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100 fastest growing inner city businesses

9. DynaLabs
9. DynaLabs
Scott Glover, CEO
2009 Revenues: $2.5 million
5-year Annual Growth Rate: 73%

Scott Glover
Location: St. Louis, MO
Year Founded: 2003

About the business:
Before Dynalabs was founded, managing partners Russell Odegard and Michael Pruett grew aware that very few pharmaceutical companies in the country fully tested compound medication (when pharmacists combine different medicines for a custom prescription). Determined to meet this need, they began to seek out seed funding and eventually secured an angel investment to launch their business.

At the time, many pharmacies were unaware that the service Dynalabs provided was available. The company provides lab testing, data management tools and consulting services to community, chain, hospital, and industrial compounding pharmacies and suppliers.

As technology for this type of testing evolved, the company's competition has as well. To keep their competitive edge, Scott Glover, the company's current CEO, wants to expand into overseas markets. Dynalabs is going to need more cash to do this. Back to the angel investors they go.

--By Eno Alfred and Alex Rodriguez

The Initiative for a Competitive Inner City (ICIC) defines inner cities as core urban areas with higher unemployment and poverty rates and lower median incomes than their surrounding metropolitan statistical areas. For the 2011 list, ICIC received more than 2,000 solicited nominations using its database of small businesses and through the support of its nominating partners, including the U.S. Conference of Mayors, Staples, and the Small Business Administration. Companies were ranked by compound annual growth rate (CAGR) based on their revenue over the five-year period between 2005 and 2009 (the last year for which complete data was available).
Last updated May 18 2011: 5:14 PM ET
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