Inc. 5000 names Maryland’s fastest growing companies in 2016

Maryland is home to more than 100 of the fastest-growing companies in the country, according to the Inc. list released today.

The Inc. 5000 rankings names what the magazine calls the “superheroes of the U.S. economy.” In total, 119 Maryland companies made the 5000 list with nine Maryland companies ranking among the top 500.

“I am proud to recognize the tremendous achievements of the 119 Maryland companies that made the prestigious Inc. 500 and 5000 list in 2016,” said Governor Hogan. “Many of the companies named to the list are young and emerging companies, underscoring the outstanding resources and supportive business climate that Maryland offers entrepreneurs and start-up companies.”

Furniture Solutions Group leads the Maryland companies, ranking 24th with more than 7,800 percent growth over the last three years. The Annapolis-based business purchases and provides movable furniture, fixtures, and equipment for hospitality clients and long-term care providers across the country.

Other companies included in the Inc. 5000 are veteran-owned cyber firm VOR Technology (296) and IT sales company RainKing Software (2826). In the past year, both companies received funding from the Maryland Department of Commerce and announced major expansions in the state.

Maryland also helps lead the country’s women-owned business growth, ranking second with 24 percent. The national average for states – with more than 100 companies in the ranking – was only 14 percent for female-owned companies.

Top Fastest Growing Companies in Maryland 2016
Rank	Company	Industry	Growth	County
24	Furniture Solutions Group	Business Products & Services	7800%	Anne Arundel
35	n2grate	Government Services	6402%	Prince George’s
126	NORTHSTARGROUP	IT Services	2744%	Montgomery
228	CallTrackingMetrics	Software	1742%	Anne Arundel
246	B&D Consulting	IT Services	1598%	Washington
296	VOR Technology	Government Services	1321%	Howard
309	Panthera Technologies	IT Services	1270%	Baltimore
342	Edifice Solutions	Government Services	1121%	Prince George’s
380	Green Generation Solutions	Engineering	1008%	Montgomery
533	BarnAllen Technologies	IT Services	723%	Montgomery
633	WaveStrike	Government Services	611%	Anne Arundel
650	Arch Systems	Government Services	601%	Baltimore City
721	DATUM	IT Services	545%	Anne Arundel
828	SocialToaster	Advertising & Marketing	480%	Baltimore City
846	Enlighten IT Consulting	Government Services	468%	Anne Arundel
904	ArcSource Group	IT Services	443%	Howard
925	STRATUS Solutions	IT Services	431%	Howard
946	Verasolve	Advertising & Marketing	419%	Montgomery
993	Design to Delivery	Government Services	403%	Montgomery

 

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.

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from https://mdbiznews.commerce.maryland.gov/2016/08/inc-5000-names-marylands-fastest-growing-companies-2016/