While Sillicon Alley may dominate much of the conversation around the east coast startup scene, New York City isn't the only city along the eastern seaboard with fast-growing businesses to brag about.
Baltimore is not only home to many companies on this year's Inc. 5000, but it is also one of the most STEM-friendly cities in the country with nearby access to influential university systems like Johns Hopkins. Also, proximity to regulatory agencies like the Food and Drug Administration can be helpful. As a result, many Baltimore-based cities, including the following 10, are experiencing tremendous growth in Charm City.
10. True Citrus
No. 3,936, True Citrus' packs of crystalized citrus, used in drinks, dressings, and marinades have continued to generate big bucks for the 12-year-old company, which landed $15.1 million in sales in 2014. True Citrus has a three-year-growth rate of 75 percent, and is led by CEO Al Soricelli.
9. Edge Hosting
An IT company founded in 1998, No. 3,046 Edge Hosting specializes in providing managed hosting, including cloud, hybrid, dedicated, and cluster hosting. Led by CEO Vlad Friedman, Edge Hosting booked $15.6 million in revenue in 2014, and has a three-year growth rate of 114 percent.
8. Mindgrub Technology
With $4 million in sales in 2014, and a three-year growth rate of 178 percent, custom software creator Mindgrub Technologies holds the No. 2,198 spot on this year's Inc. 5000. Founded in 2009, Mindgrub Technologies is led by CEO Todd Marks.
Recognized as one of the best 40 places to work in advertising by AdAge, No. 2,091 Planit, has a national presence, working with brands like Under Armour and NPR, in addition to local powerhouse organizations like the Greater Baltimore Medical Center. The advertising and PR agency has a three-year growth rate of 188 percent and a 2014 revenue of $17.8 million. Founded in 1994, Planit is led by co-founders Matthew Doud and Ed Callahan.
6. Groove Commerce
Another Baltimore-based advertising and marketing agency, No. 2,030 Groove Commerce, specializes in providing digital services, like Web design and inbound marketing, to small and mid-sized businesses. The 8-year-old, three-time Inc. 5000 honoree, led by CEO Ethan Giffin, has a three-year growth rate of 194 percent and a 2014 revenue of $4.2 million.
5. IVY Services
A provider of custom manufactured promotional products like business cards, brochures, and apparel, No. 1,659 IVY Services has been doing business in Baltimore for more than 10 years. The business products and services company, led by CEO Victoria Young, has a three-year growth rate of 245 percent, and a 2014 revenue of $7.1 million.
4. Audacious Inquiry
Baltimore's highly-regarded hospitals, like Johns Hopkins, and 800 life science companies make it an ideal place to do business for companies like Audacious Inquiry. The 11-year-old company provides health information systems, analytical services and Web application consulting for government, business and nonprofit agencies. With $12.5 million in 2014 revenue and a three-year growth rate of 253 percent, the company led by Christopher Brandt, landed at No. 1,611 on this year's list.
A two-time Inc. 5000 honoree, No. 1,581 SplendTek provides consulting, software services and outsourcing for the development, deployment, integration and management of business applications. The seven-year-old IT company, led by CEO Ravi Kakumani, reeled in $5.9 million in revenue in 2014, and has a three-year growth rate of 257 percent.
2. Arch Systems
No. 994 Arch Systems provides a variety of IT services, including staffing, and health care and data review services primarily to government agencies and public schools. Founded in 2006 and led by CEO Vini Ehsan, Arch Systems had a 2014 revenue of $3.9 million and a three-year growth 442 percent.
1. CG Phones
By tapping into a market estimated to be worth more than $219 billion, smartphone repair company, No. 477 CG Phones, not only landed a spot on the Inc. 5000, but can also claim the title of the fastest-growing company in Baltimore in 2015. Founded in 2011, CG Phones purchases used non-iPhone smartphones and data-wipes, repairs, refurbishes, unlocks, and re-optimizes them. Led by CEO Moises Dejman, the consumer products and services company had a three-year growth rate of 974 percent, and booked $7.2 million in revenue in 2014.