ICIC revealed the 100 fastest-growing inner city businesses in America at the 20th annual Inner City 100 Conference and Awards in Boston on October 1st and 2nd. The list, which seeks to celebrate and advance urban entrepreneurship, ranks companies by their growth rate during the previous five years. The 2018 winners employed 10,085 individuals in 2017, with an average of 36% of their employees living in the same neighborhood as the company. They created 5,516 new jobs in the last five years and had average 2017 revenues of $14.8 million.
This year’s 20th anniversary of Inner City 100 offered an opportune occasion to study the companies that made the list from 1999 to 2016 and gain unique insight into their growth. ICIC’s Director of Research, Howard Wial, worked with his team to publish and present Small Business Insights From America’s Inner Cities.
In addition to unveiling the list of winners, ICIC and its partners also presented special awards to companies that made outstanding achievements in providing quality jobs, growth, community impact, and global entrepreneurship.
Alumni Leaders: 2018 Quality Jobs Champions
The Chevron Dorothy A. Terrell Community Impact Award was presented toER2, of Memphis, TN.
The FedEx Champion of Global Entrepreneurship Award was presented to Amerisal Foods, of Van Nuys, CA.
The Marcia Lamb Inner City Innovation Award was presented to Mayor Catherine Pugh of Baltimore.