Written by John Egan for the CultureMap Austin.
Women’s empowerment is a flourishing industry, at least in Austin.
According to the newly released Inc. 5000 list, which ranked companies according to percentage growth in revenue from 2017 to 2020, the top-ranked company from the Austin area is Empowering a Billion Women, landing at No. 28 on the list.
The company, which does business as EBW Worldwide, focuses on social, health, and economic empowerment of women. The company saw three-year revenue growth of 10,676 percent.
To qualify to be on the Inc. 5000, companies must have been founded and generating revenue by March 31, 2017. They also must be U.S.-based, privately held, for-profit, and independent. The minimum revenue threshold for 2017 is $100,000; the minimum for 2020 is $2 million.
Among the 5,000 companies on the list, the average median three-year growth rate stood at 543 percent, and median revenue reached $11.1 million.
“Access to opportunity, education, and a support system for success is key to breaking the historical biases that have previously held women back from reaching their fullest social, health, and economic potential,” says Linda Pringle Evans, dean of The EBW Business School for Women.