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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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  2. Five-Year Growth Rate (%)
  3. 2015 Revenues ($M)
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69.

Networking for Future

Courtesy of Networking for Future

Majid Saadat founded Networking for Future based on relentless adherence to excellence, pivoting on creating a team of highly trained and experienced staff. The goal was to design and implement enterprise systems riding on the “networks of the future.” A couple of years later, Hess Fatemi came on board, focusing on creating a highly motivated and successful consultative sales team. Together, they expanded Networking for Future’s industry partnerships, technical capabilities, and client reach, which resulted in implementing numerous mission critical IT systems. The company works primarily with state and local governments, education, utilities, and commercial enterprises.

Company Information

Five-Year Growth Rate (%) 171%
2015 Revenues ($M) $30.94
HQ Location Washington, D.C.
Business Leader(s) Hess Fatemi and Majid Saadat
Title CEO (Fatemi); President (Saadat)

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