Program Update
Inner City 100 Awards
Since its establishment in 1999, ICIC has identified and honored the 100 fastest-growing businesses located in under-resourced communities through the prestigious Inner City 100 (IC100) Awards. Throughout this period, we have had the privilege of learning about and highlighting more than 1,000 remarkable business leaders and companies from across the United States. These firms have proven to be catalysts for job growth and promoters of a thriving, inclusive economy, even amidst challenging circumstances. Furthermore, they have actively contributed to the enhancement of their communities by generously donating their time and resources to local organizations and charitable causes.
This year, we are thrilled to commemorate the 25th anniversary of the IC100, an occasion that allows us to further spotlight and celebrate our distinguished group of IC100 winners that span a wide spectrum of industries. This year’s recipients have the opportunity to receive one-on-one mentorship from experienced business experts, partake in an exclusive three-part strategy seminar with Harvard Business School Professor Lynda Applegate, and be recognized onstage at our 2023 Annual Conference in Miami, held in-person for the first time since 2019. This national recognition serves as a testament to IC100 winners’ unparalleled growth and unwavering dedication to making a profound impact on their communities.
IC100 Methodology
Recognizing that concentrated poverty exists within metropolitan areas outside of big cities (and that poverty overall is suburbanizing), ICIC has revised its definition of an inner city (or under-resourced area) to encompass large areas of concentrated poverty in suburbs and smaller central cities as well as the large cities on which it has historically focused. The new inner city definition that ICIC has developed includes large low-income, high-poverty areas located in the urban and suburban parts of all but the smallest metropolitan areas. Every year, ICIC identifies, ranks, and awards the 100 fastest-growing businesses located in America’s under-resourced communities. In 2022, companies were selected and ranked by revenue growth over the four-year period between 2017 and 2021.
2023 Impact Snapshot: Inner City 100
23
Industries represented
54
Cities represented
28
States represented
57%
BIPOC-owned
50%
Woman-owned
4%
LGBTQ+ -owned
3%
Veteran-owned
31%
First-time winners
24%
Hall of Fame Winners (5 or more wins)
454%
Average 4-year revenue growth
$12M
Average 2022 revenue
2,781
Total jobs created
(2018-2022)
77%
Alumni of ICIC
programs
Alumni Spotlight
“We’ve had the privilege of being an honoree of Inner City 100 from ICIC for a record number of times, and we keep coming back. It’s an honor to have our business recognized as we continue to pursue our mission of transforming lives, careers, and communities through real estate. Not only are we proud to grow and lead the way in inner-city business growth in this country, but we believe that the Inner City 100 award plays a critical role in shifting the narrative and changing the story of what America’s inner cities are all about.”
Bo Menkiti, Founder and CEO
The Menkiti Group and Keller William Capital Property
Washington, D.C.
menkitigroup.com
13-time Inner City 100 Award Winner
“To be recognized by the IC100 is a great honor. Receiving this award is a symbol of trust, it signifies to our clients, partners, and employees, that they have made the right choice in working with us. It has elevated our visibility in this industry and allowed us to connect with like-minded individuals and organizations.”
Jessica Wolak, President & CEO
Adelante Construction Group
Chicago, Illinois
adelanteconstructiongroup.com
2023 Inner City 100 Award Winner