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Rodriguez among ICIC and FORTUNE’s Inner City 100 winners

posted Oct 20, 2014, 5:03 PM by Louis Rodriguez   [ updated Nov 1, 2014, 7:16 AM ]
PHILADELPHIA, PA – OCTOBER 17, 2014 – The Initiative for a Competitive Inner City (ICIC) and FORTUNE announced that Rodriguez Consulting, LLC (Rodriguez) was selected for the 2014 Inner City 100, a list of the fastest-growing inner city businesses in the U.S. This year, for the first time in the list’s 16-year history, the Inner City 100 consists of 10 fast-growing businesses from 10 industry categories. The 10 industry categories are: Construction; Manufacturing; Professional Services; Food and Beverage; Retail; Media and Communications; Software and Information Technology; Transportation and Logistics; Healthcare and Biotechnology; and Arts, Entertainment, and Recreation. Applicants ranked according to revenue growth against their industry peers, as well as overall. 

Rodriguez ranked #7 in the Professional Services industry category and #54 overall on the list of 100. The Inner City 100 program recognizes successful inner city businesses and their CEOs as role models for entrepreneurship, innovative business practices and job creation in America’s urban communities. 

The full list of winners can be viewed at Fortune.com

“It’s important to recognize businesses like Rodriguez Consulting that are truly driving economic growth and job creation in America’s urban cores,” said Matt Camp, President, ICIC. “We believe that inner cities hold unique competitive advantages for business and the success of these firms underscores that market opportunity.” 

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To qualify for the Inner City 100 list, companies are required to be an independent, for-profit corporation, partnership or proprietorship that is not a public company, bank, or a holding company; headquartered in an economically distressed urban area; have at least 10 full-time employees; and a five-year operating sales history that includes at least $200,000 in revenues in the first year of consideration, an increase in year five sales over year four sales, and fifth-year sales of at least $1 million. For the 2014 list, ICIC looked at total revenue growth from 2009 to 2013 and the specific rankings were based on these growth rates. ICIC defines an inner city as an economically distressed urban area that has a poverty rate of 20% or higher, excluding currently enrolled undergraduate and graduate students; or a poverty rate of 1.5 times or more than that of the metropolitan statistical area (MSA) and a median household income of 50% or less than that of the MSA an or an unemployment rate of 1.5 times or more than that of the MSA.

About Rodriguez

Rodriguez Consulting, LLC (Rodriguez) provides innovative engineering and geospatial solutions for our Nation's infrastructure incorporating creative applications of technology. Our team of professionals specializes in Design (land development, redevelopment, site retrofits), Infrastructure (water, sewer stormwater, roadways), Geospatial (GIS, GPS, LiDAR, land surveying) services.  Rodriguez is a certified SBA 8(a), minority-owned (MBE) and disadvantaged business enterprise (DBE) established and incorporated in 2007.  Learn more at www.rodriguezconsulting.biz or @rodriguez_llc

About 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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