Archives of the Mayor's Press Office

FOR IMMEDIATE RELEASE
Date: Tuesday, October 19, 1999

Release # 424-99

Contact: Sunny Mindel/Curt Ritter 212-788-2958 Bernadette O'Leary 212-312-3523 (EDC)


MAYOR GIULIANI ANNOUNCES NEW YORK CITY TOPS INC. 500 LIST FOR THIRD CONSECUTIVE YEAR

New York City Has More Fast-Growing Companies Than Any Other U.S. City

Mayor Rudolph W. Giuliani announced today that for the third year in a row, New York City has the most companies on Inc. Magazine's list of America's 500 fastest-growing, privately-held businesses, than any other city in the country.

Inc. reports that New York City tops the list with 14 companies, edging out second-place Atlanta.

"For the third year in a row, the Inc. 500 list proves that New York City is the place for promising, privately-held businesses to grow," said Mayor Giuliani. "In addition, the New York metropolitan area leads the country with 34 companies on the list. I am pleased that Inc. has highlighted the growth and diversity of the City's businesses."

New York City companies on the 1999 Inc. 500 list include Alliance Group Consulting (# 3), Binary Tree (# 425), Concorde Flooring Systems (# 306), Citipost (# 406), Cyber Dialogue (# 163), ITS (# 337), Jupiter Communications (# 391), The Knitting Factory (# 90), Sanvision Tech (# 168), Spinecare (# 263), Total Containment of New York (# 401), Transaction Information Systems (# 471), Vector Strategic Resources (# 232) and Wall Street Services (# 228).

In recent years, computer-related businesses have made up the majority of the list, and they comprise 46 percent of the companies on this year's list. Former winners include Long Island City-based companies PC Ware International and Jade Systems, E*Trade, Microsoft, Oracle and Gateway. This year's Inc. 500 issue hits newsstands October 19 and features regional and local success stories, unusual innovations and entrepreneurs who have led their companies' growth.

Last year, New York City topped the Inc. 500 list with 15 companies. In 1997, New York City had 14 companies on the list.

www.ci.nyc.ny.us


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