Sabre88, LLC Breaks Into Top 15 Among ICIC and Fortuneâ€™s Inner City 100 Winners
Annual ranking showcases the fastest-growing urban businesses in America
For the third time in as many years The Initiative for a Competitive Inner City (ICIC) and Fortune have announced that Sabre88 has been selected for its prestigious 2016 Inner City 100 list. This recognition places Sabre88 in an exemplary lineage of nearly 900 fast-growing and innovative inner city businesses.
Sabre88 ranked 14 overall on the list of 100. Sabre88, which provides consulting services to the federal government, reported 2015 revenues of 2.7 million and a five-year growth rate of 731 percent from 2011-2015. Â “We are delighted to earn a spot on the list of fastest growing inner city businesses. Â It is a testament to the hard work and dedication of the Sabre88 team serving our government customers each day.” Â stated CEO Robert Cottingham.
ICICâ€™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 companiesâ€™ innovative urban entrepreneurship. Ranked by revenue growth, the esteemed recipients go on to have their names published in Fortune.
The list can be viewed on the Fortune website here.
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. Keynote speakers at this yearâ€™s event included Interim CEO of Staples Shira Goodman, Chairman and CEO of Pinnacle Group and Inner City 100 alumnus Nina Vaca, and Harvard Business School Professor and ICIC Founder and Chairman Michael E. Porter.Â Other speakers included Corey Thomas, CEO of Rapid 7, Loren Feldman of Forbes, Lynda Applegate and Amy Edmondson from Harvard Business School,Â John Stuart of PTC, Robert Wallace, CEO of Bithenergy, and Brook Colangelo of Houghton Mifflin Harcourt.
â€œWe are extraordinarily proud of these pioneering entrepreneurs who lead the way in economic revitalization in Americaâ€™s inner cities,â€ says Steve Grossman, CEO of ICIC, of the list of 100.
The Inner City 100 program recognizes and supports successful inner city business leaders, and celebrates their role in providing innovation and job creation in Americaâ€™s cities. These companies strengthen local American economies, provide job opportunities for underrepresented communities, and drive forward economic and social development.
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.
Highlights of the 2016 Inner City 100 include:
- Employ 7,324 workers total in 2015.
- Created 4,696 new jobs in the last five years.
- On average, 34% of employees live in same neighborhood as the company.
- Average company age is 16 years.
- Average 2015 revenue is $12.2 million.
- 34% are women-owned.
- 37% are minority-owned.
- 6% of the winners are certified B-Corps.
- 26 industries represented in the top 100.
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Company description:Â 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 firmâ€™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.
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 Americaâ€™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 andÂ the Goldman Sachs 10,000 Small BusinessesÂ programs. Learn more atÂ www.icic.orgÂ orÂ @icicorg.
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Matt Camp, ICIC