2 Towson Companies Make Fastest-Growing List Of 2020: Inc.

Baltimore MD

17 August, 2020

8:00 AM

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TOWSON, MD — Inc. this week announced its 2020 list of fastest-growing privately-held companies in the United States. The annual list offers a look into 5,000 of the most successful small businesses led by some of the country's most inspiring entrepreneurs. Two Towson companies were recognized on this year's Inc. 5000. Well-known honorees on previous Inc. 5000 lists include Intuit, Zappos, Under Armour, Microsoft and Patagonia. Companies on this year's list achieved average growth of 500 percent over three years. Combined, companies earned about $209 billion in revenue in 2019, accounting for more than 1 million jobs over the past three years. "The companies on this year's Inc. 5000 come from nearly every realm of business," Inc. editor-in-chief Scott Omelianuk said in a news release. "From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism." Here are the companies on this year's list headquartered in Towson: Confidio 502 Washington Avenue, TowsonIndustry: HealthThree-year growth: 1,014 percent Ranking: 452 Motifworks 222 Courthouse Court, TowsonIndustry: SoftwareThree-year growth: 296 percentRanking: 1,491 See the full 2020 Inc. 5000 list. The top 500 companies will also be featured in the September issue of Inc., available on newsstands Aug. 18. The annual Inc. 5000 event honoring the companies on the list will be held virtually Oct. 23-27. — By Megan VerHelst and Elizabeth Janney