapid prototyping solutions.

 

Midwest Prototyping’s accomplishment hasn’t gone unnoticed by Inc. magazine. In a letter to Grundahl, Inc. editor in chief James Ledbetter took note of the feat, saying “This is your 7th time on the Inc. 5000, which is a truly extraordinary accomplishment… Of the tens of thousands of companies that have applied to the Inc. 5000 over the years, only a fraction have made the list more than once. A mere three and a half percent have made the list 7 times. Congratulations to you and your team. You should be proud of all Midwest Prototyping has achieved to date.”

 

The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. As a whole, companies on the 2018 Inc. 5000 show staggering growth compared with prior lists: The Inc. 5000’s aggregate revenue was $206.1 billion in 2017, accounting for 664,095 jobs over the past three years.

 

“If your company is on the Inc. 5000, it’s unparalleled recognition of your years of hard work and sacrifice,” says Ledbetter. “The lines of business may come and go, or come and stay. What doesn’t change is the way entrepreneurs create and accelerate the forces that shape our lives.”

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