Hoffman Management & Construction Corp.
Sabre88, LLC

100 Fastest-Growing Inner City Businesses

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Methodology

The Initiative for a Competitive Inner City (ICIC), founded by Harvard Business School Professor Michael E. Porter in 1994, defines inner cities as core urban areas with higher unemployment and poverty rates and lower median incomes than their surrounding metropolitan statistical areas. Every year, ICIC identifies, ranks, andspotlights the 100 fastest-growing businesses located in America’s inner cities. In 2015, companies were ranked by revenue growth over the five-year period between 2010 and 2014.

ICIC relies on a national network of nominating partners, including city offices, economic development organizations, and small business development corporations, to find many of the businesses that appear on this list. Key partners in 2015 were Staples, Chevron, City of Oakland, Detroit Economic Growth Corporation,JumpStart, and World Business Chicago. This list was audited by the independent accounting firm Rucci, Bardaro, and Falzone, PC.

From a Philadelphia glass blowing outfit, to an Oakland-based 3D printing shop, and a high-end Brooklyn chocolatier, America's urban core is filled with a wildly diverse array of fast-growing businesses. Here are this year's 100 fastest-growing inner city companies, as ranked by the Initiative for a Competitive Inner City.

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15.

Team Henry Enterprises

A native Newport News resident, Devon Henry knows the value in supporting small and disadvantaged businesses. Team Henry, which provides construction management, environmental, marine, and emergency response services, created a Disadvantaged Business Enterprise consortium—a collection of 30 different small disadvantaged businesses—to collaborate on a big FAA contract. In addition to being a registered DBE, the company is also a Small Business Administration certified 8(a) participant and is located in a HUBZone—all of which open funding opportunities. Henry has also created an endowment at Norfolk State University with a focus on science, technology, engineering, and mathematics (STEM) education.

Company Information

Five-Year Growth Rate (%) 647%
2014 Revenue $20.71 million
HQ Location Newport News, VA
Company Owner Devon Henry
Owner Title President & CEO

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