Inner City Insights

March 2015


Purpose Built Helps Revitalize Struggling Atlanta Neighborhood

Our latest What Works for Cities case study highlights how a motivated real estate developer galvanized a dedicated group of citizens and partners to systematically invest in and transform the East Lake neighborhood, once one of Atlanta’s most disadvantaged. A related blog post examines how other cities are using Atlanta’s model to revitalize struggling neighborhoods in local inner cities.

A Grocery Store in Every Neighborhood: Boston’s Quest to Eliminate Food Deserts

Our new Inner City in Focus infographic looks at food availability and affordability in two different Boston neighborhoods, Roxbury and Back Bay. Our infographic shows the dispersion of grocery stores and corner stores across Boston with a comparison of grocery prices, and an accompanying blog post highlights some of the policies that have shaped Boston’s food landscape.

Are Franchise Owners Entrepreneurs?

Despite calls to expand the definition of entrepreneurship, discussions of entrepreneurship traditionally focus on startup companies and their founders. However, as franchising becomes an increasingly popular route for innovative individuals, the definition of entrepreneurship seems to be broadening. A new blog post explores why many entrepreneurs, particularly millennials, seem to be choosing a less traditional route to small business ownership.

ICIC on the Move

  • The Inner City Capital Connections (ICCC) program will include Birmingham, AL for the first time in its history. The official ICCC training day for Birmingham will be held on August 6, but the kickoff breakfast was held on March 18th to rally local partners’ and key stakeholders’ support. Leaders from key Birmingham-based organizations such as Regions Bank, Protective Life, Alabama Power, and the Birmingham Business Alliance were in attendance and spoke to the value of the program.

  • On March 25, ICIC’s Alexandra Edelstein and Katie Lettie showcased ICIC’s partnership with the Goldman Sachs 10,000 Small Businesses program at Mass Challenge’s Entrepalooza 2015, an event designed to connect startup businesses with resources to help them grow.

  • On March 27, ICIC’s Kate Haggerty attended a summit on the EB-5 Visa program as an alternative financing option for development at the New York University Stern Center for Real Estate Finance Research. The discussion centered around a new working paper on the use of EB-5. As part of the conversation on financing, topics including targeted economic area designations, job creation and infrastructure funding were discussed.

Announcements & Events

  • ICIC’s Senior Vice President and Director of Research, Kim Zeuli, had an article published in the Winter 2015 edition of the International Economic Development Council’s Economic Development Journal. The article, “New Incentives and Opportunities for Hospitals to Engage in Local Economic Development,” examines why some nonprofit hospitals are becoming involved in local economic development projects, exploring case studies from Minnesota, Maryland and Ohio.

  • The Inner City 100 is back! ICIC has recognized over 800 fast-growing companies in the inner city since the program’s inception in 1999, and this year’s competition promises to highlight some of the country’s most dynamic urban businesses. Apply today to be recognized as a high-growth urban entrepreneur, with exposure in Fortune magazine. Winners are also invited to participate in a world-class executive education day featuring Harvard Business School professors, culminating in the nation’s preeminent celebration of urban businesses.

  • Through the Goldman Sachs 10,000 Small Businesses program, entrepreneurs from all 50 states have the opportunity to step away from day-to-day operations and focus on growth. We are now accepting applications for the upcoming Fall 2015 class at Babson College, and the application deadline is April 20. Visit the 10,000 Small Businesses website for more information.

  • The Inner City Capital Connections program is now accepting applications for its 2015 National Program! This free program is designed to drive the growth of inner city businesses by showing them how to tap into sources of capital, educating them on their financial options and providing a forum to connect with investors. This year’s executive education will be held in four cities across the U.S.. To learn more and apply or nominate a company, visit our nomination page.

Join the ICIC Team

ICIC is currently hiring for multiple positions! These are exciting opportunities to join ICIC’s talented, creative and committed professionals in a collaborative culture dedicated to excellence and innovation. Please see the position descriptions and application instructions here.


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