NEW: (add)ventures Named One of ICIC and Fortune Magazine’s Inner City 100 Winners
Friday, May 11, 2012
The Initiative for a Competitive Inner City (ICIC) and Fortune Magazine announced that (add)ventures (Rank #77), a national full-service digital marketing and brand communications firm headquartered in Providence, Rhode Island, was selected for the 2012 Inner City 100, a list of the fastest-growing inner city companies in the U.S. The Inner City 100 program recognizes successful inner city companies and their CEOs as role models for entrepreneurship, innovative business practices and job creation in America’s urban communities.
“We are delighted to celebrate businesses like (add)ventures that are playing a critical role in revitalizing communities across the country. Through their achievements, the Inner City 100 winners exemplify America’s remarkable potential and the future of our urban centers,” said Mary Kay Leonard, ICIC President and CEO. “These extraordinary companies demonstrate the market potential that exists within our inner cities and the growth that is at the heart of all urban entrepreneurial successes.”
The rankings were announced at the Inner City 100 Awards on May 9 in Boston, Massachusetts. Winners attended a symposium featuring executive education case studies at Harvard Business School.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLAST“It’s a thrill for us to again be part of the Inner City 100,” said (add)ventures President & CEO Steve Rosa. “This marks the fifth time we’ve been honored with this distinction and it’s a special one for us. We believe in the essence of the Inner City 100 and strive to apply that professionalism and creativity to what we do every day to help advance our business and that of our Fortune 500 client partners.”
For the 2012 list, winners represent a wide span of geography, operating in 46 cities and 30 states. The 2012 Inner City 100 winners grew at a compound annual growth rate of 40 percent and an average standard growth rate of 577 percent between 2006 and 2010. Collectively, the top 100 inner city businesses employ 7,965 employees and have created more than 4,635 new jobs between 2006 and 2010. Not only are they powerful job creators in their communities, but they also treat their employees well – a stunning 93% of the list provide health insurance.
ICIC has been studying the economic condition of the largest 100 American cities for more than a decade and is working to revitalize inner cities across the country.
