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100 fastest growing inner city businesses

23. Sacred Power Corporation
23. Sacred Power Corporation
2009 Revenues: $6.2 million
5-year Annual Growth Rate: 55%

Dave Melton
Location: Albuquerque, NM
Year Founded: 2001

About the business:
CEO David Melton had worked in the photo-voltaic energy industry (think solar panels) before he and a partner began to look for a business that was tailored to the Native American community in and around Albuquerque, N.M. As a Native American himself, Melton was concerned about how many native people lacked electricity, especially on Indian Reservations. After discovering that no such business existed, he was asked by his employer to serve as a program manager for this project. Melton approached his employer as an independent sub-contractor instead. Sacred Power was born.

--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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