Minnesota Company Among America’s Best Small Companies: Forbes

One Minnesota company made Forbes’ second annual list of “Small Giants,” or America’s best small companies.

The second annual list, released by Forbes May 9, comprises of 25 small companies that value “greatness over growth.” According to Forbes, what these companies have in common is a sound business model, strong balance sheets and steady profits.

But that’s not all. The companies contribute to their communities and have been acknowledged in their respective fields.

The Minnesota company that made the list is:

• HED Cycling, Based in Roseville, Minnesota

Here’s what Forbes has to say about HED Cycling:

For triathletes and professional bikers (including Lance Armstrong), HED Cycling has been a go-to place for fast wheels since Steven Hed started manufacturing them for his St. Paul, Minnesota, bike shop in the mid-1980s. But after Steven died suddenly in 2014, his widow and business partner, Anne Hed, was left to figure out what to do. Today, HED Cycling is thriving, selling bike wheels that range from $900 a pair (aluminum rim) to $6,000 a pair (carbon composite) and a new line of high-end frames manufactured for Cervelo’s P5X bike.

>>>Click here to see the full list of companies that made the list.

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