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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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78.

Frankonia Fine Wines (Uncorked)

For Uncorked President and Partner Nick Selby, the way in which his company operates reflects the spirit of Louisiana and their home city of New Orleans. Selby’s mother founded the company shortly before the city was ravaged by Hurricane Katrina in 2005, and Uncorked has survived and thrived thanks to durable relationships with the restaurants, supermarkets, and liquor stores that form their primary customer base. Following Katrina, they brought on a new partner, David Kenney, who has been instrumental in their growth and success. Together they have seen their city rebuild and cultivate an increasingly business-friendly atmosphere post-Katrina. His mother secured one of the first SBA loans in the state following the hurricane. Selby and Kenney have worked to expand Uncorked’s customer base to include major retailers and “Big Box” stores like Costco.

Company Information

Five-Year Growth Rate (%) 159%
2015 Revenues ($M) $6.41
HQ Location New Orleans, LA
Business Leader(s) Nicholas Selby and David Kenney
Title President (Selby); Vice President and Partner (Kenney)

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