Potential Leadership Changes for House and Senate Small Business Committees

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Representative Steve Chabot (R-OH) has emerged as the most likely candidate to replace representative Sam Graves as Chairman of the House Small Business Committee at the end of the year according to insiders. Graves will be stepping down in accordance with a mandatory 6 year term limit agreed upon by all House Republicans. Other potential candidates include Republican representatives: Scott Tipton (Colo.), Chris Collins (N.Y.) and Richard Hanna (N.Y.). All three currently serve as chair of one of the Small Business subcommittees. Representative Chabot, an 18 year veteran on the Hill, holds seniority over other Republicans on the committee, though. Additionally, he served as the panel’s ranking member before losing a reelection bid for Congress in 2008, a seat he won back two years later.

Chabot has spent much of his tenure as a proponent for fiscal conservatism, looking for ways to cut wasteful spending and lower taxes. He argues that, “the federal government must not continue to stifle growth with the threat of new taxes, burdensome regulations and other policies counterproductive to job creation.” In a number of ways, the potential Chabot agenda will pick up where Representative Graves left off.

Should Republicans take back the Senate, Senator James Risch (R-Idaho), would be the most likely choice to take the seat at the head of the Senate Small Business and Entrepreneurship Committee. Risch has backed legislation that would require regulators examine how new and existing federal rules affect small businesses, along with bills intended to expand access to capital for entrepreneurs. Last year, he introduced in the Senate the very same proposal to expand the Small Business Investment Companies program that Chabot proposed in the House.

www.smallbusiness.house.gov

www.sbc.senate.gov

Sabre88 Among ICIC and FORTUNE’ Inner City 100 Winners

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FOR IMMEDIATE RELEASE
October 17, 2014

Annual ranking showcases the 100 fastest-growing urban businesses in America.

Newark NJ – The Initiative for a Competitive Inner City (ICIC) and FORTUNE announced that Sabre88 was selected for the 2014 Inner City 100, a list of the fastest-growing inner city businesses in the U.S. This year, for the first time in the list’s 16-year history, the Inner City 100 consists of 10 fast-growing businesses from 10 industry categories. The 10 industry categories are: Construction; Manufacturing; Professional Services; Food and Beverage; Retail; Media and Communications; Software and Information Technology; Transportation and Logistics; Healthcare and Biotechnology; and Arts, Entertainment, and Recreation. Applicants ranked according to revenue growth against their industry peers, as well as overall.

Sabre88 ranked 5th in the software and information technology industry category and 32nd overall on the list of 100. The 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. Sabre88, a global consulting firm applying capabilities in financial services, billing support, FOIA, IT Help Desk Support, Data Entry and Document Scanning, reported a growth rate of 364.77 percent from 2009-2013.

The list of winners can be viewed at  http://fortune.com/inner-city-100/sabre88-32/

The rankings for each company were announced at the Inner City 100 Awards on Thursday, October 16, 2014 in Boston, Massachusetts. Preceding the Awards celebration, winners attended a two-day small business Symposium designed exclusively for urban firms featuring business management case studies presented by Harvard Business School professors and peer-to-peer learning sessions led by CEOs of fast-growing firms. Keynote speakers included Harvard Business School Professor and ICIC Founder and Chairman, Michael E. Porter; Honest Tea Founder and CEO, Seth Goldman; Rapid7 President and CEO, Corey Thomas; Communispace Chairman, Diane Hessan; and Launch Co-Founder and CEO, Ben Fischman.

The Inner City 100 list provides unmatched original data on the fastest-growing inner city businesses in the U.S. In the last 16 years, 805 unique companies have earned positions on the Inner City 100 list, representing 183 cities and 41 states. Chevron Corporation and Staples, Inc. are long-time sponsors of ICIC and the program.

The 2014 Inner City 100 winners represent a wide span of geography, hailing from 53 cities and 23 states. The winners grew at an average compound annual growth rate of 39 percent and an average gross growth rate of 336 percent between 2009 and 2013. Collectively, the top 100 inner city businesses employ 8,276 people and have created 5,119 new jobs between 2009 and 2013. Not only are the winners powerful job creators in their communities, they also help develop their employees 73% provide business skills training and 69% provide professional development training to all full-time employees.

