The Initiative for a Competitive Inner City (ICIC) announced that Baltimore’s HighRock Studios has, based on revenue growth, made the 2019 Inner City 100 list of the fastest-growing inner-city businesses in America.

HighRock Studios, led by Vice Presidents Len Sullivan and Katie Stover, was ranked #86 based on its five-year growth rate of 55.94%.

“We’ve always been staunch advocates of our city since the day that we started, we just never realized how much of an impact we could have through marketing,” said Sullivan.  “Using things like 3D and video to enhance the development in and around Baltimore has been a great joy for us.”

ICIC is a Boston-based nonprofit created by Harvard Business School Professor Michael Porter in 1994 on the premise that under-resourced communities have vast, untapped potential, purchasing power and labor markets, which can only be realized by small business owners who are growing and creating high-quality jobs. Over the past 25 years, ICIC has built a foundation for inclusive economic prosperity, proving Porter’s theory time and again.

“Inner City 100 companies are forces of economic opportunity, optimism and transformation in their communities, and HighRock Studios a shining example,” said ICIC CEO Steve Grossman.  “It leads the way in innovation, job creation and economic revitalization and it’s an honor to recognize the company’s leadership.  In addition to excellence in business, these pioneering entrepreneurs have demonstrated a deep commitment to and passion for their local communities, which significantly impacts the well-being of their local economies.”

ICIC’s Inner City 100 list has long celebrated entrepreneurship in under resourced communities. Since its inception, ICIC’s list has recognized over 1,000 companies. The 2019 winners employed 8,743 people as of 2018. The Inner City 100 program opens doors for other budding entrepreneurs from under resourced communities and stimulates inclusive economic prosperity through recognition, networking and learning.

2019 Inner City 100 by the numbers: 

  • Average growth rate of 227% between 2014 and 2018
  • Represent 47 cities in 25 states
  • Created 4,299 new jobs in the last five years
    • 86% of those jobs are full-time
  • On average, 33% of employees live in same neighborhood as the company
  • Average company age: 17 years
  • Average 2018 revenue: $12.2 million
  • 31% of companies are women-led
  • 38% of companies are minority-led
  • Represent 19 industries

The full list of winners is available on Fortune’s website https://fortune.com/inner-city-100/2019/.

HighRock is a Capitol Communicator sponsor.

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