Xantrion Inc., a leading provider of outsourced IT services for small and midsized companies in the San Francisco Bay Area, has been named to the 2011 Inner City 100 list recognizing the fastest-growing inner city businesses in America. Run by Initiative for a Competitive Inner City (ICIC) and Fortune Magazine, the Inner City 100 program recognizes successful inner city companies and their CEOs as role models for entrepreneurship, innovative business practices and job creation in America’s urban communities.
Xantrion’s portfolio of services range from cloud strategy development to computer network monitoring and maintenance. Their 24/7 help desk, fixed fees, Net Promoter Score of 74 and 99.95% average system availability make it a dependable partner for both one-time projects and ongoing IT support. The Inner City 100 list provides unmatched original data on the fastest growing inner-city businesses in the U.S. In the last 13 years, 661 different companies have earned positions on the Inner City 100, collectively generating more than $2.2 billion in annual revenues and creating nearly 70,000 new jobs.
For the 2011 list, a record number of two thousand nominations were received. Winners represent a wide span of geography, operating in 51 cities and 32 states. The 2011 Inner City 100 winners grew at a compound annual growth rate of 39 percent and an average standard growth rate of 379 percent between 2004 and 2009. Collectively, the top 100 inner city businesses employ 6,720 employees and have created more than 3,227 new jobs between 2005 and 2009.
“We are delighted to celebrate businesses like Xantrion that are playing a critical role in revitalizing America’s urban communities. Through their achievements, the Inner City 100 winning companies exemplify America’s remarkable potential and the future of our urban centers,” said Mary Kay Leonard, ICIC president and CEO.
Individually, the average Inner City 100 Company’s revenues were $11.4 million and have, on average, 12 years of experience since founding. This year’s winners have a median employee turnover rate of less than 12 percent (compared to 36 percent for the national average) and 96 percent of them provide health insurance to their workers.
The list is proof of concept that doing business in an inner city area holds a distinct competitive advantage. ICIC has been studying the economic condition of the largest 100 American cities for more than a decade and is working to revitalize inner cities across the country.