Woman & minority-owned creative branding & marketing agency makes Initiative for a Competitive Inner City’s annual Inner City 100 list.
PASADENA, CA, January 18, 2023 /24-7PressRelease/ — BC Design Haus announced at the end of last year that it has been named a winner of the 2022 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 2022 IC100 winners were evaluated based on revenue growth during the four-year period from 2017 to 2021. BC Design Haus, led by Bernadette Capulong, was ranked among the top 100 small businesses on the list based on its four-year revenue growth rate of 59%.
Capulong, CEO & Founder of BCDH, said of the recognition, “Despite the challenges we faced during the pandemic, we developed a strong foundation that will support us in withstanding future volatile business climates. We built and maintained trusting relationships, prioritized exceptional customer service, and created a strong and distinctive company culture where employees are supported and driven to achieve high levels of performance.”
This year’s IC100 list was unveiled during an awards ceremony at ICIC’s 2022 Annual Conference held virtually on December 8. The full list of 2022 IC100 award winners is available here: https://icic.org/urban-business-initiatives/inner-city-100/meet-the-award-winners/
Steve Grossman, CEO of ICIC, stated, “Businesses continue to contend with profound socio- economic issues that have severely tested their ability to emerge stronger. The global pandemic, inflation, severe workforce limitations, and supply chain issues continually impact small business owners. Yet despite this challenging outlook, the Inner City 100 class of 2022 prevailed and stayed open for business. We couldn’t be prouder of these heroes whose energy and optimism inspire us every day.”
Grossman added, “The 2022 Inner City 100 small business owners knew that new strategies were required to deal with the seismic shifts they faced, and they responded admirably. They stepped out of their comfort zones to innovate, adapt, build resilience, and pivot with impressive results.”
From 2017 to 2021, the 2022 Inner City 100 companies averaged 421% revenue growth and created 4,011 total jobs. Of these 100 winners, 50% are BIPOC-owned/led, and 50% are woman-owned/led, the latter of which is a record high-number in the program’s 24-year history.
2022 IC100 Winners by the Numbers:
Average Company Age: 19
Cities Represented: 57
States Represented: 28
Industries Represented: 25
First-Time Winners: 36%
Hall of Famers (won IC100 5 or more times): 22%
Average Four-Year Revenue Growth Rate: 421%
Average 2021 Revenue: $16.17M
Total Jobs Created (2017-2021): 4,011
Total Employed by IC100 Winners in 2021: 7,260
Nominations are now open for the 2023 IC100! If you know a business located in an under-resourced community that meets the revenue qualifications outlined here, nominate them using this form or email [email protected].
IC100 Methodology: Recognizing that concentrated poverty exists within metropolitan areas outside of big cities (and that poverty overall is suburbanizing), ICIC has revised its definition of an inner city (or under-resourced area) to encompass large areas of concentrated poverty in suburbs and smaller central cities as well as the large cities on which it has historically focused. The new “inner city” definition that ICIC has developed includes large low-income, high-poverty areas located in the urban and suburban parts of all but the smallest metropolitan areas. Every year, ICIC identifies, ranks, and awards the 100 fastest-growing businesses located in America’s under-resourced communities. In 2022, companies were selected and ranked by revenue growth over the four-year period between 2017 and 2021.
About BC Design Haus:
BC Design Haus is a female & minority-owned, full-service, creative agency based in LA. Our customer-centric approach focuses on strategic storytelling, design thinking, and customized branding & marketing strategies for established and emerging organizations and government agencies. Learn more at https://bcdesignhaus.com/what-we-do/
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 the economies of under-resourced communities. ICIC drives inclusive economic prosperity in under-resourced communities through innovative research and programs to create jobs, income, and wealth for local residents. Learn more at www.icic.org or @icicorg.
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