Greater Washington’s presence in the Inc. 500 drops dramatically
August 14, 2020
The number of Greater Washington companies at the top of the Inc. 5000 fastest-growing companies fell precipitously in 2020, reversing a trend of growth from the previous few years’ lists.
Only 29 companies in Greater Washington made the top 500 of this year’s Inc. 5000 — and none of them were based in D.C. proper.
The regional tally of that top echelon of fast growers is the lowest in at least four years. For 2019, 52 local companies made the top 500, and that number was 46 companies in 2018, 35 in 2017 and 36 in 2016.
The total number of D.C.-area companies on the overall Inc. 5000 list held largely steady, though; 312 local companies are on the list, compared with 310 on the 2019 list. After making some gains on last year’s list, suburban Maryland fell behind, notching just six companies in the top 500. One of them, North Bethesda’s mPower, was Greater Washington’s second-highest ranked company on the list at No. 127.
After making some gains on last year’s list, suburban Maryland fell behind, notching just six companies in the top 500. One of them, North Bethesda’s mPower, was Greater Washington’s second-highest ranked company on the list at No. 127.
The highest-ranking company in Greater Washington was Gravy Analytics, a Sterling mobile data platform company that came in at No. 93 and saw 3,623% growth. CEO and founder Jeff White told the Washington Business Journal in January that he thought Gravy had “the DNA to build a billion-dollar company.”
