Mar-Bal, Inc. honored for manufacturing job creation over the past 18 months
New York, NY (October 29, 2013) – Chagrin Falls, Ohio based Mar-Bal, Inc. will be
featured in the 2nd annual Inc. Hire Power Awards, recognizing the private businesses
that have generated the most jobs in the past three years.
Mar-Bal, Inc. generated 179 jobs, representing a 60% employee growth, from January
1st, 2012 to June 30th 2013, placing it among the top private business job creators within
the manufacturing industry.
Founded in 1970, Mar-Bal, Inc. is a compounder and molder of Thermoset composite
products. As a vertically-integrated, one-source solutions provider, Mar-Bal serves the
appliance, electrical, industrial and transportation marketplaces from their four facilities
located in Ohio, Missouri and Virginia.
The Bureau of Labor Statistics reports that only 222,000 full-time jobs were added in
2012—compare those numbers to the honorees of the Inc. magazine’s HIRE POWER
AWARDS, which created 69,182 jobs between January 1, 2012 and June 30, 2013. The
numbers become even more amazing when you look closer—the top job creator,
Universal Services of America added 14,240 employees to a workforce of 35,000;
second-place Vivint added 1,943 to 6,496 and third-place Heartland Dental Care added
1,759 to 4,965. These small to mid-sized companies and other just like Mar-Bal could
hold the key to restoring America’s economic vitality.
“For the second year in a row, we are pleased to recognize the employers who are
putting Americans back to work for a second time,” says Eric Schurenberg, Editor-in-
Chief of Inc. “The HIRE POWER AWARDS are the only awards that single out job
creators. We think it’s fitting to pay tribute to company founders not just for their
business prowess but also for their immense contribution to the welfare of U.S. workers
and the vitality of the U.S. economy.”
Mar-Bal, Inc. is among the 437 private growth companies that are HIRE POWER AWARDS honorees, leading the way in creating more American jobs. While the honorees are found across the country in 25 categories, industries with the most Hire Power companies include health, financial services, software, human resources and IT services. States with the most honorees include California, Florida, Texas, Ohio, New York, Massachusetts, Illinois and Utah.
“At Bank of America Merrill Lynch, we understand the vital role of small and mid-sized businesses in the local economy,” said George Smith, head of Business Banking, Bank of America Merrill Lynch. “And we are proud to partner with Inc. to sponsor the Hire Power Awards to recognize these business leaders.”
An award ceremony, sponsored by Bank of America Merrill Lynch, will take place November 12, 2013 in San Francisco.
The Inc. Hire Power Award is for US-based, private companies (both for profit and non-profit). Companies must have been founded in 2011 or earlier and have employed at least 10 full-time US-based employees as of December 31, 2012. Companies must complete the Employee Verification Report. Top award finalists may also be asked to provide their 2012 EEO Employer Information Report.
Award categories include most jobs created in the US, most jobs created by state, most jobs created by industry and highest employee growth percentage,). Companies featured in Inc.’s November issue represent the top tier winners for the Higher Power Award and a complete list of the winners can be found on www.Inc.com.