Fastest-growing local company is ...

Happy Friday, LinkedIn community. It was nice meeting many of you at our Fastest Growing Companies event yesterday.

We've published our annual list of the fastest-growing companies in the Sacramento area, based on percentage of revenue growth between 2021 and 2023.

Our top company, Sacramento Insulation Inc., achieved three-year growth of more than 900%.

Here's our full list of fastest-growing companies for 2024. Congratulations to all the honorees, and cheers to my colleague Mengyuan Dong for compiling this popular list.

Don't miss these other local business headlines, either.

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Macy's considers closing Downtown Commons store

After decades of operation in Downtown Sacramento, Macy's Inc. is considering closing its store near Golden 1 Center.

The New York City-based retail giant announced in February that it would be closing 150 "underproductive locations" by the end of 2026.

The store at 414 K St. in Sacramento's Downtown Commons is one of the sites being considered for closure, according to a source at Macy's.

Learn more in this scoop from reporter Jacob Abbott .

Amazon Fresh sets opening date for first local grocery store

Amazon?Fresh is set to open its first Northern California grocery store later this month in Roseville.

Amazon first announced plans to?bring its grocery store concept to the Sacramento market?in early 2022. Those plans stalled last year after the company froze its grocery store expansion to?tinker with the format.

Amazon confirmed the Roseville location is set to open on Aug. 22. It will fill an approximately 42,000-square-foot space at 6780 Stanford Ranch Road, which was previously occupied by a Toys R Us store. Read more

Speaking of grocery news ...

Sacramento area-based grocers have lost market share over the last few years, largely edged out by one retail giant whose grocery division makes up only a portion of its business.

In 2023, local consumers spent nearly $8.7 billion on groceries throughout the region’s 354 stores, according to data collected by Chain Store Guide , a Florida-based research firm that tracks retail and food service intelligence. The local data accounts for grocery stores in Sacramento, Yolo, El Dorado and Placer counties. Read more

ADU builder suspends operations amid wave of complaints

Amid complaints of unfinished and unpaid work, Fair Oaks-based Anchored Tiny Homes appears to have stopped operations, at least temporarily.

In a message to employees on July 31, the company that's specialized in building accessory dwelling units stated it wouldn't be paying employees for the last two weeks of July, and wouldn't continue working on projects while the company worked to find new investors.

"We've been having some issues and we're trying to get these homes built," said company co-founder Austin Paulhus last week, the same day the company made the announcement, which was shared online and with the Business Journal. "In the last nine to 12 months, we've seen significant growth, and we've been trying diligently to support that growth, and it didn't work out." Read more

Latest on Lot X in Sacramento

The last time Southern Land Co. gave an update for a planned high-rise residential project in Downtown Sacramento, construction was expected to get underway this year.

Instead, with the city recently moving the project application to "waiting" status, it appears the project is, at best, not happening anytime soon.

According to city spokeswoman Kelli Trapani, processing entitlements for the project at what's also known as Lot X went on hold in late July when the city hadn't received any new plans in two years. Read more

Three notable restaurant closures

More Sacramento-area eateries are saying goodbye. Here's what you need to know about the latest closures.

First: Rocker Oysterfeller's at 564 Main St. in downtown Placerville permanently closed on Monday. Rocker Oysterfeller's filled a spot with a long history in Placerville. For decades, the space operated as Tortilla Flats. Read more

Also: J. Wild's barbecue restaurant is permanently closing in Historic Folsom. The eatery's replacement might already be in the works. Read more

Also: Zest Kitchen is planning to permanently close its doors in Rocklin soon, a decision that appears to have been out of the owner's control. Read more

Thanks for reading our Weekly Edition, which was compiled by Managing Editor Sonya Sorich. Send feedback and news tips to [email protected].