The critical role small businesses play in inner city revitalization
Through more than two decades of research and practice, ICIC has recognized the importance of small businesses in growing urban economies, revitalizing inner city neighborhoods and creating jobs and wealth for inner city residents. Recent ICIC research finds that urban small businesses rival, and often exceed, the impact of large businesses in terms of job creation, and their importance is even greater in distressed inner city neighborhoods. Our latest blog, in honor of National Small Business Week, summarizes our playbook for supporting inner city small business growth, and recaps the potential of small businesses to create jobs, wealth, and opportunity in inner cities. Read more.
Meet the multi-generational business that grew out of one family’s story of survival
Three Brothers Bakery has deep roots. Before it was a “Houston institution,” employing 65 people at 3 locations in one of America’s most diverse cities, it was a small bakery run by the Jucker family in nineteenth- and early twentieth-century Poland. When World War II spread throughout Europe, the family was sent to Nazi concentration camps. After liberation, the Jucker siblings relocated to Texas and began building new lives around the skill they knew best: making bread. Read more.
Are inner cities retail deserts?
An influx of new residents, accompanied by a growing number of restaurants, coffee shops, retail outlets, and other amenities to serve them, has transformed many urban neighborhoods over the past decade. A walk through any low-income, inner city neighborhood, however, often reveals a different reality. Our recent blog revisits the question of unmet retail demand in inner cities, drawing on new research from the JPMorgan Chase Institute finding that low income residents are traveling farther to access retail than high-income residents. Read more.
ICIC and Massachusetts Congressman Seth Moulton launch first-in-the-nation initiative to stimulate business growth and job creation
Congressman Moulton’s commitment to the economic wellbeing of North Shore residents led him to ICIC's Inner City Capital Connections program, which helps creates good jobs and sustainable business growth by providing executive education to inner city companies throughout the nation. The partnership not only marks the first time ICCC has taken a congressional district approach, but also the first time a sitting congressman has dedicated resources to the initiative. Read more.
ICIC On the Move
- Starting at Home Conference: ICIC was invited to speak at this year’s conference hosted by the Ohio Housing Finance Agency in Columbus, OH on April 27th and 28th. ICIC’s Kim Zeuli spoke on the panel “Anchoring Innovation,” and discussed the role of anchor institutions in creating shared value and driving the revitalization of their surrounding communities. Learn more.
- Inclusive Entrepreneurship Pracademic Dinner: ICIC’s research team, represented by Kathleen O’Shea, was honored to participate in this salon-style “pracademic” dinner hosted by JPMorgan Chase and the Center for Global Policy Solutions on April 27th in Washington, D.C. The dinner brought together select thought leaders for an open discussion around best practices related to inclusive entrepreneurship.
- Food Hub Forum: ICIC was invited to present at the first annual Food Hub Forum showcasing Boston as a regional food hub and center for food innovation. ICIC’s Austin Nijhuis discussed strategies cities can use to invest in and support the growth of food businesses in their region at the April 25th event hosted by the Boston Public Market. Learn more.
Announcements & Careers
- Join our team: ICIC is hiring at multiple levels! These Boston-based positions provide an opportunity to join a dynamic and professional team working to address important inner city business and economic development issues. View our open positions.