IMG Named to Inner City 100 for a Third Time
May 21, 2009
Press release announcing IMG named for the third time to the ICIC inner city 100 list
(INDIANAPOLIS – May 21, 2009) - International Medical Group®, Inc. (IMG®), a worldwide leader in designing, distributing and administering global health care benefits, has been named to the 2009 Inner City 100, a list of the fastest growing inner-city companies in America as determined by the Initiative for a Competitive Inner City (ICIC) and BusinessWeek SmallBiz magazine. IMG placed 72nd on the list based on its sustained growth and innovative business practices. This is the eleventh year the list has been published and more than 5,000 nominations were received. IMG was also named to the list in 2004 and 2006.
“It’s a tremendous honor to be included among these companies once again,” said Joseph Brougher, President of IMG. “We are proud to be part of this prestigious group that has maintained a steadfast commitment to the urban areas of our country.”
Over 11 years, the Inner City 100 has spotlighted thousands of thriving urban businesses that are serving regional, national and international markets; generating valuable new jobs; and making an incalculable difference in their communities. The 2009 Inner City 100 winners grew at a compound annual growth rate of 40 percent and an average rate of 324 percent between 2003 and 2007. Collectively, the top 100 inner city businesses have employed nearly 17,000 people and created nearly 10,000 new jobs over the past five years.
Fifty-three percent of the companies on the list expect steady growth, 11 percent expect their revenues to double, six percent expect their revenues to triple, and only a mere four percent expect their revenues to decline in 2009. Individually, the average Inner City 100 Company’s revenues were $23 million.
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