“It’s important to recognize businesses like Sabre88 that are truly driving economic growth and job creation and America’s urban cores,” said Matt Camp, President, ICIC. “We believe that inner cities hold unique competitive advantages for business and the success of these firms underscores that market opportunity.”

Highlights of the 2014 Inner City 100 include:

  • Employ 8,276 workers (approximately 35% are inner city residents).

  • Created 5,119 new jobs in the last five years.
  • 25% have woman CEOs. Nationally, only 10% of companies with over $1 million in annual revenues are woman-owned.
  • 35% have a minority CEO. Nationally, only 21% of all companies are headed by minorities.
  • Average company age is 17 years.
  • 39% average compound annual growth rate.
  • Companies generated $42.2 million in 2013 revenues on average and $4.2 billion in the aggregate.

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To qualify for the Inner City 100 list, companies are required to be an independent, for-profit corporation, partnership or proprietorship that is not a public company, bank, or a holding company; headquartered in an economically distressed urban area; have at least 10 full-time employees; and a five-year operating sales history that includes at least $200,000 in revenues in the first year of consideration, an increase in year five sales over year four sales, and fifth-year sales of at least $1 million. For the 2014 list, ICIC looked at total revenue growth from 2009 to 2013 and the specific rankings were based on these growth rates. ICIC defines an inner city as an economically distressed urban area that has a poverty rate of 20% or higher, excluding currently enrolled undergraduate and graduate students; or a poverty rate of 1.5 times or more than that of the metropolitan statistical area (MSA) and a median household income of 50% or less than that of the MSA an or an unemployment rate of 1.5 times or more than that of the MSA.

 

Company description

Sabre88 is a global consulting firm applying capabilities in financial services, billing support, FOIA, IT Help Desk Support, Data Entry and Document Scanning to government and commercial clients. With more than twenty years of combined personnel experience offering strategic solutions, Sabre88 staff advance the firm’s mission to provide civilian and defense agencies of the government with the necessary tools to address emerging challenges. Sabre88 was formed in January of 2008, with a mission to serve both civilian and defense agencies of the federal government. The founder, Robert Cottingham, Jr., started the firm out of a government need for innovative small businesses which provide a 100% customer focused service.


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.

Contact:

Benjamin Bratton

(973)321-6939
bbratton@sabre88.com

Sabre88 to Conduct Research on Elderly Lifestyle and Habits

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Newark, NJ Global consulting firm Sabre88, LLC, has recently unveiled its plans to fund a research study examining the sexual habits, perceptions and views of adults 65 and older in the Newark, New Jersey area. The initiative arrives as the organization continues to expand its capabilities in the areas of financial analysis, acquisition support and now research and development.

Research will be spearheaded by Rider University’s Dr. Alison Thomas-Cottingham, a specialist in exploring and developing HIV interventions. Dr. Thomas-Cottingham has worked as a researcher at several organizations including Center for HIV/AIDS Educational Studies as a Project Director, National Pediatric AIDS Resource Center as a Child Psychology intern, University of Maryland, Department of Psychology as a research intern for Adolescent Pathways Project. She has been actively imparting knowledge at the Department of Psychology, Rider University, Department of Psychology, Montclair State University, Department of Psychology, and Binghamton University teaching several courses including Developmental Psychology, Statistics and Research Design and Race, Class and Gender in Contemporary American Society and Behavior modification.

The anticipated survey expects to reveal the nature of, common themes, and perceptions among sexually active adults over the age of 65. There is growing concern regarding the needs of a rapidly expanding elderly population, particularly in New Jersey one of the most elderly populated states in the nation. Dr. Thomas-Cottingham, in conjunction with Sabre88, hope to weigh in on the topic with new research in a seldom studied area.

“As we continue to grow we are excited to develop this partnership with local universities to examine this burgeoning and highly influential group,” said Robert Cottingham, Jr. Chairman and CEO of Sabre88. “We are excited to learn of the finding of this study and know that its impact will create long lasting change.”