Firebrand Artisan Breads
Bowa Construction

100 Fastest-Growing Inner City Businesses

See our methodology and credits



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 2017, companies were ranked by revenue growth over the five-year period between 2013 and 2017. 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 this year were Staples, Chevron, FedEx, Kaiser Permanente, City of Oakland, Baltimore Development Corporation, Blackstone Entrepreneur’s Network, and Urban League of Louisiana. This list was audited by the independent accounting firm AAFCPAs.

This year's 100 fastest-growing inner city companies, as ranked by the Initiative for a Competitive Inner City.

See our methodology and credits


Sort by:
  1. Rank
  2. Five-Year Growth Rate (%)
  3. 2017 Revenues ($M)
Clear Filters

Filter by

Clear Filters

Clear Filters

View The Full List

Paniagua’s Enterprises Incorporated

This year’s 100 fastest-growing inner city companies, as ranked by the Initiative for a Competitive Inner City.
Courtesy of Paniagua's Enterprises Incorporated

Founded in 1992, Paniagua’s Enterprises Incorporated (PEI) provides communication construction and engineering services to large digital services provides—such as Comcast, Verizon, and AT&T. Their President, CEO, and Founder, Jaime Paniagua, has prioritized quality and invested in giving opportunities to others as the company has grown. Ninety percent of PEI’s employees are inner city workers or minorities, and in employing them and paying them well, Jaime has helped greatly to contribute to the Baltimore community. In the future, Jaime plans to expand his company more throughout Maryland and then potentially grow into other states.

Company Information

Five-Year Growth Rate (%) 1332.63%
2017 Revenues ($M) $12151466.00
HQ Location Baltimore, Maryland
Business Leader(s) Jaime Paniagua
Title President and CEO

Sign In


Thank you for your interest in licensing Fortune content. Please find information on various licensing contacts below and choose the one that best suits your needs:

  • 1. To license Fortune articles, excerpts, or headlines for republication in various media (including books, eBooks, film, web, newsletters, newspapers, magazines and others), please email
  • 2. To license a Fortune cover, order reprint or e-print copies of an article or cover, or license an accolade, please contact PARS International at
  • 3. To license text only photocopies of Fortunearticles as print or digital handouts in academic settings, or in academic coursepacks, please contact the Copyright Clearance Center at