Don’t Miss Your Chance to Register!
This year's Inner City Economic Summit, Revisiting the Promise and Problems of Inner City Economic Development, is taking place September 15 and 16 in Detroit. The event will convene policymakers, thought leaders and business leaders to discuss the latest thinking in economic research and how it impacts policy, practice and business in inner cities.
Preview the Summit on our blog. Speakers will include ICIC’s founder and chairman, Harvard Business School Professor Michael E. Porter, and Rock Ventures, LLC’s President and CEO Matthew Cullen. Although the event is free, registration is required and space is filling quickly. View the full agenda. Register.
Technology Helps to Level the Playing Field for Inner City Small Businesses
For small businesses in inner cities, access to capital often poses a major barrier to growth. This issue forms the backbone of much of ICIC’s work, including the recent creation of a guide to help small businesses navigate the capital landscape. In a recent blog post, ICIC’s Adetola Olatunji explored the ways that new technologies may help small business owners, particularly those in inner cities, bypass institutional barriers and find the capital they need to grow. Read more.
Food Banks Integrate Job Training to Alleviate Need
This month’s What Works Case Study looks at the Virginia Peninsula Foodbank, which has adopted a workforce development program for low-income residents. By providing volunteers with hands-on culinary training, the Virginia Peninsula Foodbank is packing a one-two punch against hunger: increasing its capacity to serve meals to children, while simultaneously helping to fight poverty by training eligible job-seekers to find employment. Read the case study and related blog post.
Inner City 100 Winner Edibles Rex Continues to Grow
Tammy Tedesco, CEO of Edibles Rex, is in a growth mindset, writes ICIC’s Eliza LaJoie. Edibles Rex's rapid growth landed the company on the Inner City 100 list in 2013 and 2014. As Edibles Rex prepares to move into its new facility, Tedesco has a new goal: growing Detroit’s food industry. The new facility, Good Food Village, will provide a co-working space and resources for growing food startups. Read more.
ICIC on the Move
On July 29, ICIC and Future Boston Alliance hosted a Greater Boston Small Business Block Party in our Boston neighborhood. The event drew entrepreneurs, business support providers and friends of small businesses for an evening of networking and resource sharing.
On July 23, ICIC’s Senior Vice President and Director of Research and Advisory Practice, Kim Zeuli, was featured on a program of Sirius XM’s Dollars and Change radio show, hosted by the Wharton School. In the episode, Zeuli provided insights into how industry clusters help to drive economic growth and how city leaders can activate this growth.
Sonia Moin, Manager of Urban Business Initiatives at ICIC, will attend the US Black Chambers, Inc. (USBC) School of Chamber & Business Management, an annual conference that brings together chamber leadership, corporate partners, policymakers and businesses across the country to promote small business growth and share best practices addressing the challenges of Black business owners. ICIC will co-lead a workshop called “Gearing Up For Growth,” which will feature an interactive discussion with Goldman Sachs 10,000 Small Businesses alumni who are also USBC leaders. Learn more.
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 our upcoming cohorts across the country. Visit the 10,000 Small Businesses website for more information at www.10KSBapply.com.
On August 6, the Inner City Capital Connections (ICCC) program will take place in Birmingham, AL. Harvard Business School Professors Michael Porter and Steven Rogers will speak at the event. ICCC is a program designed to accelerate small business growth and access to capital, and is now accepting applications for Boston 2015! Boston's tuition-free program begins on September 24 at an all-day Executive Education Seminar taught by renowned professors from top-tier universities, including Harvard Business School and Stern School of Business. Tune into our informational webinar on August 10 at 11:30 a.m. EST, read the ICCC 2014 Impact Report, check out our website or watch our promotional video.