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Back to Press Archive Inner City 100
In 1999, ICIC and Inc. Magazine began publishing the Inner City 100 (IC 100), a list of the 100 fastest-growing companies located in low-income urban neighborhoods. Each year, the number of applicants and the quality of the winners have become more impressive, convincing even hardened skeptics of the business advantages of inner-city locations.
Inc. Magazine  April 23, 2003 American Apparel was honored in the May issue of Inc. Magazine as a winner in the Inner City Top 100 list, a compilation of urban businesses chosen for their economic success in a time when most companies location — are struggling. We're proud of our downtown L.A. location and this recognition of our achievements. 2003 Winners Summary Ranked #75. American Apparel Los Angeles, CA Ever heard of free massages in a workplace benefits package? Well Dov Charney, CEO of American Apparel, a LA-based manufacturer of "sweatshop-free" clothing thinks it's natural remuneration for hard-working sewing hands. The idea of giving employees what they need to do the job well — and enjoy it — is Charney's no-sweat solution to retaining a good workforce. Charney's adds a political vision to his business plan by speaking out about labor rights and making impactful documentaries. He also makes T-shirts like Starbucks makes coffee. The New Yorker, Financial Times, Time and PBS have all taken notice of the American-branded T-shirt maker with a "big-mouth and an even bigger heart." Major Business Description: Manufactures apparel 2001 Revenues: $21,000,000 CAGR: 31.61 Five-year growth: 200 Full-time/Part-time employees: 750/0 [As of April 2004, American Apparel has 1,500 employees] Website: www.americanapparel.net |
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