Business & Tech
Two Towson Companies Make Inc. 5000 List
Towson is home to two of the fastest growing companies in the country, according to Inc. magazine.
TOWSON, MD — Two companies in Towson made the Inc. 5000 list of fastest growing companies in America for 2018. There were a total of 111 businesses in Maryland that made the list, which the business magazine Inc. creates annually.
To find the top 5000 fastest growing companies in America, Inc. measured revenue growth from 2014 to 2017. In all, the Inc. 5000 companies earned $206.2 billion in revenue last year.
Here are the companies from Towson that made the list:
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Maryland Addiction Recovery Center
- Rank: 1708
- Growth: 268 percent
- Industry: Health
- Revenue: $4.7 million
- Founded: 2013
- Location: 8600 Lasalle Road, Towson
Maryland Addiction Recovery Center is designed to help people suffering from substance abuse disorders. It offers detoxification, counseling and various phases of treatment, from residential to outpatient programs.
Motifworks
- Rank: 2670
- Growth: 157 percent
- Industry: Software
- Revenue: $2.8 million
- Founded: 2010
- Location: 222 Courthouse Court, Towson
Motifworks grew out of an incubator at Towson University. In addition to its Towson office, the software development business that creates cloud and mobile solutions for companies has two locations in India.
Find out what's happening in Towsonfor free with the latest updates from Patch.
A handful of other Baltimore County-based businesses made the Inc. 5000 list:
- Growth Solutions in Sparks was No. 269
- Global Energy Services of Timonium was No. 2250
- ProMD Health of Timonium was 2296
- Applied Technology Services in Dundalk was No. 3415
- ConnectYourCare in Hunt Valley was No. 3568
- Strategic Factory in Owings Mills was No. 4059
- CARCHEX in Hunt Valley was No. 4384
- Westminster American Insurance Company in Owings Mills was No. 4497
Topping the INC 5000 was SwanLeap in Madison, Wisconsin. The software company uses automated programs to determine the best way — the fastest and cheapest — for companies to ship products. It grew 75,661 percent in the past three years, earning $99 million in revenue in 2017.
Coming in second was PopSockets out of Boulder, Colorado, which makes cell phone stands and mounts. And the third fastest growing company was Home Chef based in Chicago, Illinois, which delivers ingredients and meal kits.
See the full Inc 5000 list here.
Image of Motifworks building from Google street view.
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