More companies tap location, location, location of inner cities
Wednesday, September 1, 2004 at 11:59PM
TheSpook
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 
]
Article originally appeared on (http://brownwatch.com/).
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