Raining Rose Inc. Among ICIC and Fortune’s Inner City 100 Winners
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The Initiative for Competitive Inner City (ICIC) and Fortune have selected Cedar Rapids, Iowa-based Raining Rose Inc. for the 2015 Inner City 100, a list of the fastest-growing inner city businesses in the U.S.
ICIC’s Inner City 100 program recognizes successful inner city businesses and their CEOs as role models for innovative business practices and job creation in urban communities. Each year, ICIC works with a national network of nominating partners to identify, rank and spotlight rapidly growing urban businesses, and the top 100—determined by revenue growth—are published in the Inner City 100 in Fortune. The list provides insight into the impact that entrepreneurship can have on underserved communities.
Raining Rose Inc. ranked 43rd overall on this year’s list, reporting 2014 revenues of $38.53 million and a five-year growth rate of 220 percent from 2010 to 2014.
“These entrepreneurs are strong community leaders and industry game changers,” ICIC CEO Steve Grossman said of the 2015 Inner City 100 winners. “Their businesses are critical drivers of economic development and job creation. Together, they demonstrate the competitive advantages of doing business with our inner cities.”
The rankings for each company were announced at the Inner City 100 Conference and Awards on Oct. 7 at the John F. Kennedy Presidential Library and Museum in Boston. 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 2015 Inner City 100 winners represent a wide span of geography, hailing from 45 cities and 23 states. Collectively, the winners employ 6,168 people and, on average, more than a third of their employees live in the same neighborhood as the company.
For more information on Raining Rose Inc., visit www.rainingrose.com.