For the past nine years, Inc. and the Initiative for a Competitive Inner City (ICIC) have teamed up to recognize America’s fastest-growing urban businesses through the annual Inner City 100 list. We are pleased to announce that two of our members’ companies have made the list for 2007! Congratulations to Cenergy Corportation and Desert Fleet-Serv! Here are some quick facts about this year’s list:
o The 2007 Inner City 100 boasts an average four-year revenue growth of 535 percent and record average revenue of $39 million.
o Nine percent report sales exceeding $100 million.
o The list has a record number of minority CEOs: 40 percent compared with 32 percent last year and a previous high of 38 percent in 2003.
o Twenty percent are immigrants.