#ICSummit15 Convenes Next Week
On September 15 and 16, our Inner City Economic Summit will convene over 350 policymakers, corporate leaders and academics in Detroit for a thought-provoking conversation on spurring inner city growth inspired by new research and practice against the backdrop of a city that is challenging conventional thinking on urban economic development.
The event boasts an exciting lineup of industry experts and thought leaders, including ICIC’s founder, Harvard Business School Professor Michael Porter, and Rock Ventures’ President and CEO Matthew Cullen. It will also feature a tour of some of the developments that have transformed Detroit’s inner city neighborhoods, as well as two dynamic panels featuring research and experience from experts on urban business.
Can’t make it to the Summit? Follow the conversation on Twitter with #ICSummit15!
ICIC and Partners Work to Expand Businesses on Boston’s Fairmount Indigo Corridor
On July 15, ICIC and partners The American City Coalition (TACC) and Boston Local Initiatives Support Coalition (LISC) kicked off a business attraction, retention and expansion project in Boston’s Fairmount Indigo Corridor, which runs along a new commuter rail line through some of Boston’s poorest neighborhoods. The initiative will identify a toolkit of strategies to encourage private sector job and business growth in this neighborhood. Working with TACC and LISC, ICIC will conduct research to identify best practices from similar projects, create policy recommendations and estimate the impacts of the policies recommended.
From Infrastructure Expansion to a Workforce Development Opportunity
FasTracks, run by Denver’s Regional Transportation District (RTD), was the nation’s largest voter-approved transit expansion plan. As the project progressed, the agency adopted a workforce development plan to ensure that the projects provided jobs for low-income local workers. As a recent What Works Case Study and related blog post show, the results have been impressive and the project has become a national model for integrating workforce development goals with infrastructure improvement projects.
Inner City 100 Winners Continue to Expand
ICIC congratulates two Inner City 100 alumni, Coyote Logistics and Fruition Partners, on their recent acquisitions. Both companies are based in Chicago and both topped the list as the fastest-growing inner city company – Coyote in 2012 and Fruition in 2014. Read ICIC’s blog posts on the exciting developments at Coyote and Fruition.
The Inner City 100 Conference and Awards is the premier networking and management education event for fast-growing urban businesses. This year’s event will be held on October 7 in Boston. Learn more or attend this year’s event.
Goldman Sachs 10,000 Small Businesses Has a Big Impact
Babson College released its most recent report on the impact of Goldman Sachs 10,000 Small Businesses, and the results were impressive: 76 percent of participating businesses grew their revenue within 18 months, and 57 percent created jobs in that period. Program alumni also reported that they gained the knowledge and confidence to make important changes to their operations.
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 or register for our upcoming webinars on September 10 and September 22.
Inner City Capital Connections is Helping Hometown Businesses
This year, our Inner City Capital Connections (ICCC) program will be held in our hometown of Boston for the first time. ICIC’s CEO Steve Grossman and Inner City Capital Connections Director Hyacinth Vassell were recently featured on a segment of WCVB-TV’s CityLine and in a Lynn Daily Item article discussing the success businesses that participated in ICCC training have experienced as a result of the program.
ICCC is ICIC’s national program designed to accelerate small business growth and access to capital. Upcoming ICCC trainings will take place in Boston on September 24 and Dallas on October 16, with the culminating conference in New York City in November. Nominate a business or apply.
ICIC on the Move
- On August 4, ICIC’s Austin Nijhuis presented at the Massachusetts Department of Environmental Protection’s Commissioner’s Summer Speakers Series. At the session, “Climate Change Adaptation and Resiliency,” Nijhuis discussed ICIC’s recent research on the resilience of Boston’s food system and our recommendations for creating a healthier, more resilient food system.
- On August 6, the Inner City Capital Connections program in Birmingham, Alabama, drew 95 businesses from 13 states. With lectures from top business professors including ICIC’s founder, Harvard Business School Professor Michael Porter, the event connected these entrepreneurs with crucial information and mentoring designed to help them get the capital they need to grow their businesses.
- On September 25th, ICIC will partner with UBS’s Elevating Entrepreneurs program in Miami to host “How Small Businesses Can Attract Big Talent,” a workshop for entrepreneurs. Dr. Seema Pissaris, a successful small business owner and a professor at Florida International University's College of Business, will provide participants with a roadmap for talent acquisition and retention. Learn more and register.
- Our friends at CEOs for Cities will host their National Meeting, The Talented City, in Indianapolis October 12-14. The event, focusing on talent development, retention, attraction and employment, features a dynamic lineup of national speakers. Learn more and register.
- ICIC is hiring both a Research and Advisory Intern and a Communications Intern. To learn more and apply visit our Careers page.