ColorFX Makes the Inner City 100 List of Fastest-Growing Urban Businesses
BOSTON—June 2012—The Initiative for a Competitive Inner City (ICIC) and Fortune magazine announced that ColorFX Inc. (Sun Valley, CA) was ranked #94 on the 2012 Inner City 100, a list of the fastest-growing inner city companies in the United States. The Inner City 100 program recognizes successful inner-city companies and their CEOs as role models for entrepreneurship, innovative business practices and job creation in America’s urban communities.
The rankings for each company were announced at the Inner City 100 Awards on Wednesday, May 9, 2012, in Boston. Winners attended a two-day small-business symposium featuring executive education case studies and how-to workshops from leading content providers, including Harvard Business School, Babson College, Boston University, Next Street and R/GA.
ColorFX Printing and Packaging is a family-owned and operated printing enterprise located just north of Burbank. Its facility for wholesale trade printing consists of a 28,000-sq.ft. freestanding building that has been the company’s home for the past 17 years.
ColorFX offers that intangible extra—pride. Its staff is proud of being the latest generation of a centuries-old craft. The technologies we employ are the tools to achieve what has always been the goal of the true craftsman—sparkling quality in wholesale printing. It is this culture of excellence at ColorFX that causes each member of our staff to be proud of identifying themselves as a printer.
ColorFX is proud to announce the addition of the Xerox iGen4 digital color press to its line up as well!
The company has, as its foundation, a commitment to quality. This foundation—combined with the latest in production digital technology and state-of-the-art equipment—is what distinguishes ColorFX. Its customers have come to rely on these three dimensions of service, and in the process, have become heroes to their own trade customers and successful businesses.
To provide the most convenience to trade customers, the company has one of the most comprehensive and user-friendly custom websites. By simply logging on to www.colorfxweb.com and accessing MySpace, you have the ability to do the following:
- get free estimates including shipping,
- log of all your estimates,
- log of all your orders,
- have your own dedicated server space for files and data,
- upload any files from your dedicated server,
- preflight files
- approve jobs for printing,
- track your job’s progress,
- pay online with different payment methods.
We provide printing delivery services to all of our clients by request. We can also ship with UPS, Trucking and Air Cargo with Blind labeling and third party deliveries. ColorFX Printing and Packaging will continue to upgrade our existing facility and equipment to provide the highest quality of wholesale trade printing by utilizing the newest technology with Quick Turnaround Times and the Most Competitive Prices. Our goal is to earn your loyalty and to prove why our trade slogan is and always will be “Customer Service Is Our Priority.”
The Inner City 100 list provides unmatched original data on the fastest growing inner city businesses in the United States. In the last 14 years, 720 different companies have earned positions on the Inner City 100, collectively generating more than $2.2 billion in annual revenues and creating nearly 73,000 new jobs. Chevron Corporation, Staples and Goldman Sachs are long-time sponsors of the program.
For the 2012 list, winners represent a wide span of geography, operating in 46 cities and 30 states. The 2012 Inner City 100 winners grew at a compound annual growth rate of 40 percent and an average standard growth rate of 577 percent between 2006 and 2010.
Collectively, the top 100 inner city businesses employ 7,965 employees and have created more than 4,635 new jobs between 2006 and 2010. Not only are they powerful job creators in their communities, but they also treat their employees well—a stunning 93 precent of the list provide health insurance.
“We are delighted to celebrate businesses like ColorFX Inc. Sun Valley, California that are playing a critical role in revitalizing communities across the country. Through their achievements, the Inner City 100 winners exemplify America’s remarkable potential and the future of our urban centers,” said Mary Kay Leonard, ICIC president and CEO. “These extraordinary companies demonstrate the market potential that exists within our inner cities and the growth that is at the heart of all urban entrepreneurial successes.”
The list is proof of concept that doing business in an inner city area holds a distinct competitive advantage. ICIC has been studying the economic condition of the largest 100 American cities for more than a decade and is working to revitalize inner cities across the country.
Highlights of the 2012 Inner City 100 include:
• Employ 7,965 workers and have created 4,635 new jobs in the last five years.
• 25 percent are women-owned. Nationally, only 10% of companies with over $1 million in annual revenues are women-owned.
• Companies generated $15.3 million in revenues on average and $1.5 billion in the aggregate.
• 36 percent are minority-owned. Nationally, only 21 percent of all companies are headed by minorities.
• 40 percent of their workers are inner city residents.