Raining Rose Named An Inner City 100 Winner
Supplier Raining Rose, Inc. (UPIC: Raini224) in Cedar Rapids, Iowa, has been recognized by the Initiative for a Competitive Inner City (ICIC) and Fortune magazine on its Inner City 100, a list compiled annually that features businesses with headquarters in inner cities that have shown significant five-year sales growth. With a combined growth rate of 153 percent from 2011-2015, Raining Rose ranked No. 81 among this year’s national best.
This 2016 recognition marks the 10th time Raining Rose has been honored by ICIC and Fortune on the Inner City 100 list, which in turn marks only the second time in ICIC’s history of 18 years that a business has made the list for a decade.
“It’s incredible to be part of a company that continues to succeed, especially when an honor like this shows our consistency even through challenges. A key thing we’ve done right is hire really great people who’ve helped create our dynamic culture that fuels our passion for what we do,” says Chuck Hammond, CEO of Raining Rose.
Each company is selected by ICIC with help from a national network of nominating partners who seek to identify and further inspire the chosen companies’ innovative entrepreneurship. The 2016 rankings were announced at the Inner City 100 Conference and Awards Ceremony on September 14 at the Aloft Hotel in Boston, Massachusetts.
This year’s Inner City 100 winners represent a wide span of geography, hailing from 42 cities and 25 states. Collectively, the winners employed 7,324 people in 2015 and have created 4,696 new jobs in the last five years.
“We are extraordinarily proud of these pioneering entrepreneurs who lead the way in economic revitalization in America’s inner cities,” adds Steve Grossman, CEO of ICIC.
The full list can be found at www.fortune.com/inner-city-100, and Fortune’s feature article of Raining Rose is found at www.fortune.com/2016/09/15/raining-rose-inner-city.