Ace Exhibits Recognized as Top 100 Fastest-Growing Company in Los Angeles
LOS ANGELES, CA., November 13, 2013 - For the third-straight year Los Angeles-based Ace Exhibits a leading manufacturer in trade show displays, has been recognized on the 2013 “100 Fastest- Growing Private Companies” list by the Los Angeles Business Journal. The company moved up 17 spots from 99 the previous year to 82 this year. Being recognized in Los Angeles County is a notable accomplishment in an area that boasts more than 240,000 businesses and is the nation’s top trade and manufacturing center. Those recognized on the list were awarded the recognition based on revenue growth.
From 2011 to 2012, Ace Exhibits increased its revenue growth by 28 percent from $5.6 million to $7.8 million. Steady and consistent growth can largely be attributed to bringing all manufacturing of print products in-house to ensure better quality control and to generate faster lead times. Having a staff of 43 employees that are truly adaptable to change has also been a key attribute of Ace Exhibits’ strong growth rate.
The Los Angeles Business Journal generates many business-focused Lists, providing data and statistics on top-ranked Los Angeles companies across all industries. Visit http://www.labusinessjournal.com/lalists/ to learn more about their lists.
About Ace Exhibits, Inc.
Ace Exhibits is a leading manufacturer and retailer of trade show display products. Ace Exhibits sells to both retail and distribution channels, offering a wide range of trade show products from simple pop-up displays to elaborate display packages with graphics. Ace Exhibits also offers portable systems, banner stands, podiums, chairs, detachable graphics, design and more. Connect with Ace Exhibits through Facebook, Twitter, LinkedIn and Google+.
About Initiative for a Competitive Inner City (ICIC)
ICIC is a non-profit research and strategy organization and the leading authority on U.S. inner city economies and the businesses that thrive there. Founded in 1994 by Harvard Business School Professor Michael Porter, ICIC expands inner city economies by providing businesses, governments and investors with the most comprehensive and actionable information in the field about urban market opportunities. ICIC's unique knowledge and expertise about inner city success factors and thriving companies is developed from specialized urban networks and path-breaking research.
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 2013 list, ICIC looked at total revenue growth from 2007 to 2011 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:
Chevron Corporation, Goldman Sachs 10,000 Small Businesses, and Staples Inc.