DUBOIS makes the ICIC Inner City 100 List for 2018
The Initiative for Competitive Inner City (ICIC) announced that Kansas City’s DuBois Consultants, Inc. has made the 2018 Inner City 100 list of fastest-growing inner city businesses in America, based on revenue growth. This is the first time DuBois has earned this award.
Said DuBois CEO Ajamu Webster, PE, “The opportunity to meet with the leaders from the fastest growing inner city businesses in the country was eye opening! I got a chance to see what success strategies they employed to improve their financial performance, and I learned things we can do to elevate our own success”.
The list was revealed at the 20th Annual Inner City 100 Conference and Awards in Boston October 1-2. CEOs from the winning companies were invited to the Inner City 100 Conference and Awards for two days of networking opportunities and educational sessions led by Fortune 500 executives and academics from top-tier universities, including Harvard Business School.
Since its inception, ICIC's list has recognized 975 companies, which have seen average growth rates of more than 400 percent during a five-year period and have collectively created more than 126,000 meaningful jobs in America's distressed and underserved communities and neighborhoods. The Inner City 100 program opens doors for other budding urban entrepreneurs and stimulates inner-city business development and job creation through recognition, networking, and learning.
The Initiative for a Competitive Inner City (ICIC) 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 awards the 100 fastest growing businesses located in America's inner cities. In 2018, companies were ranked by revenue growth over the five-year period between 2013 and 2017.
2018 Inner City 100 by the numbers:
Average growth rate of 436 percent between 2013 and 2017
Represent 46 cities in 23 states
Employed 10,085 individuals in 2017
Created 5,516 new jobs in the last five years
On average, 36 percent of employees live in same neighborhood as the company.
Average company age is 15 years
Average 2016 revenue is $14.8 million
31 percent are women-led
38 percent are minority-led
Represent 26 industries
Initiative for a Competitive Inner City (ICIC)
ICIC is a national nonprofit founded by Harvard Business School professor Michael E. Porter. ICIC's mission is to promote economic prosperity in America's inner cities through private sector investment that leads to jobs, income and wealth creation for local residents. Through its research on inner city economies, ICIC provides businesses, governments and investors with the most comprehensive and actionable information in the field about urban market opportunities. The organization supports urban businesses through the Inner City 100, Inner City Capital Connections, Goldman Sachs 10,000 Small Businesses program, and Santander Bank's Cultivate Small Business program.
Learn more at http://www.icic.org or @icicorg.