The Initiative for a Competitive Inner City (ICIC), Roxbury, Massachusetts, recognized Memphis, Tennessee-based ER2 CEO Chris Ko and partner Rick Krug for being among the 100 fastest growing urban businesses. The event was Nov. 12-13 in Boston.
ER2 is headquartered in Memphis, Tennessee, and provides information technology asset disposition (ITAD) services.
According to Fortune magazine, ER2 was ranked 45th out of 100 companies based on its five-year growth rate of nearly 138 percent from 2014 to 2018. The company also placed in the top third for revenue.
ER2 was founded in 2011 and employs approximately 80 workers at its four facilities, with approximately 30 employees working out the Memphis facility and headquarters. In the past year, ER2 expanded to include facilities in West Sacramento, California, and Nashville, Tennessee, to accommodate demand for its ITAD services.
ICIC’s program recognizes successful inner-city businesses and their CEOs as role models for entrepreneurship, innovative business practices and job creation in America’s urban communities.
ER2 says its culture of continuous improvement, servanthood and humility has fostered a positive employee experience and created partnerships to help school districts in lower income areas bridge the technology gap by providing low-cost computers and devices to keep students competitive with their peers.
“It’s often much harder to sustain significant growth over time, but our mission and vision have been received with incredible enthusiasm by our partners in education as well as health care,” says Ko. “This year, we have also extended the opportunity to our partners to donate technology to charitable organizations that have meaning to them. So, while it’s an honor to be recognized among our peers, it has been the expanded community impact we’ve realized that has been most rewarding.”
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