ICIC and Staples Honor Atlanta Staffing Firm for Business Growth
September 26 2016 - 7:00AM
Business Wire
The Initiative for a Competitive Inner City (ICIC) and FORTUNE
announced September 14 that Atlanta based Caduceus, a healthcare
staffing and consulting firm, topped the 2016 Inner City 100 list
of the fastest-growing inner city businesses in the U.S. Caduceus
was recognized by longtime ICIC partner Staples, Inc. for both its
top place on the list, and for its growth rate of 3554 percent.
Staples presented the company with the annual Staples Business
Growth Award for this impressive rate.
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Featured (from left to right): Steve
Grossman, CEO, ICIC, Kevin Moss, Senior Vice President, Staples
Business Advantage, John Anderson, COO, Caduceus, Dr. Michael
Porter, University Professor, Harvard Business School and Founder
of ICIC (Photo: Business Wire)
Caduceus’s Chief Executive Officer, Carlos Lopez, a former
Marine, decided to found the business in 2008 with the goal of
staffing the military healthcare industry. A certified Service
Disabled Veteran Owned Small Business (SDVOSB), Caduceus has
succeeded in doing just that, while also expanding its services
beyond healthcare to include scientific and technology related
staffing as well. Carlos and his company are known for their
commitment to both their employees and their customers, and
undoubtedly this commitment has helped drive their growth.
Each year, ICIC works with a national network of nominating
partners to identify, rank and spotlight rapidly-growing urban
businesses. The top 100 are determined by revenue growth and are
honored on the Inner City 100 list published in FORTUNE. This
year’s full list of winners can be viewed at Fortune.com.
Before the September 14 Awards revelation, winners gathered for
a full-day business symposium featuring management case studies
from Harvard Business School professors and interactive sessions
with top CEOs. Shira Goodman, Interim CEO at Staples, gave a
keynote speech to open the event and touched on the challenges all
businesses are facing due to the pace of change in today’s
marketplace. “Good times and bad times come and go but as the
leader of your business you get to teach and role model the kind of
constancy, consistency, integrity, dependability and intensity that
will allow your company to thrive in all seasons,” she said in
congratulating the winners on making the Inner City 100 list.
Other notable speakers included Rapid 7 CEO Corey Thomas,
Harvard Business School Professors Lynda Applegate and Amy
Edmondson, Forbes Senior Editor Loren Feldman, John Stuart of PTC,
Bithenergy CEO Robert Wallace, Brook Colangelo of Houghton Mifflin
Harcourt, and ICIC Founder and Chairman Michael E. Porter.
“We are extraordinarily proud of these pioneering entrepreneurs
who lead the way in economic revitalization in America’s inner
cities,” says Steve Grossman, CEO of ICIC, of the list of 100.
The Inner City 100 program recognizes and supports successful
inner city business leaders, and celebrates their role in providing
innovation and job creation in America’s cities. These companies
strengthen local American economies, provide job opportunities for
underrepresented communities, and drive forward economic and social
development.
Boasting an average five-year growth rate of 458 percent between
2011 and 2015, the 2016 Inner City 100 winners represent a wide
span of geography, hailing from 42 cities and 25 states.
Collectively, the winners employed 7,324 people in 2015, and on
average over a third of their employees live in the same
neighborhood as the company.
Highlights of the 2016 Inner City 100 include:
- Employ 7,324 workers total in
2015.
- Created 4,696 new jobs in the last five
years.
- On average, 34% of employees live in
same neighborhood as the company.
- Average company age is 16 years.
- Average 2015 revenue was $12.2
million.
- 34% are women-owned.
- 37% are minority-owned.
- 6% of the winners are certified
B-Corps.
- 26 industries represented in the top
100.
Inner City 100 Methodology: 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 spotlights the 100
fastest-growing businesses located in America’s inner cities. In
2016, Companies were ranked by revenue growth over the five-year
period between 2011 and 2015. 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 founded in 1994 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
and the Goldman Sachs 10,000 Small Businesses programs. Learn
more at www.icic.org or @icicorg.
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ICICMatt Camp, 617-238-3014mcamp@icic.org
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