W EEKLY EDITION OCT 11, 2017
Sarabia's Portable Jons Among the Fastest - Growing Inner City
Busi nesses in America
Submitted by PSAI Member Sarabia's Portable Jons on October 6, 2017
Annual ranking published by the Initiative for a Competitive Inner
City and Fortune recognizes high - growth companies in urban areas
Boasting an average five - year growth rate of 320% between 2012
and 2016, the 2017 Inner City 100 companies represent a wide
range of geography, hailing from 27 states. Collectively, the winners
employed 9,402 people in 2016, and on average 42% of their
employees live in the same neighborhood as the company.
Highlights of the 2017 Inner City 100 include:
• Employed 9,402 individuals in 2016.
• Created 5,724 new jobs in the last five years.
• On average, 42% of employees live in same neighborhood as the company.
• Average company age is 16 years.
• Average 2016 revenue is $13.1 million.
• 32% are women - owned.
• 45% are minority - led.
• 29 industries represented in the top 100.
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Inner City 100 Methodology: The Initiative for a Competitive Inner City (ICIC) defines inner cities as core urban area s 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 2017,
compa nies were ranked by revenue growth over the five - year period between 2012 and 2016. This list was audited by the
independent accounting firm Rucci, Bardaro, and Falzone, PC.
Initiative for a Competitive Inner City (ICIC)
ICIC is a national nonprofit fou nded 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 resear ch 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 , Inn er City Capital Connections and the Goldman
Sachs 10,000 Small Businesses programs. Learn more at www.icic.org or @icicorg .
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