Companies on the 2023 Inc. 5000 Regionals: Mid-Atlantic list had an average growth rate of 149 percent
NORTHERN VIRGINIA, March 2023 – Inc. Magazine revealed that TIME Systems is No. 100 on its fourth annual Inc. 5000 Regionals: Mid-Atlantic list, the most prestigious ranking of the fastest-growing Mid-Atlantic private companies, based in the District of Columbia, Delaware, Maryland, North Carolina, Virginia, and West Virginia. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Mid-Atlantic economy’s most dynamic segment – its independent small businesses.
“This year’s Inc. 5000 Regional winners represent one of the most exceptional and exciting lists of America’s off-the-charts growth companies. They’re disrupters and job creators, and all delivered an outsize impact on the economy. Remember their names and follow their lead. These are the companies you’ll be hearing about for years to come,” said Scott Omelianuk, editor-in-chief of Inc. Magazine.
The companies on this list show a remarkable rate of growth across all industries in the Mid-Atlantic region. Between 2019 and 2021, these 142 private companies had an average growth rate of 149 percent and, in 2021 alone, they added 14,439 jobs and $3.9 billion to the Mid-Atlantic region’s economy. Companies based in the Richmond, Virginia and the Washington, D.C. areas had the highest growth rates of all.
Complete results of the Inc. 5000 Regionals: Mid-Atlantic, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at inc.com/mid-atlantic.
TIME Systems, LLC is owned by husband-and-wife team Lonnie Bellamy, Jr., President/CEO, and Rachel Bellamy, Executive Vice President. Both are fourth generation veterans and share a long legacy of service and leadership.
“TIME Systems is honored to be on this dynamic collection of companies once again. We recognize that our continued growth is possible because of our team and their innovative efforts. Our dedication to our motto, ‘IN SERVICE ALWAYS,’ drives our commitment not only to the industry, but to our community and our team,” says Executive Vice President, Rachel Bellamy. “Service to others is and always will be a cornerstone of our company and our mission.”
About TIME Systems, LLC
Launched in 2005 with a vision of dominating in Technology, Innovation, Management, and Engineering, TIME Systems is committed to providing high-quality solutions and support services to a diverse clientele. Headquartered in Northern Virginia, we possess expertise in the fields of information technology, systems engineering, and management consulting, while specializing in cybersecurity, software development, and help desk support. TIME Systems is a Nunn-Perry Award-winning SBA 8(a) and SDVOSB company, and we maintain a number of certifications, including Capability Maturity Modeling Integration (CMMI) Maturity Level 3 for Services and Development, and ISO 9001:2015.
We deliver People, Leadership, and Results without the Risk.
More about Inc. and the Inc. 5000 Regionals
The 2023 Inc. 5000 Regionals are ranked according to percentage revenue growth when comparing 2019 and 2021. To qualify, companies must have been founded and generating revenue by March 31, 2019. They had to be U.S.-based, privately held, for-profit, and independent – not subsidiaries or divisions of other companies – as of December 31, 2021. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2021 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers and the credibility that helps them drive sales and recruit talent.
The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.