Six Maryland companies made it onto Black Enterprise’s list of the nation’s 100 largest black-owned businesses, and one of the six made the top 10.
The rankings were based on each company’s revenue, but also included information on the number of staff.
Maryland’s top grossing black business was Radio One Inc., which brought in $448.7 million last year. It happens to have the same CEO as Maryland’s third largest African American-owned business, TV One LLC.
|2014 Rank||2013 Rank||Company||Location||CEO||Staff||Type of Business||2013 Revenue (in millions)|
|9||11||Radio One Inc.*||Silver Spring, MD||Alfred C. Liggins III||1,072||Radio broadcasting||$448.7|
|21||49||Adams Communication & Engineering Technology Inc.||Waldorf, MD||Charles M. Adams||450||IT and security system services||$161.0|
|22||23||TV One LLC||Silver Spring, MD||Alfred C. Liggins III||107||Cable television||$149.5|
|23||21||Health Resources Inc.||Owings Mills, MD||David L. Dalton||72||Pharmaceutical products/services||$146.2|
|33||41||K. Neal International Trucks Inc.||Hyattsville, MD||Stephen W. Neal||90||Commercial truck dealership||$106.7|
|73||64||Systems Application and Technologies Inc. (SA-TECH)||Largo, MD||Timothy J. Adams||300||Engineering and technology services, facilities management, logistics||$39.0|
Adams Communication, Radio One and K. Neal International were also recognized as being growth leaders for landing within the top ten companies for revenue growth from 2012 to 2013. Adams’ revenue grew by 168 percent, Radio one by 53 percent, and K. Neal by 38 percent.
In order to be considered for the BE 100s list, companies must be at least 51 percent owned by African Americans.