New York City has been on the move for nearly 400 years. The famously fast-paced metropolis attracts movers and shakers from all corners of the world, intoxicating with its entrepreneurial energy and “I can do it better” mentality. Though New York has seen plenty of ups and downs during its long history, its dynamism has never really faltered.
Today, as a global finance and innovation hub, New York City is in the midst of a nearly unprecedented building boom. Few cities pack as many souls into as small a space; Manhattan is America’s densest county by a considerable margin. New York’s famous skyscrapers seemingly multiply by the month. Who’s making sure millions of New Yorkers move rapidly and safely through the city’s vertical cathedrals?
Companies like Start Elevator do. And, like the city that demands its services, Start Elevator is growing briskly. Founded in the early 1990s as a small family outfit, the company pioneered “bootstrapping” before bootstrapping was even a thing. After years of steadily growing its revenues and client roster, Start is now a $22 million-a-year company with enough employees to fill a Manhattan penthouse to capacity. It operates across the Tri-State Area, serving clients in New Jersey and Connecticut with the same dedication as those in its historic New York City homeland.
It’s worth remembering that the Tri-State of the early 1990s was a very different place than the Tri-State of the mid-2010s. Crime was near an all-time high, with more than 2,000 murders per year in New York City alone. The economy limped along, hampered by successive crises and capital flight to less costly parts of the United States. And population growth stagnated as longtime residents followed the money (and sun) to greener, warmer pastures.
Those days are now distant memories. The region’s population and economy are booming, outpacing Sun Belt regions that once sucked money and talent out of the Northeast. Crime is way down, to levels not seen since shortly after World War II. And a more favorable regulatory regime makes it easier than ever to start and grow a business.
Perhaps that’s why Start Elevator recently took an ambitious step toward greater growth by purchasing Al-An Elevator, a family firm with nearly four decades of experience in New York City and surrounding areas. The Al-An acquisition allows Start to grow its client roster and expand its team without sacrificing the values that helped the company grow in the first place. And with things looking brighter for New York City, there’s sure to be lots of work in the years ahead.
Onward and Upward for Start Elevator
The final chapter of Start Elevator’s story has yet to be written. But just as the company’s founder never dreamed his passion project would one day extend its reach across three states and earn millions of dollars in annual revenues, it would be foolhardy to predict what’s in store for Start’s future. Only one thing is for sure: Start Elevator’s growth is proof positive that, at least in New York City, anything is possible.