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VisionIT Named Top Minority-Owned Company on 2009 Inner City 100 List

CEO David Segura Honored at Inner City 100 Celebration for his Entrepreneurial Leadership and Contribution to Economic Development

Thursday, May 21, 2009 8:00 am EDT


"Staples Foundation for Learning-ICIC Hall of Fame"

BOSTON--(BUSINESS WIRE)--The Initiative for a Competitive Inner City (ICIC), a not-for-profit organization whose mission is to promote economic prosperity in America’s inner cities, together with Staples Foundation for Learning, a private foundation created by Staples, Inc., today announced that Detroit-based VisionIT is the winner of the Top Minority-Owned Company of the Year on the 2009 Inner City 100, an annual list that ranks the fastest growing inner city businesses nationwide.

The founder and CEO of VisionIT, David Segura, accepted the honor at the Inner City 100 Awards Dinner, held on May 20th at the Boston Convention and Exhibition Center. Ranked first on the overall 2009 Inner City 100 list, VisionIT is a national provider of information technology outsourcing, staffing and vendor management for Fortune 500 corporations and government organizations. The company has 850 employees and reported 2007 revenue of more than $100 million.

In addition to VisionIT being named Top Minority-Owned Company of the Year, and one of twelve Hispanic-owned businesses on the Inner City 100 list, David Segura has also been inducted into the “Staples Foundation for Learning-ICIC Hall of Fame,” which recognizes companies that have been on the Inner City 100 list for five or more years.

“Minority-owned businesses like VisionIT that continue to thrive even during these challenging economic times, serve as an inspiration to entrepreneurs everywhere, but particularly those within our nation’s inner cities,” said Michael Porter, founder and chief executive officer of the Initiative for a Competitive Inner City, which publishes the Inner City 100 list. “Vision IT’s CEO David Segura has demonstrated that hard work and determination are key to growing a successful business, and he serves as a positive role model for business owners throughout the country.”

Staples, Inc., has long been an advocate for inner cities, minority business ownership and entrepreneurialism. Through Staples Foundation for Learning, the company has been a key supporter of ICIC and the Inner City 100 for the past six years. This year, Staples has renewed its support of ICIC’s Inner City 100 through another $200,000 grant. To date, SFFL has contributed nearly $1 million in support to ICIC and the Inner City 100 program.

“By celebrating the fastest growing minority-owned businesses nationwide, we are raising awareness of the important role these companies play in contributing to economic development within America’s inner cities,” said Ron Sargent, president of Staples Foundation for Learning and chairman and chief executive officer of Staples, Inc. “Staples remains committed to supporting the Inner City 100 and recognizing these entrepreneurs for their strong leadership skills and extraordinary achievements.”

About the Initiative for a Competitive Inner City

The Initiative for a Competitive Inner City (ICIC) is a national not-for-profit organization founded in 1994 by Harvard Business School professor Michael E. Porter. ICIC’s mission is to promote economic prosperity in America’s inner cities through private sector engagement that leads to jobs, income and wealth creation for local residents. ICIC brings together business and civic leaders to drive innovation and action, transform thinking and accelerate inner city business growth and investment. Please visit for more information.

About Staples Foundation for Learning

The mission of Staples Foundation for Learning, Inc. is to teach, train and inspire. Founded in 2002, the foundation has contributed more than $14 million to national and local charities that provide educational opportunities and job skills for all people, with a special emphasis on disadvantaged youth. Staples Foundation for Learning has also developed lasting relationships with Boys & Girls Clubs of America, Earth Force, Hispanic Heritage Foundation and the Initiative for a Competitive Inner City. In addition, Staples Foundation for Learning supports Ashoka, an organization that develops and supports social entrepreneurs around the world, in eight countries: Argentina, Belgium, Brazil, Canada, France, Germany, Spain and the United States. For more information about the foundation or how to apply for a grant, please visit

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Initiative for a Competitive Inner City
Julia Ely, 617-292-2383
For Staples Foundation for Learning
Julie Vaysbord, 781-559-0436

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