Brad Peterson, President and CEO of Level 3 Audiovisual, at the 2014 Inner City 100 awards ceremony.
The Initiative for a Competitive Inner City (ICIC) and Fortune magazine have selected Level 3 Audiovisual and its healthcare division, Level 3 Healthcare for the 2014 Inner City 100, a list of the fastest-growing inner city businesses in the US. Arizona-based Level 3 Audiovisual specializes in the design, integration, consultation and installation of professional audiovisual and videoconference systems.
The 16-year-old Inner City 100 program recognizes successful inner city businesses and their CEOs as role models for entrepreneurship, innovative business practices and job creation in America’s urban communities. Applicants were ranked according to revenue growth against their industry peers, as well as other criteria. Level 3 Audiovisual ranked 5th in the Healthcare and Biotechnology industry category and 62nd on the overall list of 100. The company reported 2013 revenues of $9.44 million and a gross growth rate of 200% from 2009 to 2013.
The 2014 Inner City 100 winners represent a wide span of geography, hailing from 53 cities and 23 states. The winners grew at an average compound annual growth rate of 39% and an average gross growth rate of 336% between 2009 and 2013. Collectively, the top 100 inner city businesses employ 8276 people and have created 5119 new jobs between 2009 and 2013.
“It’s important to recognize businesses like Level 3 Audiovisual that are truly driving economic growth and job creation and America’s urban cores,” said Matt Camp, ICIC President. “We believe that inner cities hold unique competitive advantages for business and the success of these firms underscores that market opportunity.”