May 10, 2012
-- NASHVILLE, Tenn. – The Initiative for a Competitive Inner City (ICIC) and Fortune
magazine announced today that Concept Technology, Inc. has been named to the 2012 Inner City 100, a list of the fastest-growing inner city companies in America. Concept Technology ranked 53rd on the list.
To be considered for the Inner City 100, a majority of a company’s operations must be located in an economically distressed urban area, which is defined as having 50 percent or higher unemployment, 50 percent or higher poverty and 50 percent or lower median income than the metropolitan statistical area. Businesses must also have at least 10 full-time employees, a five-year operating sales history and current revenues of at least $1 million.
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