Durante Rentals named to the 2015 Inner City 100 list

Durante Rentals, Bronx, New York, has announced it has been named to the 2015 Inner City 100, a list of the fastest-growing inner city businesses in the U.S., by the Initiative for a Competitive Inner City (ICIC) and Fortune Magazine. The company says the Inner City 100 program recognizes Durante Rentals as a successful inner city business and a role model for entrepreneurship, innovative business practices and job creation in America’s urban communities.

In 2015, companies recognized among the Inner City 100 program were ranked by revenue growth over the five-year period between 2010 and 2014. Durante Rentals ranked 33rd overall on the list of 100 with a five-year growth rate of 319 percent, according to the company.

“We are extremely honored to have made this prestigious list,” says Durante Rentals President John Durante. “Awards and accolades aside, we are genuinely proud to be helping our local citizens create better prospects for themselves, their families and the communities where they reside.”

The rankings for each company were announced at the Inner City 100 Conference and Awards at the John F. Kennedy Presidential Library and Museum in Boston. Winners gathered prior to the award celebration for a full day business symposium featuring management case studies from Harvard Business School professors and interactive sessions with top CEOs.

In the last 17 years, more than 800 companies have earned positions on the Inner City 100 list. Durante Rentals says it joins other successful winners including Pandora, JP Licks and Angie’s List. The full list can be viewed on Fortune’s website here.

The 2015 Inner City 100 winners represent a wide span of geography, hailing from 45 cities and 23 states. Collectively, the winners employ 6,168 workers and have created 3,755 new jobs in the last five years. On average, over a third of their employees live in the same neighborhood as the company.

Founded in 2009 by three entrepreneurs, Durante Rentals provides construction equipment and tool rentals in the New York tristate area. The company offers excavators, skid steers, light towers, generators, compressors, forklifts, air tools, boom lifts and other equipment for rent. Durante Rentals has four locations, serving the five boroughs of New York City, as well as Westchester, Rockland County, Connecticut and New Jersey.

The ICIC says it defines inner cities as core urban areas with higher unemployment and poverty rates and lower median incomes than their surrounding metropolitan statistical areas. Every year, ICIC identifies, ranks and spotlights the 100 fastest-growing businesses located in America’s inner cities.

ICIC is a national nonprofit founded in 1994 by Harvard Business School professor Michael E. Porter. Through private sector investment that leads to jobs, income and wealth creation for local residents, ICIC says its research on inner city economies provides businesses, governments and investors with comprehensive and actionable information in the field about urban market opportunities. The organization supports urban businesses through the Inner City 100, Inner City Capital Connections and the Goldman Sachs 10,000 Small Businesses programs.