Local Pizzeria Tutta Bella ranks the 100 fastest-growing inner city businesses in America
Here is the information from the press release:
Neapolitan Pizzeria Among the 13th Annual ICIC and Fortune Magazine’s Inner City 100 Winners
Annual ICIC Inner City 100 ranks the 100 fastest-growing inner city businesses in America
Seattle, Washington — Tutta Bella Neapolitan Pizzeria achieved a place on the 2011 Inner City 100, a ranking of the fastest-growing inner city businesses located in America’s inner cities, as selected by Fortune magazine and the Initiative for a Competitive Inner City (ICIC). The ICIC 100 recognizes the fastest growing urban companies through a program developed 13 years ago to highlight the importance of creating healthy inner city economies in order to develop strong communities. Tutta Bella received a #43 ranking and was the highest ranking restaurant.
“We are excited to see Tutta Bella recognized as a catalyst for growth in Columbia City, which the U.S. Census Bureau has designated as one of the most diverse zip code in the country”, says founder Joe Fugere. “With 59 languages spoken in the 98118 area, we have worked hard to embrace that diversity and create a neighborhood living room – a place to gather, share stories, celebrate milestones and hang out with friends and family.”
Since opening its flagship Columbia City restaurant in 2004, the business has expanded to four Seattle area locations (Stone Way, South Lake Union and Issaquah) with 180 employees and generated nearly ten million dollars in revenues for 2010. Deeply involved in revitalizing the historic Columbia City district, Fugere points out that it is now a vibrant community, buzzing with activity. His vision has always been one of impacting positively the environment and the neighborhood in which each Tutta Bella operates.
This year’s Inner City 100 was chosen from more than 2,000 solicited nominations and also included such companies as Pandora Internet Radio and Angie’s List. ICIC uses data to prove that not only can companies thrive in inner cities, but there are competitive advantages of doing business there with astonishing results. From 1999 – 2010, the 607 Inner City 100 companies that have made the list are responsible for creating almost 72,000 new jobs, employing nearly 100,000 people (of which 40 percent are inner-city residents), having an average compound annual growth rate of 50% and generating approximately $2.3 billion in total sales per year.
The program is led by some of today’s most creative entrepreneurs and sponsors such as Bank of America, Chevron, The Staples Foundation for Learning and Goldman Sachs. Tutta Bella founder Joe Fugere joined other Inner City 100 business owners at a summit in Boston for a two-day event featuring seminars for the company CEOs at Harvard Business School, where they participated in a lecture and case study analysis presented by two Harvard Business School professors, Deepak Malhotra and Linda Hill, as well as a gala awards dinner that historically draws more than 700 guests. With success that has inspired political and business leaders, academics and the media, the Inner City 100 has become a national movement.
For a complete listing of the ICIC 100 fastest-growing inner city businesses in America, please visit http://www.fortune.com/innercity100. Fortune magazine will also cover the award in their June 2011 issue.
Tutta Bella was the Northwest’s first Vera Pizza Napoletana (VPN) certified Neapolitan pizzeria and as such is held accountable to the Association’s high culinary standards. The company has four locations: Columbia City, Issaquah, Stone Way and Westlake. Tutta Bella has been honored with the Nation’s Restaurant News “Hot Concepts” award, the Washington State Restaurant Association’s “Full Service Operator of the Year” award, two Waterford Crystal Beverage Awards, Pizza Today’s “Independent Pizzeria of the Year”, GSBA “Business of the Year” award, and the national “ICIC Inner City 100” award . For more information, please visit http://www.tuttabella.com.