For immediate release:
January 20, 2016

Contact:
Hannah Marr hannah.marr@maryland.gov
Shareese Churchill shareese.churchill@maryland.gov
410-974-2316

Governor Larry Hogan Recognizes Maryland’s Inc. 500/5000

106 Maryland Companies Among Fastest-Growing Private Companies in the U.S.

ANNAPOLIS, MD – Governor Larry Hogan joined local business leaders and entrepreneurs to recognize the 106 Maryland companies named to the 2015 Inc. magazine’s list of the 500 and 5000 fastest-growing private companies in the United States. Groove, a Baltimore-based creative digital agency, hosted the event and is ranked #2030 on the list with a three-year growth rate of 194 percent.

“We are thrilled to congratulate, and celebrate with, the more than 100 Maryland-based companies that made these very prestigious lists,” said Governor Hogan. “Maryland is a hub and a mecca for entrepreneurs and startups, and the success of these companies serves as another shining example that our state is indeed, open for business.”

“We wanted to celebrate the achievements of the fastest growing companies in the country, headquartered in our own backyard,” said Ethan Giffin, Groove CEO. “The number of companies recognized on the list speaks volumes to the entrepreneurial spirit of our state. It’s an honor to be among them.”

The Maryland companies topping the Inc. 500 list are Rockville-based Greensmith Energy Management Systems, which was the highest-ranked Maryland company at #107 and recorded more than 3,200 percent growth over three years; Edifice Solutions, a government services firm based in Beltsville, at #214; Oxford Government Consulting, a technology consulting firm in North Beach, at #221; A Square Group, an IT services firm in Rockville, at #340; and CG Phones, a wholesale mobile phone reseller in Pikesville, at #477.

The Inc. 500 list was started in 1982 as a ranking of the 500 fastest-growing private companies in the nation and later expanded the list to include the country’s top 5000 fastest-growing private companies. According to the 2015 survey, energy is the fastest growing industry in the U.S. with a 255 percent growth rate, followed by media, advertising and marketing, financial services and software.