Work Market on Forbes' Most Promising Companies list

Huntington-based startup, Work Market Inc., has been named to the list of America's Most Promising Companies compiled by business magazine Forbes.

The tech company, which provides an online tool for businesses to manage professional freelancers and contract workers and for those freelancers to find work, was No. 21 in Forbes' third iteration of the list.

Forbes took applications from U.S. companies to create the list, and assessed criteria such as sales and hiring growth, management and investor quality, margins, market size and key partnerships to rank the businesses.

Work Market was founded by Huntington-native Jeff Leventhal and business partners in 2010. The company has 42 employees across its offices in Huntington and Manhattan, with annual revenues of $40 million, according to figures from Forbes.

So far, Work Market has raised more than $16 million in venture capital funding. The company was built in Manhattan, but opened its Huntington headquarters in 2012. Work Market is also the first beneficiary of the Suffolk County Industrial Development Agency's Boost Program, which offers tax breaks to startup companies to foster growth. Under the program, Work Market was approved in 2012 to receive $51,250 in tax breaks over 5 years.