ICIC Honors the Nation's Fastest-Growing Businesses in Under-Resourced Communities

Core Insights - The Initiative for a Competitive Inner City (ICIC) announced the winners of the 2024 Inner City 100 (IC100) awards, recognizing the 100 fastest-growing businesses in under-resourced communities across the U.S. [1] - The 2024 IC100 winners achieved an average revenue growth of 347% from 2019 to 2023, showcasing resilience and ingenuity [1][6] Special Recognition Awards - ICIC presented three special awards to highlight exceptional achievements among the IC100 honorees [2] - The Chevron Dorothy A. Terrell Community Impact Award was awarded to Northern Real Estate Urban Ventures (NREUV) for its commitment to community development [3] - The FedEx Champion of Global Entrepreneurship Award was given to Electronic Responsible Recyclers (ER2) for its contributions to global trade and sustainability [4] - The ICIC Business Growth Award recognized Mainstream Medical Devices as the top-ranked IC100 company by revenue growth [5] Economic Impact - ICIC CEO Steve Grossman emphasized that the IC100 awards demonstrate how investing in under-resourced communities leads to exceptional results and sustainable growth [6] - The 2024 IC100 winners represent diverse industries and geographies, serving as examples of how inclusive economic growth benefits individuals and the broader economy [6] Eligibility Criteria - To qualify for the IC100, companies must be independently operated, privately held, for-profit businesses with revenues of at least $50,000 in 2019 and$500,000 in 2023, headquartered in under-resourced communities [9]