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STRATEGY

The Inner City 100 Almanac

A statistical look at 2000's Inner City 100 companies and the CEOs who run them.
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At a glance: The Inner City 100 CEOs and the companies they keep
Our special Inner City 100 area has details on all the companies on the list.

The CEOs

Vital Stats
Average age of CEO 45
Average age at time
of company's founding
32
Average annual
compensation
$231,994
Median annual
compensation
$150,000
Average noncash
compensation
$70,505
Median noncash
compensation
$10,000
Highest Level of Education
High school 16%
Two-year college 12%
Four-year college 42%
M.B.A. 19%
Other master's degree 6%
M.B.A. plus other
master's degree
1%
Doctorate 3%

Note: Out of respondents. Doesn't add up
to 100% because of rounding.

Ethnicity
Caucasian 76%
Black / African American 12%
Hispanic 6%
Asian / Pacific Islander 5%
American Indian 1%

Note: Out of respondents

Economic Background of Family
Middle class 58%
Working class 26%
Poor 9%
Affluent 7%

Equity
Average percentage of company owned by CEO: 69%

The Companies

Critical Numbers
Average five-year growth rate 742%
Average compound annual growth rate 50%
Average 1998 sales $12,227,579
Median 1998 sales $6,054,959
Collective 1998 sales $1.2 billion
Average number of employees 82
Median number of employees 51
Collective number of full-time jobs
in 1998
7,085
Collective number of full-time
jobs created in the past five years
4,293
Inner City 100 by Corporate Structure
S corporation 47%
C corporation 42%
Limited-liability company 7%
Partnership 3%
Inner City 100 by Sector
Service 50%
Manufacturing 31%
Distribution / wholesale 14%
Retail 5%
Inner City 100 by Industry
Business products and services 30%
Construction products and services 22%
Consumer goods 16%
High-tech products and services 12%
Other 20%

Location

Urban Flight: Reasons Why Companies Might Leave
Percentage of companies that cited:
Need for space 65%
Government incentives 38%
Crime 29%
High operating costs 29%
Labor 23%
Unions 14%
Transportation efficiency 11%
Environmental issues 11%
Other 6%
CEOs Rate Location
(As a place to do business)
Excellent 49%
Good 44%
Fair 6%
Very Poor 1%

Top Advantages
(As a place to do business, as cited by CEOs)
1. Access/transportation
2. Diversity of workforce
3. Access/proximity to customers

Top Disadvantages
(As a place to do business, as cited by CEOs)
1. Perception of crime
2. Cost of security systems/personnel
3. Actual crime

The Workers

Benefits for Full-Time Employees
Percentage of companies offering:
Health insurance 97%
Bonus plan 76%
Retirement plan 72%
Life insurance 66%
Profit sharing 54%
Tuition reimbursement 53%
Disability insurance 47%
Stock options 11%
Sabbaticals 6%
Ties with the Community
Percentage of companies at which more than 25% of total workforce resides in the inner city 68%
Percentage of companies at which more than 25% of managers reside in the inner city 28%
Pay
Average hourly wage of
rank-and-file employees
$12.82
Average starting salary of
nonhourly employees
$30,839
Hiring Headaches
Percentage of companies that had trouble recruiting:
Skilled labor 30%
Middle managers 20%
Senior managers 16%
Salespeople 16%
Technical/IT help 14%
Unskilled labor 7%
Customer-service reps 5%
Other 3%

The Money

Start-up Capital
Percentage of companies that had:
$1,000 to $10,000 36%
$10,000 to $20,000 14%
$20,000 to $50,000 18%
$50,000 to $100,000 10%
More than $100,000 22%
Revenue Sources
Percentage of companies citing:
Small to midsize
businesses
51%
Fortune 1,000 31%
Consumers 13%
Government 10%
Nonprofits 2%

The Future

The Road Ahead
Percentage of companies that are considering the following within two years:
Acquiring other companies 75%
Merging 30%
Selling 22%
Going public 11%
Participating in a roll-up 8%

Our special Inner City 100 area has details on all the companies on the list.


Please e-mail your comments to editors@inc.com.




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