The Initiative for a Competitive Inner City (ICIC) and Fortune have announced that CWE has been selected for the prestigious 2016 Inner City 100 list. This recognition places CWE in an exemplary lineage of nearly 900 fast-growing and innovative inner city businesses.
ICIC’s Inner City 100 is an annually compiled and released list featuring high-power, high-potential businesses from around the country with headquarters in inner cities. Each company is selected by ICIC with help from a national network of nominating partners who seek to identify, spotlight, and further enable the named companies’ innovative urban entrepreneurship. Ranked by revenue growth, the esteemed recipients go on to have their names published in Fortune.
CWE ranked 41st overall on the list of 100. CWE, a civil engineering firm, reported 2015 revenues of $4.35 million and a five-year growth rate of 292 percent from 2011-2015. Vik Bapna and Jason Pereira, Principals and owners of CWE, worked exceptionally hard to grow the company since its 2006 establishment and were pleased by the company's performance and ranking.
"This significant achievement was only possible because of the hard work and dedication that each of our employees have committed to the company’s vision, mission, and values. We are honored to be named as one of the Inner City 100, and we are even more excited about the impact our work has made in improving local communities and the environment during this time of growth." says Jason Pereira, Principal of CWE.
CWE is a dynamic, award-winning civil engineering firm composed of engineers, scientists, designers, and construction support professionals. The firm values knowledge, creativity, mastery, and commitment as necessary components in delivering solutions for a wide range of civil engineering, water resources, and environmental projects. CWE makes personalized connections with each client to best serve the client's goals and objectives, instill trust, and fulfill their promise and commitment to providing engineering solutions that improve the quality of life. CWE creates, delivers, and supports services that resolve civil engineering, stormwater management, water resources, and environmental issues. CWE provides services for complete project delivery, including initial planning and assessment, design, permitting, construction management, and operation and maintenance. CWE is located at 1561 E. Orangethorpe Avenue, Suite 240, Fullerton, CA 92831.
In addition to announcing the list, company CEOs were invited to gather for a full-day event featuring thought-provoking sessions, insightful leadership advice, and robust networking opportunities. Past winners have reported meeting future multi-million dollar investors as a result of appearing on the Inner City 100 list and attending the accompanying colloquium.
The rankings for each company were announced at the Inner City 100 Conference and Awards Ceremony on Wednesday, September 14, 2016, at the Aloft Hotel in Boston, MA. Before the awards celebration, winners gathered for a full-day business symposium featuring management case studies from Harvard Business School professors and interactive sessions with top CEOs.
The Inner City 100 program recognizes and supports successful inner city business leaders, and celebrates their role in providing innovation and job creation in America’s cities. These companies strengthen local American economies, provide job opportunities for underrepresented communities, and drive forward economic and social development.
“We are extraordinarily proud of these pioneering entrepreneurs who lead the way in economic revitalization in America’s inner cities,” says Steve Grossman, CEO of ICIC, of the list of 100.
Boasting an average five-year growth rate of 458 percent between 2011 and 2015, the 2016 Inner City 100 winners represent a wide span of geography, hailing from 42 cities and 25 states. Collectively, the winners employed 7,324 people in 2015, and on average, over a third of their employees live in the same neighborhood as the company.
Inner City 100 Methodology: 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. Every year, ICIC identifies, ranks, and spotlights the 100 fastest-growing businesses located in America’s inner cities. In 2016, companies were ranked by revenue growth over the five-year period between 2011 and 2015. This list was audited by the independent accounting firm Rucci, Bardaro, and Falzone, PC.
Initiative for a Competitive Inner City (ICIC)
ICIC is a national nonprofit founded in 1994 by Harvard Business School professor Michael E. Porter. ICIC's mission is to promote economic prosperity in America's inner cities through private sector investment that leads to jobs, income, and wealth creation for local residents. Through its research on inner city economies, ICIC provides businesses, governments, and investors with the most comprehensive and actionable information in the field about urban market opportunities. The organization supports urban businesses through the Inner City 100, Inner City Capital Connections, and the Goldman Sachs 10,000 Small Businesses programs. Learn more at www.icic.org or @icicorg.
For additional information on this story, please contact Traci Warren