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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, 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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26.

Durante Rentals

Courtesy of Durante Rentals

A lawyer by training, John Durante originally launched Durante Rentals with his cousin as a side project during the 2008 recession, but it took off so rapidly that within months, he had left his law practice to focus totally on the rental business. By building strong relationships with suppliers, devising creative financing solutions, and maintaining a close-knit team, Durante was able to weather the recession and emerge as one of the fastest-growing businesses in the tri-state area. It supplies equipment to contractors as well as the sports stadiums, museums and art galleries of New York City. With seven locations in the metro New York area, Durante Rentals is able to access a highly motivated, ambitious, young workforce. The majority of Durante’s 85 employees started with no industry experience, many rising through the ranks into leadership positions thanks to mentoring and guidance from colleagues.

Company Information

Five-Year Growth Rate (%) 386%
2015 Revenues ($M) $15.93
HQ Location The Bronx, NY
Business Leader(s) John Durante
Title President

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