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NEW YORK, NY, January 05, 2023 /24-7PressRelease/ -- City Safe Partners, (https://citysafepartners.com/), a Harlem, NY-based elite security firm, has been named a winner of the 2022 Inner City 100 (IC100) awarded by the Initiative for a Competitive Inner City (ICIC). Led by CEO Soyini Chan-Shue, the company was ranked #15 – out of 100 businesses – based on its four-year revenue growth rate.
"I am extremely pleased that City Safe has been named to ICIC's Inner City 100," said Chan-Shue. "As its CEO, it is my mission to continue to scale and grow the company, regardless of the pandemic and any other negative economic or employment cycles. Our success is based on strategic thinking, financial acumen, a dedicated and loyal staff, and a consistently expanding client base."
Steve Grossman, CEO of ICIC, stated, "Businesses continue to contend with profound socioeconomic issues that have severely tested their ability to emerge stronger. The global pandemic, inflation, severe workforce limitations, and supply chain issues continually impact small business owners. Yet despite this challenging outlook, the Inner City 100 class of 2022 prevailed and stayed open for business. We couldn't be prouder of these heroes whose energy and optimism inspire us every day." Since 1999, ICIC has identified and celebrated the 100 fastest-growing businesses in under-resourced communities in the United States.
The 2022 Inner City 100 companies averaged 421% revenue growth and created 4,011 total jobs. Of these 100 winners, 50% are BIPOC-owned/led, and 50% are woman-owned/led, the latter of which is a record high-number in the program's 24-year history.
Recognition and Growth for City Safe Partners
ICIC's acknowledgment caps an impressive year of growth and success for City Safe. The company was recognized by the Women's Presidents Organization and JP Morgan Chase as one of the country's 50 fastest-growing women-owned/led companies, and by the U.S. Small Business Administration (SBA) as a Woman Small Business Champion of the Year and a certified member of their HubZone Program. Chan-Shue also became a Platinum Member of WPO, which is a collective of over 2,000 entrepreneurs across 10 countries. WPO Platinum memberships are open to women whose companies gross over $10 million annually.
In 2022, City Safe expanded its tactical and administrative headcounts by approximately 25%, signed clients in the transportation and public housing sectors, expanded into Texas, Georgia, and New Jersey, created and managed a training program for a major airline, and is opening a new training center adjacent to its flagship 135th Street location.
"City Safe's future is bright," remarked Ms. Chan-Shue. "I'm grateful to ICIC, WPO, and, most importantly, to the hard-working and dedicated City Safe employees who come to work every day ready and willing to always put their best efforts forward."
Recognizing that concentrated poverty exists within metropolitan areas outside of big cities (and that poverty overall is suburbanizing), ICIC has revised its definition of an inner city (or under-resourced area) to encompass large areas of concentrated poverty in suburbs and smaller central cities as well as the large cities on which it has historically focused. The new "inner city" definition that ICIC has developed includes large low-income, high-poverty areas located in the urban and suburban parts of all but the smallest metropolitan areas. Every year, ICIC identifies, ranks, and awards the 100 fastest-growing businesses located in America's under-resourced communities. In 2022, companies were selected and ranked by revenue growth over the four-year period between 2017 and 2021.
About Initiative for a Competitive Inner City (ICIC)
Initiative for a Competitive Inner City (ICIC) was founded by renowned Harvard Business School Professor Michael Porter in 1994 as a research and strategy organization that today is widely recognized as the preeminent authority on the economies of under-resourced communities. ICIC drives inclusive economic prosperity in under-resourced communities through innovative research and programs to create jobs, income, and wealth for local residents. Learn more at www.icic.org or @icicorg.
About City Safe Partners
Led by Soyini Chan-Shue, a retired decorated law enforcement officer, City Safe Partners (https://citysafepartners.com/) leverages a combined 95-years of law enforcement and security experience to provide unarmed and armed security professionals to protect government, residential, transportation, and commercial clients and sites.
City Safe holds 14 certifications, including: African American Business Enterprise (AABE); Small Disadvantaged Business (SDB); Women's Business Enterprise (WBE); HubZone Program Member; and Woman Owned Small Business (WOSB).
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