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The Leading Niche

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 2017, Companies were ranked by revenue growth over the five-year period between 2012 and 2016.

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 2017 were Staples, Chevron, FedEx, Kaiser Permanente, City of Oakland, Baltimore Development Corporation, Blackstone Entrepreneur’s Network, Urban League of Louisiana, World Business Chicago, Team JXN, and the Hispanic Chamber of Commerce of Greater Kansas City. This list was audited by the independent accounting firm Rucci, Bardaro, and Falzone, PC.

From an organic candy shop in Oakland, Calif. to a towing company based in Texas, there is a wide swath 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 Healthcare

Of all the lessons Carlos Lopez learned during his 20 years in the U.S. 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 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 recruits interns from Georgia State University. As the company continues to grow and diversify, venturing further into the commercial sector, Lopez and his team will seek to maintain their culture of loyalty and dedication to one another.

Company Information

Five-Year Growth Rate (%) 814.35%
2016 Revenues ($M) $34.09
HQ Location Atlanta
Business Leader(s) Carlos Lopez
Title Owner and CEO

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