More companies tap location, location, location of inner cities

The ICIC, a non-profit established by Harvard professor Michael Porter, identified 800 ZIP codes in the 100 largest cities where unemployment and poverty were at least 50% higher than in the surrounding area. In those distressed neighborhoods were 364 companies that grew an average 866% in the five years ending in 2002, to average $17 million in annual revenue. So much for the inner city's image as a business badlands. [more ]