The Initiative for a Competitive Inner City (ICIC) and FORTUNE have announced that Windle Mechanical Solutions Inc was selected 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 entrepreneurship, innovative business practices and job creation in America's 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 honored on the Inner City 100 list published in FORTUNE.
Windle Mechanical Solutions ranked 93 overall on the list of 100. Windle - a machined component part and assembly manufacturer specializing in engineered machined products for a variety of market segments including aerospace, oil and gas, bio-pharma and power - reported a five-year growth rate of 89% from 2010 to 2014.
"The recognition by ICIC and FORTUNE is a testament to the team at Windle, and our focus on customer service - which has enabled our growth," said Windle Mechanical Solutions Inc. CEO Pete Windle. "We routinely deliver turnaround times in days, and we collaborate with customers frequently to solve their more challenging machining and assembly problems. We are also committed to technical innovation, and we continually invest in cutting-edge equipment and investigate enhanced processes to augment the speed and quality we can deliver to our customers."
"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 in our inner cities."
The rankings for each company were announced at the Inner City 100 Conference and Awards 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. Keynote speakers included Governor Charlie Baker, Harvard Business School Professor and ICIC Founder and Chairman Michael E. Porter, University of Massachusetts Boston Chancellor J. Keith Motley, Boston Beer Chairman and Co-Founder Jim Koch, Hill Holliday CEO Karen Kaplan and Uber East Coast General Manager Meghan Verena Joyce.
The Inner City 100 list provides insight into the impact that entrepreneurship can have on underserved communities. In the last 17 years, over 800 companies have earned positions on the Inner City 100 list, and alumni include Pandora, JP Licks and Angie's List. Chevron Corporation and Staples, Inc. are long-time sponsors of ICIC and the program.
With an average five-year growth rate of 378% between 2010 and 2014, 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, over a third of their employees live in the same neighborhood as the company.
Highlights of the 2015 Inner City 100 include:
- Created 3,755 new jobs in the last five years
- Average company age is 15 years
- Average 2014 revenue is $12 million
- 25% have female CEOs
- 40% have a minority CEO
- 12% of the winners are certified veteran-owned.
For more information contact:
Windle Mechanical Solutions Inc.
6601 Marsden Street
Philadelphia, PA 19135
215-624-8600
www.windlemechanical.com
Initiative for a Competitive Inner City
56 Warren Street, Suite 300
Roxbury, MA 0219
617-238-1740
info@icic.org
www.icic.org