August 21, 2024

County Leads Maryland on 2024 ‘Inc. 5000’ List of Fastest-Growing Private Companies

County Leads Maryland on 2024 ‘Inc. 5000’ List of Fastest-Growing Private Companies

Montgomery County has 39 companies on this year’s Inc. 5000 list of the fastest-growing private companies in America—the most of any jurisdiction in Maryland. Companies on the prestigious annual list are ranked according to overall percentage revenue growth from 2020 through 2023.

The Montgomery companies include a cross-section of industries, with 56 percent representing technology companies. They account for 35 percent of Maryland's total representation.

The highest-ranking company in the region is Rockville’s Autosled Inc., which debuted at No.12 in the nation based on its average annual revenue growth of 14,001 percent. Rockville’s Chaberton Energy was the second-highest at No.34, with an annual revenue growth of just under 7,300 percent.

Maryland has 116 companies on the 2024 Inc. 5000, with a total impact of 8,286 jobs added. Of these companies, 76 have appeared on the list previously and 11 are new additions.

“The Montgomery County companies on this year’s Inc. 5000 are a testament to the innovation and entrepreneurship that occurs in our County every day,” said Bill Tompkins, president and CEO of the Montgomery County Economic Development Corporation. “Their success shines a spotlight on our County’s established business infrastructure, highly educated and diverse workforce and the resources we have readily available for businesses to thrive. We celebrate these 39 companies that are making significant economic contributions to our County and look forward to their continued growth.”

A complete list of Montgomery County companies is posted here.