MFR Consultants selected for 2016 Inner City 100 Award
The Initiative for a Competitive Inner City (ICIC), a national nonprofit founded in 1994 by Harvard Business School professor Michael E. Porter, and FORTUNE Magazine announced that MFR Consultants, Inc. was selected for the 2016 Inner City 100, as one of the fastest-growing inner city business in the United States. 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.
ICIC's 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. Every year, ICIC works with a national network of nominating partners to identify, rank, and spotlight the 100 fastest-growing firms, which are honored on the Inner City 100 list published in Fortune Magazine.
With an average five-year growth rate of 458% between 2011 and 2015, the 2016 Inner City 100 winners represent a wide span of geography, hailing from 42 cities and 25 states.
Highlights of the 2016 Inner City 100 include:
- Employed 7,324 workers total in 2015
- Created 4,696 new jobs in the last five years
- Average company age is 16 years
- Average 2015 revenue is $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