With a population of more than 600 000, Baltimore is number 26 on the top 30 most populated states in the US. But even though their population is not as huge as New York City’s or Los Angeles’ or even Chicago’s, Baltimore is still a breeding ground for hundreds, even thousands of businesses.
There are all types of businesses in Baltimore. Just like any other state, there are normal companies like food and beverage, technology and fashion. But there are also unique businesses like a lacrosse equipment producing company. What makes it so unique is that it’s the biggest lacrosse equipment producing company in the whole country.
Now, looking at the top 10 fastest-growing companies in Baltimore, it is no surprise that 50% of them are IT Company Mtextbox since we now live in the technology era. But it is definitely a surprise knowing that the number 1 is a tech company. Since banks and food and beverage companies are a definite huge seller in the country in general.
But before looking into that number 1 company, let’s take a look at the 4 other IT companies who made it to the top 10:
Edge Hosting. Established in 1998, Edge Hosting focuses on managed hosting like cloud, hybrid, dedicated and clustered. For the past 3 years, they have a constant increased growth rate of more than 100%.
Mindgrub Technology has recently debuted last 2009 but they landed the 8th spot because they’ve made $4 million sales in 2014 alone. This company specializes on mobile apps, social apps and web apps for different types of companies.
SplendTek is a company that’s been on this industry for 7 years now. They offer consulting, software services and outsourcing for the development, deployment, integration and management of business applications from their clients all over the world.
Arch Systems. A company that provides IT services for healthcare providers. They cover staffing, setting up data reviews and other technologically related healthcare processes. They primarily help hospitals but they also help out government offices and public schools.
And now for the number 1 fastest-growing company in Balitmore:
CG Phones. Guess this isn’t much of a surprise since everyone has a phone, sometimes even two or three and everyone is trying to find the best carrier that is out there. But this company is a little bit different though. This company focuses on the smartphone repair industry. Maybe they also figured out that a lot of people get so careless sometimes that they break their phones and they just made a business out of them. What they do is that they buy used, not necessarily broken phones, then they do repairs, recondition it, and basically makes it good as new. They take all types of smartphones except for iPhones. CG Phones have a three-year growth rate of 927% They also made $7.2 million last 2014. This company skyrocketed to success by simply observing and adapting the lifestyle of the people in this technology era.