GTRI Ranks #7 on Inner City 100 List
by Zivaro, on May 21, 2009 1:55:14 PM
Denver, Colo. – May 21, 2009 – Global Technology Resources, Inc. (GTRI) has experienced another year of outstanding growth. For the past 11 years, Inc. and the Initiative for a Competitive Inner City (ICIC) have teamed up to recognize America’s fastest-growing urban businesses through the annual Inner City 100 list. In 2009, GTRI was named number seven on the list, and has been named in the top 50 for the past six years. Innovative practices and sustained growth are the predominant traits of the 2009 Inner City 100, a ranking of the 100 fastest-growing businesses in inner city communities nationwide.
“GTRI’s future is dependent on maximizing our most obvious business asset - our employee’s,” commented Lance Vierra, President and CEO of GTRI. “It’s nice to walk around the office and catch people doing the right thing, like treating our customers well. I am thankful to say that our employees contribute to GTRI’s accomplishment of the highest level of customer satisfaction and growth in our industry.”
Now in its 11th year, the Inner City 100 list provides unmatched original data on the fastest growing inner-city businesses in the U.S. For the 2009 list, over 5,000 nominations were received. The 2009 Inner City 100 winners grew at a compound annual growth rate of 40 percent and an average rate of 324 percent between 2003 and 2007. Collectively, the top 100 inner city businesses have employed nearly 17,000 people and created nearly 10,000 new jobs over the past five years.
Fifty-three percent of companies expect steady growth, 11 percent expect their revenues to double, six percent expect their revenues to triple, and a mere four percent expect their revenues to decline in 2009. Individually, the average Inner City 100 Company’s revenues were $23 million.
“We are delighted to celebrate businesses like GTRI that are playing a critical role to revitalize distressed urban communities throughout America,” said Michael Porter, founder and CEO of ICIC. “By creating jobs, income, and wealth for local residents, these high-growth businesses are vivid proof that the most effective way to address economic inequality in America is to equip every community to prosper in the market system. Inner City 100 companies also provide a window into the future where all companies will need to learn to address diverse customers and mobilize diverse workforces.”
Highlights of the 2009 Inner City 100 list include:
- Inner City 100 companies are 34 percent minority-owned. Nationally, just 8 percent of companies with annual revenues over $1 million are minority-owned.
- The 2009 Inner City 100 companies are 18 percent owned by immigrants to the United States.
- 21 percent of the 2009 Inner City 100 are women-owned. Nationally, only 10 percent of companies with over $1 million in annual revenues are women-owned.
- The 2009 Inner City 100 boasts an average workforce that is 53 percent minority employees and 43 percent inner city residents.
- The 2009 Inner City 100 pay an average of over $15.00 per hour to hourly employees and $53,000 per year to salaried employees.
GTRI provides industry-leading consulting and technology services that help clients derive real business value from their technology investments. With deep foundations in both networking and data center technologies, we support clients across a broad spectrum of industries with IT strategy, planning, private and cloud architectures, implementation and IT operations. Learn more at dev.gtri.com.
# # #
GTRI is a registered trademark of Global Technology Resources, Inc. Other company and product names may be trademarks of their respective owners.
Global Technology Resources, Inc.