News > Press Releases > Current

Press Release - June 2003

City Lights Electrical Named One of America’s Fastest-Growing Inner City Companies

Boston, MA-City Lights Electrical has been named as one of the 100 Fastest-Growing Inner City Private Companies in the nation by Inc. magazine and the Initiative for a Competitive Inner City; coming in at number 87. With $17 million in 2002 revenue and over $40 million estimated in the fiscal year 2003, City Lights has shown a standard growth of 151%.

This year the ICIC received 5,000 nominations for the Inner City Top 100 List. To qualify for this years list, a company had to: be independently owned, for-profit corporation or proprietorship; headquartered in or have 51% or more of its physical operations in economically distressed urban areas; have 10 or more employees in 2001; and have a five-year operating sales history that included at least six months of revenues in 1997, sales of at least $150,000 in 1997, an increase in 2001 sales over 2000 sales, and 2001 sales of at lease $1,000,000.

Congratulations to Maryanne Cataldo for constructing City Lights Electrical Co., Inc. into one of the fastest growing inner city based companies in the country today.

The ICIC is a national, non-profit organization founded in 1994 by Harvard Business School Professor Michael Porter. The ICIC tries to emphasize that local businesses, corporations, government, and community-based organizations all play a crucial role in creating a dynamic inner-city business environment.