Six (6) LA County companies were featured in FORTUNE Magazine as part of the 100 Fastest Growing Inner City Companies in America. The below winners really highlight the diversity and strength of LA County’s industry clusters–ranging from fashion and lifestyle to advanced transportation technologies to logistics and goods movement to aerospace and defense to media and communications.
FORTUNE Magazine-Recognized ICIC Inner City 100 in LA County: as part of the “100 fastest-growing inner city companies in America”
- #10: Sentiments in Commerce, CA: “Sentiments is a designer, manufacturer, and importer of home and pet textile products to retailers worldwide. Sentiments is a family-owned business, and it’s committed to increasing awareness about pet homelessness and sustainability in design and manufacturing.”
- #16: UrbanX Renewables Group in Long Beach, CA: “In 2009, Bruce Melgar and his brother began to create fuel from waste. By using just 2% of his company’s biofuel, which is processed from restaurant waste, companies can meet a 20% reduction in their environmental CO2 emissions. California recently granted the company $5 million to build the West Coast’s largest advanced biofuel facility.”
- #47: Decor Interior Design in Los Angeles, CA: “Decor Interior Design specializes in tenant improvements and office furniture. The company’s customers range from Warner Brothers to the Department of Defense.”
- #68: Westcoast Trucking in Compton, CA: “Serial entrepreneur Jay Patel found himself wondering in 2003 if he might be able to make a business out of fulfilling trucking and logistics requests for customers of his warehousing business. Westcoast Trucking is now an upstart transportation firm with Fortune 500 clientele that expects to double its fleet year over year for the foreseeable future.”
- #76: Ace Exhibits in Los Angeles, CA: “Ace Exhibits seeks to design, manufacture, and build trade show displays at a lower cost and higher quality than competitors.”
- #93: M.C. Gill Corporation in El Monte, CA: “M.C. Gill Corporation, founded by CEO Stephen Gill’s father in California after World War II, develops and manufactures products for the commercial aircraft and aerospace industries. Stephen began working for the company in 1956 when he was 14 and eventually started full-time after college. He took over the firm in 1991, when the industry had seemingly hit its lowest point. Since taking over, Gill has grown the company’s revenue from $16 million to $240 million and increased the firm’s employees from 50 to over 800.”
Congratulations to each of the above winners and to all of you who made it as finalists!
Information about the Inner City 100 and Eligibility Criteria
About the Inner City 100
For sixteen years, ICIC has been recognizing the 100 fastest-growing businesses located in America’s inner cities. The list is published annually in FORTUNE and the winners are invited to attend the Inner City 100 Symposium where they gain management education from faculty at the Harvard Business School and a chance to network with fast-growing urban businesses from across the U.S. You can view last year’s publication in FORTUNE here and last year’s Inner City 100 Symposium agenda here.
Past Inner City 100 winners cite access to a national network of fast-growing businesses, the prestige of national recognition in one of the country’s preeminent business publications, business education from leading CEOs and HBS faculty, and the chance to market the award externally to both customers and prospective employees as major benefits of the program. Winners have also reported meeting major investors and winning multi-million dollar contracts as a direct result of appearing on the list, and select companies each year are profiled in-depth by FORTUNE‘s award-winning editorial team.
Eligibility for the 2015 Inner City 100
After a company applies, ICIC will assess the following core requirements.
- Be an independently operated (not a subsidiary or division of another company), privately owned company that is not a bank or holding company
- Be headquartered in an economically distressed urban area in the USA
- Have ten or more full-time employees in 2014
- Have a five year operating sales history (2010-2014) with sales of at least $100,000 in 2010 and $1 million in 2014
The final deadline to apply is Thursday, April 9, 2015.
Also, let us know if you happen to apply. We’d love to keep track!