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 more 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.
As the Virginia Chamber marked its 25th year of celebrating the Commonwealth’s 50 fastest-growing companies, this was the first year that Virginia’s Fantastic 50 award winners were not recognized with an in-person event. Due to the coronavirus pandemic, this year’s Fantastic 50 awards banquet, which had been scheduled for April 30, was canceled. However, in cooperation with the chamber, Virginia Business magazine continued to publish the annual list of the award-winning Fantastic 50 companies.
To be eligible for the Virginia 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). The professional services firm Dixon Hughes Goodman verified all award entries.
“Especially now, 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:
|1. B3 Group||Herndon|
|2. Alpha Omega Integration||Tysons|
|7. The Author Incubator||McLean|
|8. Axiologic Solutions||Fairfax|
|9. Spatial Front||Tysons|
|13. World Services||Alexandria area|
|18. Criterion Systems||Tysons|
|24. Artemis Consulting||Tysons|
|29. DayBlink Consulting||Tysons|
|30. Valida Tek||Tysons|
|32. Karsun Solutions||Herndon|
|33. Customer Value Partners||Fairfax|
|34. Fiduciary Wealth Management||Alexandria area|
|42. Exterior Medics||Springfield|
In addition to placing in the Fantastic 50, B3 Group and Alpha Omega Integration were recognized as Vanguard winners in this year’s list, with B3 Group recognized for highest overall growth and Alpha Omega Integration recognized in the service and technology category.
2020 Fantastic 50 winners in other NOVA EDA jurisdictions:
|3. FedWriters||City of Fairfax|
|4. DysTech||City of Fairfax|
|15. ACT 1||Arlington|
|16. Seventh Sense Consulting||Woodbridge|
|17. Firebird Analytical Solutions and Technologies||Arlington|
|21. Metis Solutions||Arlington|
|22. Highlight Technologies||City of Fairfax|
|28. Single Point Global||Ashburn|
|37. Enterprise Knowledge||Arlington|
|38. FedBiz IT Solutions||Leesburg|
|41. Open Systems Technologies Corp.||Gainesville|
|44. MidAtlantic Contracting Inc. of Virginia||Woodbridge|
|45. Contract Solutions||Manassas|
The Fantastic 50 award program is presented by the Virginia Chamber of Commerce and sponsored by Cox Communications, Hunton Andrews Kurth, Dixon Hughes Goodman, J.P. Morgan Chase, Amazon, the Westfields Marriott, SunTrust Bank (now Truist), Virginia Business Magazine, In Your Ear Studios, and the FCEDA.
Business growth and innovation help Fairfax County fund the nation’s top-rated school system and other public services that contribute to the quality of life of residents. Fairfax County offers businesses a state-of-the-art infrastructure, access to global markets through Washington Dulles International Airport, a vibrant investment capital community and a highly skilled, well-educated workforce.
The Fairfax County Economic Development Authority promotes Fairfax County as a business and technology center. The FCEDA offers site location and business development assistance, and connections with county and state government agencies, to help companies locate and expand in Fairfax County. 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 are the 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.
May 6, 2020