Despite the Pandemic the Trade School Experienced an Impressive
Three-Year Revenue Growth of 1,906 Percent
Las Vegas – National Technical Institute (NTI), has announced for the second year, they have been recognized by Inc. magazine’s annual Inc. 5000 list, ranking at No. 230. This is the most prestigious ranking of the nation’s fastest-growing private companies, which represents a unique look at the most successful businesses within the American economy. Despite the pandemic, the trade school experienced an impressive three-year revenue growth of 1,906 percent.
“The inclusion of NTI for the second year in a row shows that demand for trade skills is on the rise. This was never more true when the pandemic hit, as many realized the need for an essential career was vital to earn a stable income,” said Chris Roth, CEO and Owner of NTI. “Our mission is to help alleviate the trade skills gap and our growth shows that we are fulfilling that goal. However, there is a still a long way to go and we hope that more people will reconsider a four-year college track and look at the benefits of learning a trade instead.”
At NTI, students graduate with job-ready trade skills without the massive burden of debt from a four-year degree. According to the Department of Labor’s Occupational Outlook Handbook, demand for HVAC technicians, plumbers and electricians should continue to grow through 2029, a forecast that has America facing an unprecedented skilled labor shortage.
NTI differs from other trade schools by offering flexible financing options, a comprehensive fast-track training program, and a unique hybrid learning model. Taking only 12 weeks to complete a certification, graduates enter the workforce with high earnings potential as the average salary for HVAC installers and mechanics is $48,730, $56,180 for electricians, and $55,160 for plumbers.
About the List
Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but this year’s list also proved especially resilient and flexible given 2020’s unprecedented challenges. Among the 5,000, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three years.
“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” says Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc., which will be available on newsstands on August 20.
About National Technical Institute:
Established in 2003, National Technical Institute (NTI) is a state approved trade school with campuses in Las Vegas and Phoenix, AZ offering fast-track training in HVAC, plumbing and electrical. NTI’s mission is to produce problem solving, creative thinking graduates who possess industry-standard knowledge and skills for a long-term, promising career. Taking only 12 weeks to complete, flexibility is built around a student’s schedule with an HVAC Fusion Training Program consisting of both online classes and practical hands-on training in a lab, weekend or weekday tracks and morning or evening classes. With a real-life, hands-on HVAC Installation Training Facility, the school’s advanced labs consist of the most modern and relevant HVAC mechanical, commercial refrigeration and electrical training equipment in the industry. In 2019, NTI was honored as “The Best Trade School” by the Las Vegas Review-Journal and one of the top 500 fastest growing companies for 2020 by Inc. 5000.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including web sites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Vision Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.