The Initiative for a Competitive Inner City, a national non-profit that promotes business-led economic development in America's inner cities, has announced a call for nominations for its 2009 Inner City Capital Connections and 2010 Inner City 100 programs.
Companies that participate in the Inner City Capital Connections program will gain access to capital providers who finance inner-city business growth, get one-on-one feedback from seasoned investors, participate in a free executive education summit at Harvard Business school, and appear in BusinessWeek SmallBiz on a list of the 100 fastest-growing firms in inner cities across the country.
The Inner City 100 Program ranks the fastest-growing inner-city companies based on five-year revenue growth (2004-2008). To qualify, a company must be an independent, for-profit corporation, partnership, or proprietorship; be headquartered in or have 51 percent or more of its physical operations in economically distressed urban areas of the U.S.; have 10 or more full-time employees; and have a five-year operating sales history that includes sales of at least $200,000 in 2004 and at least $1 million in 2008 with no decrease in sales from 2007 to 2008.
Companies selected for the Inner City 100 will receive national and local media recognition and be invited to a gala awards dinner. Winners will also attend a free executive education session at Harvard Business School.