Building Strong Clusters for Strong Urban Economies
City leaders are increasingly incorporating cluster strategies into their economic development plans. But many cities are struggling with implementation and ineffective cluster-building efforts. ICIC’s new research, supported by JPMorgan Chase, offers six recommendations for city leaders who want to drive high-impact, inclusive urban economic growth. Building Strong Clusters for Strong Urban Economies also provides actionable insights from cluster-building efforts in four U.S. cities—San Diego, St. Louis, Chicago, and New Orleans. Read the full report here.
The new report was announced by JPMorgan Chase and ICIC on June 28 in St. Louis at an event hosted by BioSTL, which is profiled in the report. The event, the GlobalSTL Health Innovation Summit, represents a key cluster-building activity of BioSTL’s international attraction initiative, bringing together some of St. Louis’s top hospitals, companies, and investors and a delegation of 14 leading digital health companies from Israel and Ireland looking to set up U.S. headquarters in St. Louis. Learn more.
Watch: Advancing Health in America's Inner Cities Together
See how ICIC’s partnership with Kaiser Permanente has helped Good Soil Industries, a mission-driven business that helps hard-to-hire men work their way out of poverty, bring positive change to their community. Watch the video.
Albuquerque Anchor Institutions Form Coalition to Boost Local Economy
At any given point in time, there are at least a few thousand job openings at anchor institutions in Albuquerque, New Mexico. Approximately half of these are entry-level positions. Normally this would be great news for a community. If jobs are plentiful, it must mean the local economy is doing well—right? Yet, it’s not that straightforward. Read more.
Small Businesses Seize Opportunities in Renewable Energy
Small businesses have been making major moves in an industry that is anything but small: renewable energy. In the United States, nearly 800,000 jobs have been created because of renewable energy, and the industry is showing no signs of slowing down. Since 2016, solar energy has been creating jobs at 17 times the rate of the national economy, and a new wind turbine gets installed in the United States every 2.4 hours. Participation in this industry puts a company at the vanguard of the energy sector, allowing them to grow with the demand for “green” energy. Read more.
ICIC On the Move
- Investing in Rochester’s Job Growth: ICIC's President and Chief Operating Officer, Matt Camp, spoke at the 2017 Prosperity Conference on June 1 about how Rochester can leverage the power of small business to spur economic development and participated in a panel that discussed immediate actions Rochester can take to advance job growth.
- Springfield, MA Memorial Square Apartments: ICIC's CEO Steve Grossman spoke at the Memorial Square Apartments Ribbon Cutting Ceremony in Springfield, MA on June 9 about the importance of inner city economic revitalization and the unique role that small businesses play.
- Alibaba Gateway ’17: David LeBoeuf and Kelsey Ray of ICIC represented the Goldman Sachs 10,000 Small Businesses program at the Alibaba Gateway ’17 conference in Detroit, MI from June 20-21. ICIC gave a conference-wide presentation on the program, moderated a panel during which alumni shared their experiences, and built new relationships in the international trade sector.
- The ESHIP Summit: ICIC’s Sonia Moin and Kathleen O’Shea were honored to attend the Kauffman Foundation’s ESHIP Summit, an invitation-only convening of leaders working to build vibrant entrepreneurial ecosystems in their communities. The inaugural conference was held June 21-23 in Kansas, MO. Learn more.
- NNPA Convention: ICIC's Taelyr Roberts represented the Goldman Sachs 10,000 Small Businesses program at the annual National Newspaper Publishers Association (NNPA) Convention in Oxon Hill, MD, on June 21-25 where she had the opportunity to build relationships with publishers from around the country and educate them about the program.
Announcements & Careers
- Apply now: Cultivate Small Business: In May Santander Bank announced “Cultivate Small Business,” a pilot initiative designed in partnership with ICIC to assist women-, minority- and immigrant-owned businesses in food-related industries. Applications are being accepted now through July. Read more.
- Save over $50 on Inner City 100 2017 Conference and Awards registration: Join us in Boston on October 3rd as we recognize America's fastest-growing inner city businesses at the Inner City 100 Conference and Awards. Hear from expert speakers and learn how to make collaboration your next inspiration! Early bird tickets available for a limited time only.
- 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 other open positions.