31. DeatschWerks
31. DeatschWerks
2010 Revenues: $1.5 million
5-year Annual Growth Rate: 44%

David Deatsch
Location: Oklahoma City, OK

About the business:
DeatschWerks, located in Oklahoma City, has been creating and selling high-performance fuel injectors since 2004. Originally a personal hobby of CEO David Deastch, the company now serves customers in 13 countries. Deastch has a degree in microbiology and worked in a cancer lab before starting DeatschWerks. In 2004, he began selling his products via eBay. Two years later, Deastch quit his job as a microbiologist to focus on his new business. DeatschWerks recently landed contracts to supply injectors to the Department of Defense.

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 2012 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. Hispanic Chamber of Commerce, Staples, New York City Department of Small Business Services, and the U.S. Conference of Mayors. Companies were ranked by compound annual growth rate (CAGR) based on their revenue over the five-year period between 2006 and 2010, the last year for which complete data was available. This list was audited by the independent accounting firm of Rucci Bardaro and Barrett, PC.
@FortuneMagazine - Last updated May 11 2012: 10:59 AM ET
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