Forty Long Island companies made the 2016 Inc. 5000 list of the nation’s fastest-growing companies, led by No. 30 Taldepot.com, an online provider of groceries based in Cedarhurst with operations in Freeport.
Taldepot.com, co-founded in 2012 by CEO Jeremy Reichmann and COO Seth Yanofsky, competes against online heavyweights like Amazon.com and Target.com in supplying bulk, nonperishable groceries such as pasta and energy drinks.
The magazine’s 35th annual ranking was based on the companies’ percentage revenue growth, comparing 2012 to 2015. To qualify, companies must be private, for-profit and independent as of Dec. 31, 2015. They must have been founded and producing revenue by March 31, 2012.
Taldepot.com grew its workforce from four in 2012 to 72 in 2015 and posted a revenue growth rate from 2012 to 2015 of 6,988 percent to $14.8 million, according to Inc.’s data.
Reichmann, 28, said the idea for the company was sparked when his wife was forced to carry dozens of bags of Wise onion rings, the favorite snack of their three children, from the grocery store.
The idea: to simplify consumers’ lives.
“What we’re trying to do is give our customers time,” he said.
Initially, vendors were wary and some demanded cash on delivery instead of the credit terms traditionally offered to retailers. “Nobody wanted to touch us,” he said.
These days, however, about 70 vendors are vying to sell through the website in addition to the 50 already listed, he said. The company ships to all 50 states and is considering securing a second warehouse, possibly in Las Vegas, to lower shipping costs to the West.
National Medtrans Network, a medical transportation company, placed second among Long Island companies on the Inc. list, at No. 226. The Ronkonkoma company posted a three-year growth rate of 1,765 percent to $73.7 million.
The third-ranked Long Island company was Ruby Has Fulfillment, a Bay Shore provider of outsourced product delivery and order return services for e-commerce companies.
Inc.’s ranking gave Long Island 0.8 percent of the nation’s fastest-growing companies, in line with Long Island’s 0.9 percent slice of the nation’s population, according to 2015 estimates by the Census Bureau.
In recent years Long Island’s roster of large, public corporations has declined with the departure or acquisition of companies like Arrow Electronics and Pall Corp., but that trend has been offset in part by an increase in the number of smaller companies.
The number of Long Island businesses overall increased 2.1 percent to 96,654 from 2009 to 2014, according to census data.
Meanwhile, the number of companies with 500 employees or more fell nearly 7 percent from 2002 to 2012.
CORRECTION: Long Island’s proportion of the nation’s fastest-growing companies in the Inc. ranking, and its proportion of the nation’s population, were incorrect in an earlier version of this story.