Virginia ranks fifth in the U.S. in number of Inc. companies

Published August 18, 2017 by Robert Powell, III

Two hundred ninety Virginia companies made the Inc. 5000 list of the nation’s fastest-growing companies.

The Old Dominion ranked fifth among the states in terms of the number of companies on the annual list compiled by Inc. magazine.

Washington, D.C., ranked behind only New York among the top metro areas with Inc. companies.

The highest-ranking Virginia company was DGC International, a Vienna-based government services provider. It recorded a three-year revenue growth rate of 10,999.16 percent. Its  2016 revenue was $32.9 million.

All but one Virginia company in the list’s top 100 companies were government services providers. The exception was No. 46 ByteCubed, which is an Arlington-based IT services firm with a growth rate of 6,468.64 percent and revenue of $31.7 million last year.

The other Virginia companies in the top 100 are:

• 29. TechAnax, Woodbridge, 9,118.93 percent, $15.1 million.
• 36. Interactive Government Holdings, Springfield, 7,024.19 percent, $15.3 million.
• 38. Enhanced Veterans Solutions, Fairfax, 6,866.12 percent, $8.7 million.
• 50. FedBiz IT solutions, Leesburg, 6,142.08 percent, $32.6 million.
• 64. Associated Veterans, Arlington, 5,333.57 percent, $7.8 million.

California led the list of states with the most high-growth companies with 670.

It was followed by Texas, 425; Florida, 368; New York, 307; Virginia, 290; Illinois, 239; Georgia, 233; Pennsylvania, 185; and Ohio, 171.

Among the metro areas, New York led with 355 companies, followed by Washington, D.C., 324; Los Angeles, 296; Chicago, 226; and Atlanta, 223.