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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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97.

Fresh Pond Physical Therapy

As a physical therapist, Liza Tan has learned how impactful prevention and early treatment of injuries can be. These impacts are often even more profound in low-income neighborhoods, where many residents are dealing with chronic health issues. Tan’s practice, Fresh Pond Physical Therapy, has worked to educate low-income patients on the importance of being seen quickly to prevent delaying crucial treatments. Teaching the patients how to manage their symptoms while learning how to best utilize their bodies to prevent future injury is the company’s core value shared with the patients. Tan realizes that by helping patients get back to work quickly, she is helping to boost the neighborhood’s economy.

Company Information

Five-Year Growth Rate (%) 113%
2015 Revenues ($M) $2.13
HQ Location Ridgewood, NY
Business Leader(s) Liza Tan
Title DPT CEO

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