August 15, 2024

Montgomery County Leads the State on the 2024 Inc. 5000 List 

For Immediate Release

August 15, 2024

Contact: 
communications@thinkmoco.com

Montgomery County, Md. – 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 the state of Maryland. Companies on this prestigious annual list are ranked according to overall percentage revenue growth from 2020 through 2023.

The Montgomery County companies include a cross-section of industries—56% of which are technology companies—and account for 35% 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%. Rockville’s Chaberton Energy was the second highest at No.34, with an annual revenue growth of just under 7,300%.

Maryland has 116 total companies on the 2024 Inc. 5000, with a total impact of 8,286 jobs added; 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,” says 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.

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ABOUT MONTGOMERY COUNTY ECONOMIC DEVELOPMENT CORPORATION (MCEDC)
Montgomery County Economic Development Corporation (MCEDC) is the official public-private economic development organization representing Montgomery County, Maryland, and is funded by the Montgomery County Government. Created in 2015, MCEDC is led by a Board of Directors of business executives. Its mission is to accelerate business development, attraction, retention and expansion in key industry sectors while advancing equitable and inclusive economic growth.