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CityParking Listed on ‘Inc. 500|5000’With 3-Year Revenue Growth of 79%


By John Van Horn


Inc. magazine has named CityParking Inc.


of Richmond, VA, among the nation’s fastest-growing pri-


vate companies. Ranked at No. 2779, it was the only parking company on the 2011 “Inc. 500|5000” list, which represents, the magazine said, “the most comprehensive look at Ameri- ca’s independent entrepreneurs.” The list, ranked according to percentage revenue growth


when comparing 2007 to 2010, recognizes standout compa- nies growing and creating jobs. City Parking showed a 79% growth in revenue in that three-year period, from $2.2 mil- lion to $3.9 million. Astate-certified woman-owned small business, family-


run CityParking manages more than 3,600 spaces in down- town Richmond. It’s also considered a pioneer in applying Apple technologies and “cloud computing” for real-time parking space management. “As the only parking company to make this year’s list,


we are very proud to be recognized by Inc. magazine,” said Gloria K. Sharrar, Principal and Chair. The company has been serving the Richmond parking


market since 2004 under the premise of “creating innovative parking solutions and services based on the principles of effi- ciency, experience and integrity.” “In a very competitive market, we closely follow com-


mercial real estate activity downtown, which allows us to find long-term parking solutions for our customers,” Shar- rar said. The companies on this year’s Inc. 500|5000 list report


having created 350,000 jobs in the past three years. Aggre- gate revenue reached $366 billion, up 14% from last year, the magazine added. The median growth rate of the listed com- panies remained at 94% – rather impressive, it noted, given the stagnant economic environment. “Now more than ever, [the nation depends] on Inc.


500/5000 companies to spur innovation, provide jobs and drive the economy forward,” said Editor Jane Berentson. “Growth companies, not large corporations, are where the action is.” Online retailer Ideeli topped the 2011 Inc. magazine


list. Other businesses included Spirit Airlines, Vizio, Hon- est Tea, Dunkin Donuts and Metrokane, makers of the Rab- bit corkscrew.


PT


At least half a dozen new links to parking news are posted daily at www.parkingtoday.com


Parking Today www.parkingtoday.com


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