For Immediate Release
Redwood City and Peninsula Region Lead the Way in Growth of Private Companies
Redwood City, CA - November 1, 2011 - Illustrating the great opportunities for companies to thrive in the Peninsula region, fully one-third of Silicon Valley’s top 51 fastest growing private companies for 2011 are in San Mateo County (according to the Silicon Valley-San Jose Business Journal, October 14, 2011). Further, 25% of those Peninsula companies are headquartered in Redwood City.
“We’re very proud to be the winning location for these firms,” said Redwood City Mayor Jeff Ira. “More and more companies are finding that Redwood City can offer the perfect combination of location, space, talent, and services. We’re the Peninsula’s hub of Silicon Valley, and very happy to be part of the continuing success of these great companies.”
The Business Journal’s ranking looked at revenue growth over the last three fiscal years. Sixteen of the top 51 fastest growing private companies reside in San Mateo County, and four of those are in Redwood City. They are, Imperva, with 72.3% growth; Merced Systems Inc. with 65.8% growth; Equilar Inc., with 49.6% growth; and Qualys Inc. with 30.2% growth.
Redwood City has a long tradition of entrepreneurs and companies who came here and fulfilled their vision for success and prosperity. From venture capital, software, and online retail, to bio-pharma, internet gaming, cloud, and many other business types – they’re making Redwood City the true Peninsula Hub of Silicon Valley. With its vibrant, business friendly environment, and its recently adopted Downtown Precise Plan and General Plan, Redwood City is poised to welcome more businesses into its community, enhancing economic activity, jobs, and quality of life.
Visit Redwood City’s award-winning website at www.redwoodcity.org for information about the City and its services, the community, recreation programs, education, and local business. Subscribe to Redwood City’s newsletters and other City documents at www.redwoodcity.org/egov.