Aerial Development Group
Gadberry Construction

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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4.

MeritHall

Courtesy of MeritHall

Five years ago, two University of Michigan graduates Alex Riley and Paul Kaser set out on a mission to connect contractors to general and skilled construction labor. Determined to be a part of Detroit’s revitalization, Riley and Kaser secured office space downtown and began a rapid growth spurt. In four short years, MeritHall matured into a regional player and was recognized as the fastest growing company in Michigan. Today, the company has expanded into landscaping, facility maintenance, and commercial driving staffing, as well as a brokerage of industry-specific raw materials and management consulting. MeritHall has been both a front-row witness to and a participant in the urban revitalization that is reshaping the Motor City.

Company Information

Five-Year Growth Rate (%) 2045%
2015 Revenues ($M) $5.00
HQ Location Detroit, MI
Business Leader(s) Alex Riley
Title CEO

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