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100 Fastest-Growing Inner City Businesses

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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, and spotlights the 100 fastest-growing businesses located in America’s inner cities. In 2016, Companies were ranked by revenue growth over the five-year period between 2011 and 2015.

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 2016 were Staples, Chevron, JumpStart, Kaiser Permanente, New York City Department of Small Business Services, and World Business Chicago. This list was audited by the independent accounting firm Rucci, Bardaro, and Falzone, PC.

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From a high-tech commercial fishing outlet in Boston to a socially responsible apparel company in Oakland, there’s great variety in the types of businesses thriving in America’s urban centers and creating jobs where they are needed most. Here are this year's 100 fastest-growing inner city companies, as ranked by the Initiative for a Competitive Inner City (ICIC).

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Caduceus Healthcare

Courtesy of Caduceus

Of all the lessons Carlos Lopez learned during his 20 years in the United States Marines, one in particular has stayed with him: always take care of each other. Now the CEO of Caduceus Healthcare, Lopez strives to implement this idea for both employees and customers. A medical staffing firm, Caduceus acts as a “conduit” between workers and potential employers, generally medical facilities operated by the government. Lopez appreciates the chance to connect people with new employment opportunities and to help work through the stereotypes or concerns that prospective employees may have about working in a military hospital or other federal institution. Headquartered in downtown Atlanta, Caduceus is able to draw on a dedicated workforce and regularly recruit interns from Georgia State University.

Company Information

Five-Year Growth Rate (%) 3554%
2015 Revenues ($M) $42.84
HQ Location Atlanta, GA
Business Leader(s) Carlos Lopez
Title Owner and CEO

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