Tag Archives: KWCP

The Menkiti Group Named One of the Nation’s Fastest-Growing Inner City Businesses

Washington, DC, October 3, 2018- The Initiative for a Competitive Inner City (ICIC) announced that The Menkiti Group has made the 2018 Inner City 100 list of the fastest-growing inner city businesses in America, based on revenue growth. ICIC, a 25-year-old national nonprofit founded by Harvard Business School professor Michael E. Porter, promotes economic prosperity in America’s inner cities through private sector investment that leads to jobs, income and wealth creation for local residents.

The list was revealed at the 20th Annual Inner City 100 Conference and Awards in Boston October 1-2.  The full list is available on Fortune’s website. The Menkiti Group, led by CEO Bo Menkiti was ranked #93 based on its growth rate from 2013 to 2017 of 68.26% and 2017 revenue of $17,515,873.

2018 marked the 5th appearance on the prestigious list for The Menkiti Group, placing the company into the ICIC fastest-growing companies Hall of Fame. Keller Williams Capital Properties was also ranked for a record 5th appearance, this year at #92, which places the company into the Hall of Fame as well.

Said ICIC CEO Steve Grossman, “Inner City 100 companies are forces of economic opportunity, optimism and transformation in their communities. They lead the way in innovation, job creation and economic revitalization and it’s an honor to shine the spotlight on their leadership and accomplishments. In addition to excellence in business, these pioneering entrepreneurs have demonstrated a deep commitment to and passion for their communities, which significantly impact the wellbeing of their local economies”.

Now celebrating its 20th year, ICIC’s Inner City 100 list has long celebrated urban entrepreneurship. Since its inception, ICIC’s list has recognized 975 companies, which have seen average growth rates of more than 400 percent during a five-year period and have collectively created more than 126,000 meaningful jobs in America’s distressed and underserved communities and neighborhoods.  The Inner City 100 program opens doors for other budding urban entrepreneurs and stimulates inner city business development and job creation through recognition, networking and learning.

“These businesses and their owners are a testament to the impact innovation and entrepreneurship have had in rejuvenating urban areas across the U.S. Companies such as (COMPANY NAME) are experiencing revenue growth and increased investment, which are in turn creating more jobs and economic opportunity for citizens in the communities where these companies call home” said ICIC President and COO, Matt Camp.

2018 Inner City 100 by the numbers:

  • Average growth rate of 436 percent between 2013 and 2017
  • Represent 46 cities in 23 states
  • Employed 10,085 individuals in 2017
  • Created 5,516 new jobs in the last five years
  • On average, 36 percent of employees live in same neighborhood as the company.
  • Average company age is 15 years
  • Average 2016 revenue is $14.8 million
  • 31 percent are women-led
  • 38 percent are minority-led
  • Represent 26 industries

CEOs from the winning companies were invited to the Inner City 100 Conference and Awards, two days of robust networking opportunities and educational sessions led by Fortune 500 executives and academics from top-tier universities, including Harvard Business School. Past winners have reported connecting with multi-million dollar investors as a result of appearing on the Inner City 100 list and attending the Conference.

Initiative for a Competitive Inner City (ICIC)

ICIC is a national nonprofit founded by Harvard Business School professor Michael E. Porter. ICIC’s mission is to promote economic prosperity in America’s inner cities through private sector investment that leads to jobs, income and wealth creation for local residents. Through its research on inner city economies, ICIC provides businesses, governments and investors with the most 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, Goldman Sachs 10,000 Small Businesses program, and Santander Bank’s Cultivate Small Business program. Learn more at www.icic.org or @icicorg.

Kymber Lovett-Menkiti Recognized as a Washington Business Journal 2018 40 Under 40 Honoree

Wednesday, June 27, 2018: WASHINGTON, DC – It was announced last night that Kymber Lovett-Menkiti, Regional Director for the Maryland/DC region for Keller Williams Realty International, and President of Sales for The Menkiti Group and for

Keller Williams Capital Properties (KWCP), has been named to the Washington Business Journal 2018 40 Under 40 list of honorees, a group of the greater Washington, DC region’s brightest and best young business leaders under age 40.

