FOR IMMEDIATE RELEASE:
IT Ascent, Inc. on Tenth Annual ICIC – INC. Magazine Inner City 100 Award
Boston, MA, May 1, 2008, 8 pm – Today, the 2008 ICIC-Inc. Magazine Inner City 100 list was released, and IT Ascent, Inc. is ranked #8 on the list of the fastest growing inner-city companies in America. Extraordinary growth is the predominant trait of the 2008 Inner City 100, a ranking created by the Initiative for a Competitive Inner City (ICIC) and Inc. Magazine of the 100 fastest-growing businesses in inner city communities nationwide. “We are most proud and excited about this award because of our commitment to community service in the city of San Francisco” said President & CEO, Joseph Nordlinger.
Now in its tenth anniversary year, the Inner City 100 list provides unmatched original data on the fastest growing inner-city businesses in the U.S. For the 2008 list, over 6500 new nominations were received, the most in the program’s history. The 2008 Inner City 100 winners grew at a compound annual growth rate of 47 percent and an average rate of 472 percent between 2002 and 2006. Collectively, the top 100 inner city businesses have employed nearly 21,500 people and created over 15,000 new jobs over the past five years; both of these employment figures are the highest in the program’s history and show signs of continued growth.
“We are delighted to celebrate businesses like IT Ascent, Inc. that are playing a critical role in urban communities throughout the country,” said David G. Latimore, president and chief executive officer of the Initiative for a Competitive Inner City. “These high-growth businesses help create jobs, income, and wealth for local residents, and they prove our belief that the most effective way to create economic equality in America’s inner cities is to focus on sustainable business growth and investment.”
The 2008 Inner City 100 winners operate from 58 cities in 31 states. Nineteen companies on the list are based in California, the most ever for a single state; Texas and Massachusetts each have seven, and New York and Maryland each have five. Six states (Pennsylvania, Oregon, Missouri, Michigan, Illinois, and Indiana) have four companies on the list. San Francisco has six winning companies; Boston and Baltimore each have five, and Detroit, Los Angeles, Oakland, and Portland each have four companies listed on the Inner City 100.
About the Initiative for a Competitive Inner City
The Initiative for a Competitive Inner City (ICIC) is a national not-for-profit organization founded in 1994 by Harvard Business School professor Michael E. Porter. ICIC’s mission is to promote economic prosperity in America’s inner cities through private sector engagement that leads to jobs, income and wealth creation for local residents. ICIC brings together business and civic leaders to drive innovation and action, transform thinking and accelerate inner city business growth and investment.
Inc is the leading magazine written for the men and women who own and manage small-to-mid-sized, fast-growing companies. Published 12 times a year, Inc helps its 1.5 million readers by providing expert advice and practical solutions as they face the opportunities, pitfalls, and rewards of growing a company. www.inc.com, the Web site for growing companies, was named Best Online Magazine by Folio and Best Overall New Publication (all media) by the Computer Press Association.
Inner City 100 Sponsors: Chevron, Merrill Lynch, and Staples Foundation for Learning
ABOUT IT Ascent - IT Ascent, Inc. is a consulting firm specializing in the human capital needs of large corporate clients. We work as a trusted advisor to our clients as well as a strategic supplier to them. Vendor Neutral and Solution Agnostic, ITA provides strategic consulting in: Technology Selection, Program Architecture and Systems Integration. In 2007 ITA was ranked in the Inc. 500 for its expertise around Enterprise VMS programs.
Our focus is on deploying real-world solutions that mitigate workforce risk and drive financial results in the area of Enterprise Workforce Strategy & Transformation. These solutions include: Service Model Architecture & Program Management, Workforce Management Systems & Integration, and Workforce Acquisition & Retention.
Visit IT Ascent on the Web at http://www.itascent.com