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 2013 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, the Baltimore Development Corporation, 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 2007 and 2011, the last year for which complete data was available. This list was audited by the independent accounting firm of Rucci Bardaro and Barrett, PC.
Move over Gerber, Happy Family CEO Shazi Visram is hungry for market share.
Bolstered by biotech, a building boom, and a business-friendly legislature, fledgling companies have recently found growth‒and growing pains‒in the Lone Star State.