4 of 6
BACKNEXT
Cash to hire locally

G5 Search Marketing
Bend, Ore.

G5 Search Marketing is an online marketing and advertising company focused on the local search space. Its clients span a variety of industries, like self-storage, assisted living, health care, and real estate -- any industry where people search for something that is geographically specific.

The company was started five years ago and is growing at a torrid pace, doubling its revenue every year since its inception, says CEO Dan Hobin, 41. Sales in 2008 hit $3.4 million, and G5 now has 53 employees.

On average, the company brings on two new staffers every month -- and every time G5 hires, it incurs training costs of around $8,000 per month. Hobin went looking for a way to defray those expenses. He found an employee training grant from the Central Oregon Intergovernmental Council (COIC) that would help. It was open to companies that drew most of their revenue from outside the Central Oregon area, but hired locally. In December, the COIC awarded $36,000 to G5. That amounted to $1,500 per person to offset training costs for 24 new hires.

"We're a fast-growing small company in a competitive space, and this grant allows us to hire a bit faster, because we have more cash to work with," Hobin says. "The faster we get good people hired and trained, the better we are able to compete."

NEXT: Saving man's best friend

Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
LAST UPDATE: Oct 28 2009 | 11:29 AM ET
More Galleries
8 must-have travel apps Whether you've got wanderlust or an airline grievance, here are some apps to pack onto your phone. More
Secrets to success from Smalltown USA Utah State professor Michael Glauser cycled 4,000 miles this summer, visiting 100 entrepreneurs across the country. Here's a snapshot of how they grew their businesses. More
Commuting is getting easier. Here's why The MobiPrize, conducted by SMART at the University of Michigan, recognizes innovation in global transportation. From microcars to auto rickshaws, these six startups are some of the standouts. More

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.