100 fastest growing inner city businesses

5. Perez, APC
5. Perez, APC
Angela O'Byrne, CEO
2009 Revenues: $8.7 million
5-year Annual Growth Rate: 102%

CEO:
Angela O'Byrne
Location: New Orleans, LA
Year Founded: 2004

About the business:
Salvaging an architecture firm on the verge of collapse, Angela O'Byrne raised $200,000 from family and friends (and got a $300,000 bank loan) in 2004 so she could take over and support the operations of Perez Inc. Professional Corporation.

The company stepped into the sphere of pro bono work after Hurricane Katrina, pushing for the recovery of the job market among local businesses. O'Byrne located her company in the heart of New Orleans, where reconstruction was most desired and needed.

Despite the challenges of finding qualified staff, O'Byrne refuses to surrender to the pressures and move elsewhere.

--By Marc Francis and Hyacinth Vassell


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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