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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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7.

Palmetto Construction Services

Courtesy of Palmetto Construction Services

When asked to describe his company’s culture in one word, Palmetto Construction CEO Casey Cusack doesn’t hesitate: “Respect.” Cusack strives to make Palmetto Construction a company where people want to work, and he says current employees are his most trusted source for new employee referrals. Launched in 2010, when construction was at a low point, the company has quickly become a Central Ohio powerhouse. As development in the region continues to increase, Cusack is optimistic about Palmetto Construction’s future and forecasts “steady, continued growth” into the future.

Company Information

Five-Year Growth Rate (%) 1480%
2015 Revenues ($M) $9.90
HQ Location Columbus, OH
Business Leader(s) Casey Cusack
Title President

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