Veltrust, a global advisory and consulting firm, announced today that it has been named a winner of the 2021 Inner City 100 (IC100) awarded by Initiative for a Competitive Inner City (ICIC). Since 1999, ICIC has identified and celebrated the 100 fastest-growing businesses in under-resourced communities in the U.S. through the IC100 award.
The 2021 IC100 winners were evaluated based on revenue growth during the four-year period from 2016 to 2020. Veltrust led by CEO, Jaian Cuttari was ranked #4 on the list based on its four-year revenue growth rate of 1072.72%.
“At Veltrust we strive for excellence and our commitment and dedication to support entrepreneurs & small businesses has only increased since the start of the pandemic, we will continue to assist communities in their great economic comeback during historic times.” – Jaian Cuttari, Veltrust CEO
This year’s IC100 list was unveiled during an awards ceremony at ICIC’s 2021 Annual Conference held virtually on December 9.
In light of the economic and financial impact of the COVID-19 pandemic, small businesses are more vital now than ever to local economies and small business ecosystems. It is thus important to recognize and celebrate them for their growth and resilience.
“Achieving multi-year financial growth is a significant accomplishment,” said ICIC CEO Steve Grossman. “The Inner City 100 class of 2021 sustained their momentum amid the unprecedented challenges faced during the pandemic to greatly expand their respective businesses’ revenue – a tremendous milestone we’re proud to celebrate.”
Grossman added, “These firms have been engines of job growth and a healthy, inclusive economy in these incredibly challenging times. They have also been actively engaged in strengthening their communities by donating their time and resources to local organizations and charities. We are truly inspired by our IC100 winners.”
From 2016 to 2020, the 2021 Inner City 100 companies averaged 216% revenue growth and created 3,899 total jobs. Of these 100 winners, 32 are woman-owned/led, and 60 are BIPOC-owned/led, the latter of which is a record high-number in the program’s 23-year history.
To view the full list of 2021 IC100 award winners by ranking and learn more about each company, visit: https://bit.ly/InnerCity100_2021_award_winners.
About Initiative for a Competitive Inner City (ICIC):
Initiative for a Competitive Inner City (ICIC) was founded by renowned Harvard Business School Professor Michael Porter in 1994 as a research and strategy organization that today is widely recognized as the preeminent authority on urban economic growth. ICIC drives inclusive economic prosperity in communities through innovative research and programs to create jobs, income, and wealth for local residents.