Report: Atlanta has America's 5th fastest-growing inner city business

Atlanta is home to some of the country’s fastest growing businesses, according to a new report.

Credit: John Spink

Credit: John Spink

Atlanta is home to some of the country’s fastest growing businesses, according to a new report.

Two Atlanta-based companies were included on a list that ranks the fastest-growing inner city businesses in America by revenue growth.

Caduceus Healthcare and The Royster Group were included on the 2017 Inner City 100 list, as announced by the Initiative for a Competitive Inner City and Fortune last week.

Companies were ranked by revenue growth over the five-year period between 2012 and 2016.

Medical staffing firm Caduceus Healthcare came in at #5 on the list. Its five-year growth rate was 814.35 percent, according to a news release. Its 2016 revenue was reportedly $34,089,367.

Caduceus is headquartered in downtown Atlanta and regularly recruits interns from Georgia State University, Fortune said. It is owned by Carlos Lopez, who spent 20 years in the U.S. Marines.

The Royster Group, an executive search firm specializing in recruiting women and people of color for leadership roles, was ranked at #95. The company's revenue was $14,729,680 in 2016, and its five-year growth rate was 60.79 percent, the statement said.

President and CEO Ken Taunton is a former recruiting manager and executive search consultant, according to Fortune.  The Royster Group helped conduct a nationwide search for the president of county development agency Decide DeKalb in 2015.

ICIC defines inner cities as core urban areas with higher unemployment and poverty rates and lower median incomes than their surrounding metropolitan areas.

The list was audited by the independent accounting firm Rucci, Bardaro, and Falzone, PC., according to the press release.

Like Intown Atlanta News Now on Facebook | Follow us on Twitter

In the news:

Some restaurant owners say allowing it could boost business.