April 27, 2001
Elliance, a Pittsburgh-based eBusiness and web marketing firm serving advertising agencies and their clients, has been named by Inc. Magazine as one of the fastest-growing companies located in America’s inner cities. Elliance was ranked 74th on the list with a five-year sales growth rate of 213 percent and a compound annual growth rate of 33 percent.
The Inner City 100 is a joint project of Inc. Magazine and the Initiative for a Competitive Inner City (ICIC), a non-profit organization founded in 1995 by Harvard professor Michael E. Porter. The list will be published in the May issue of Inc. Magazine which is read every month by 2.2 million business readers. This award places Elliance among a select group of America’s most promising businesses that are frontrunners in the new economy.
The Inner City 100 celebrates business leaders who had the incredible foresight to build vital companies in America’s inner cities. According to Elliance President & CEO Abu Noaman, “I established Elliance in Pittsburgh for very strategic reasons. The city of Pittsburgh is a thriving business community and is home to seven FORTUNE 500 companies. We also have the ability to attract talent from some of the top universities within the nation. In fact my alma mater, Carnegie Mellon University is recognized as one of the best technical universities in the world. Elliance looks forward to increased growth and prosperity within the city of Pittsburgh for years to come.”
Eligible companies are ranked according to their five-year sales growth. The 2000 Inner City 100 is ranked according to company growth rates between the fiscal years 1995 and 1999. Neither profitability nor number of employees enters into the equation.
In order to qualify for the 2001 Inner City list, a company must have met the following criteria:
For-profit corporation, partnership or proprietorship
Headquartered in the inner city or have 51 percent or more of physical operations in the inner city
Employ 10 or more employees at year-end 1999
Have a five-year operating sales history that includes at least $50,000 sales revenue in 1995 an increase in 1999 sales over 1998 sales, and sales of at least $1 million in 1999.
Holding companies, regulated banks and utilities are not eligible for the list.
The companies are ranked based on the percentage of increase in the companies' gross revenues between 1995 and 1999.
Elliance provides clients and agencies with strategic eBusiness solutions and Internet technology designed to build business online. Elliance partners with agencies to provide their clients with a multitude of eBusiness solutions ranging from eCommerce and website development to digital marketing and integration programming.