35. Premier Organics
35. Premier Organics
2010 Revenues: $4.3 million
5-year Annual Growth Rate: 38%

Santiago Cuenca-Romero
Location: Oakland, CA

About the business:
Oakland-based Premier Organics was founded in 2002 by CEO Santiago Cuenca-Romero. Cuenca-Romero was enthralled by peanut butter when he came to the U.S. from Spain and realized that he could apply his background in meat grinding to creating nut butters, such as almond or cashew. Cuenca-Romero attributes his company's solid growth to rise in the raw foods market, especially within Canada and Europe. The company has paired up with Inner City Advisors, also located in Oakland, to help the firm optimize its operations and social marketing efforts.

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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