Yard Dawgz Owner, Phil Miller, Awarded 2010 Inner City Company
July 1, 2010 - Arena Football League (AFL)
Oklahoma City Yard Dawgz News Release
BOSTON, MA - Initiative for a Competitive Inner City (ICIC) and Bloomberg BusinessWeek released the 2010 Inner City 100 list of the fastest-growing inner city companies in the U.S. and Oklahoma City's Long Wave Inc. ranked 33 on this year's list. This is the seventh year Long Wave has been listed as an Inner City 100 winner. The Inner City 100 program recognizes successful inner city companies and their CEO's as role models for entrepreneurship, innovative business practices and job creation in America's urban communities.
The Inner City 100 list provides unmatched original data on the fastest growing inner-city businesses in the U.S. In the last 12 years, 607 different companies have earned positions on the Inner City 100, collectively generating more than $27.2 billion in revenues and creating nearly 72,000 new jobs. For the 2010 list, a record number of nominations were received. Winners represent a wide span of geography, operating in 58 cities and 34 states. The 2010 Inner City 100 winners grew at a compound annual growth rate of 37 percent and an average standard growth rate of 340 percent between 2003 and 2008. Collectively, the top 100 inner city businesses employ 10,700 employees and have created more than 6,300 new jobs between 2004 and 2008.
Long Wave Inc., a privately owned small business and government contractor established in 1995, specializing in military communications and technologies. Long Wave is a leader in software, engineering products, services and solutions for a diverse range of customers and is a 7 time Inc.500/5000 Fastest Growing Private Companies award winner as well as a member of the Inner City 100 Hall of Fame.
"We are delighted to celebrate businesses like Long Wave Inc. that are playing a critical role in revitalizing America's urban communities. Through their achievements, the Inner City 100 winning companies exemplify America's remarkable potential and the road to future economic recovery," Mary Kay Leonard, ICIC president and CEO.
The list is proof of concept that doing business in an inner city area holds a distinct competitive advantage. ICIC has been studying the economic condition of the largest 100 American cities for more than a decade and is working to revitalize inner cities across the country.
"We are extremely pleased that Long Wave Inc. has been chosen as a part of the Inner City 100 for the last seven years running. No other Oklahoma based company has been honored as an ICIC Inner City 100 as many times. This is an accomplishment we are proud of", states Phillip Miller, President, Long Wave Inc. Mr Miller also owns the OKC Yard Dawgz of the Arena Football League along with Docsoft a custom software development firm. "We are proud to be a part of Oklahoma City's strong and growing economy and look forward to continued growth in the years to come".
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Notes:
To qualify for the Inner City 100 list, companies were required to have at least 51 percent of their operations located in an economically distressed urban area; have at least 10 full-time employees; and a five-year operating sales history that includes at least $200,000 in revenues in the first year of consideration, an increase in year five sales over year four sales, and fifth-year sales of at least $1 million. For the 2010 list, ICIC looked at total revenue growth from 2004 to 2008, and the specific rankings were based on these growth rates. An economically distressed urban area is defined by ICIC as having a 50 percent higher unemployment level, 50 percent higher poverty level, and 50 percent lower median income than the metropolitan statistical area.
Inner City 100 Sponsors: Bank of America, Chevron Corporation, Goldman Sachs and Staples Foundation for Learning.
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