Fairfax County and Northern Virginia companies dominate Virginia Chamber’s “Fantastic 50” list of fast-growing firms

Eighteen Fairfax County companies made the new Virginia Chamber of Commerce rankings of the 50 fastest-growing companies in Virginia. In addition, 18 firms from jurisdictions in the Northern Virginia Economic Development Alliance are on the “Fantastic 50” list, meaning nearly three-quarters of the ranked businesses hail from Northern Virginia.

Five of the top 10 companies in this year’s list are based in Fairfax County, including top-ranked B3 Group, a service-disabled veteran-owned small business that specializes in health IT and management consulting. The 18 Fairfax County companies employ more than 2,800 people and account for 40 percent of all jobs in Virginia’s fastest-growing companies.

To be eligible for the Fantastic 50, a company must be privately held with headquarters in Virginia, showed revenues between $200,000 and $200 million, and demonstrated positive revenue growth and positive net income in its most recent fiscal year over the previous year. Companies were judged on four-year revenue history (2015-2018).

“Especially as we help businesses survive, recover and respond to the COVID-19 pandemic, it is important to recognize and celebrate business success and congratulate business leaders who have been building firms positioned to weather difficult times,” said Victor Hoskins, president and CEO of the Fairfax County Economic Development Authority (FCEDA). “I am also proud to recognize how many of the state’s fastest-growing firms are based in Fairfax County and Northern Virginia, another indication of the entrepreneurial spirit here and the importance of our regional business community to the economic success of the entire state.”

Here are the Fairfax County companies on the 2020 Fantastic 50 list:

The Fairfax County Economic Development Authority promotes Fairfax County as a business and technology center. In addition to its headquarters in Tysons, Fairfax County’s largest business district, the FCEDA maintains business investment offices in six important global business centers: Bangalore/Mumbai, Berlin, London, Los Angeles, Seoul and Tel Aviv. Follow the FCEDA on Facebook, Instagram, LinkedIn, Twitter and YouTube.

The FCEDA is a member of the Northern Virginia Economic Development Alliance, which promotes and markets Northern Virginia outside the region and conducts activities and events to build the regional business community. Other members of NOVA EDA: Alexandria Economic Development Partnership, Arlington County, City of Fairfax, City of Falls Church, Fauquier County, Loudoun County, City of Manassas, City of Manassas Park and the Prince William County Department of Economic Development.

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