Tucson, Arizona’s employee-owned and woman-led commercial real estate firm ranks #75 on Initiative for a Competitive Inner City’s annual Inner City 100 List.
On December 8th, Cushman & Wakefield | PICOR was named a winner of the 2022 Inner City 100 List (IC100) by Initiative for a Competitive City (ICIC) during their annual conference “Open for Business.” Since 1999, ICIC has identified and celebrated the 100 fastest-growing businesses in under-resourced communities in the United States through the Inner City 100 List. The 2022 IC100 Winners were evaluated based on revenue growth during the four-year period from 2017 – 2021. These companies experience rapid growth and actively engage in strengthening their communities by donating time and resources to local organizations.
During the Annual Conference, ICIC awarded C&W | PICOR as #75 on the IC100 List and said, “the company’s widespread community engagement efforts span economic development, social and youth services, arts, civic betterment, and literacy. Its team is encouraged to volunteer and serve civic and charitable organizations on company time. Additionally, it launched the PICOR Charitable Foundation in 1994. It exemplifies its community commitment by supporting at-risk youth through an annual Pancake Breakfast Fundraiser. This volunteer effort conducted by its team has raised over $1,245,000 since its inception. Because it corporately funds overhead costs, 100% of the proceeds are directly granted to youth-serving organizations.”
Steve Grossman, CEO of ICIC, stated, “businesses continue to contend with profound socioeconomic issues that have severely tested their ability to emerge stronger. The global pandemic, inflation, severe workforce limitations, and supply chain issues continually impact small business owners. Yet despite this challenging outlook, the Inner City 100 class of 2022 prevailed and stayed open for business.”
C&W | PICOR’s national ranking was earned through its revenue growth rate of 52.68%. The employee-owned commercial real estate services company was the only firm from Arizona to be ranked this year. Notably, the company was additionally recognized as a woman-led firm, a distinction owned by fifty percent of this year’s honorees. Barbi Reuter, C&W | PICOR CEO says, “I couldn’t be more thrilled to see the efforts of our 62 employees recognized across a whirlwind of unexpected challenges and opportunities in recent years. The work we do in commercial real estate supports job creators and contributes to a healthy economy. We are grateful for ICIC and their sponsors’ commitment to building communities of equity and prosperity.”
From 2017 to 2021, the 2022 Inner City 100 companies averaged 421% revenue growth and created 4,011 total jobs. Of these 100 winners, 50% are BIPOC-owned/led, and 50% are woman-owned/led, the latter of which is a record high-number in the program’s 24-year history.