“I am thrilled and humbled to be recognized among an incredible group of business leaders in the Washington, DC region, and among standout women in particular,” said Lovett-Menkiti. “When I reflect on my journey to this point, I’m proud to say I have built my career in doing what I love most – in doing good while doing well, succeeding in business while serving the community. I’m fortunate to have many talented people around me that challenge and inspire me each day to transforming lives, careers, and communities through real estate,” she added.

Since the founding of The Menkiti Group in 2004, and subsequent founding of KWCP in 2006, Kymber has demonstrated outstanding performance as a sales driver for the two companies and helped to generate significant revenue growth. Both entities have been consistently recognized on the INC. 500/5000 list of fastest-growing privately-held companies for a collective 14 times and have also been recognized by the Initiative for a Competitive Inner City as fastest growing inner-city businesses in the United States for a combined seven times.

In January 2018, Kymber accepted the role of Regional Director for the Maryland/District of Columbia Region of KWRI, directing growth for 19 Market Center offices, with close to 5,000 real estate professionals, and is the first African American woman to hold as high a position in the company. Washingtonian Magazine has named Kymber a Top Real Estate Agent multiple years, and in 2015, she was recognized by Washington SmartCEO as a 2015 Brava award winner for distinguished achievement as a member of Greater Washington’s top women business leaders.

Kymber is a charter member and Board Chair of the CPMG Foundation, a joint project of The Menkiti Group and Keller Williams Capital Properties created to support the housing, education, and entrepreneurship needs in the DC Metro area, Kymber is also a founding member of the board for DC WISE, (Women in Solidarity for Empowerment), a Washington, DC non-profit organization established to support organizations that serve women and children. To date, the organization has contributed more than $650,000 to the communities in which it serves.

Magna cum laude graduate of James Madison University with a degree in Social Work, Kymber also holds two Master’s Degrees in Social Work, and Law and Social Policy from Bryn Mawr College. An Associate Broker and licensed REALTOR® in the District of Columbia, Maryland, and Virginia, she has been a long-time resident of the District of Columbia and enjoys celebrating the culture and big city luxuries of the urban setting while appreciating the small-town comforts of its neighborhoods and communities with her husband and three active boys.

KW Capital Properties on Inc. 5000 List for the 8th Time

Washington, DC-based brokerage included in top 1% of Inc. 5000 Fastest Growing Companies with notable growth.

Today Keller Williams Capital Properties, an affiliate company of The Menkiti Group, was recognized on the 2017 Inc. 5000 list, an exclusive ranking of the nation’s fastest-growing private companies in America. 2017 marks the eighth year that the brokerage has appeared on the list for the remarkably consistent high growth displayed by the company.

Keller Williams Capital Properties (KWCP) is an Inc. 5000 Honoree, with a minimum of five appearances on the Inc. 5000 list, and is in rare company with eight consecutive appearances, placing the brokerage in the top 1% of all companies that have been included in the annual ranking since it was first published 36 years ago.

Since the brokerage was founded in 2006, KWCP has grown to seven offices throughout DC, Maryland, and Virginia, with nearly 1,000 agents. In 2016, KWCP recorded just over $2.1 billion in sales, with 4,414 transactions, marking significant increases in both areas over 2015. These figures all represent the brokerage’s standing as one of the fastest-growing Keller Williams Realty International franchises.

This latest ranking and recognition honor are preceded by recent inclusions in the Washington Business Journal’s Top Residential Real Estate Companies, and the Washingtonian’s list of Top Producing Agents and firms in the greater Washington, DC metro area.

To learn more about Keller Williams Capital Properties or to discuss business and career opportunities in leadership or agent entrepreneur roles, please contact Brandon Green at 202-350-9777.