ICIC and The Rockefeller Foundation to Kick Off Food Resilience Research
In 2016, The Rockefeller Foundation will provide ICIC with a grant to research the resilience of U.S. cities’ food systems, examining best practices from key cities across the country and building on our previous studies of food clusters. To learn more about The Rockefeller Foundation’s resilience work, visit their website.
ICCC Hosts New York Conference, Releases Success Stories
On November 13 in New York City, our Inner City Capital Connections (ICCC) program ended its 2015 cycle with its annual capital-matching conference. Participants had the opportunity to network with business leaders and capital providers from around the country and learned a new ABC: Always Be Closing. The conference’s educational component focused on helping companies cultivate and diversify customer bases and expand their sales forces.
Since 2005, ICCC has helped small businesses raise $1.32 billion, creating over 11,000 jobs in cities across the U.S. ICCC's 2015 Impact Report highlights these impressive statistics as well as stories from several alumni companies – from an all-natural chewing gum manufacturing company to an office supply firm targeting millennials. View the report.
Growth of Milwaukee Water Cluster Keeps Rust Belt City Afloat
Milwaukee, once known for its manufacturing and brewing companies, has recently become a global leader in a new field: water technology. ICIC’s Kim Zeuli writes in a recent blog post that the cluster’s growth has involved private sector leadership, public sector buy-in and deliberate leveraging of the city’s locational and institutional assets. Read more.
IC100 Winner and Construction Pioneer Jennifer Pinck Shares Her Story
Jennifer Pinck is an undisputed leader in Boston’s construction industry. But early in her career, Pinck, president of construction management company and Inner City 100 winner Pinck and Co., had to overcome a number of challenges. In a recent blog post, ICIC’s Eliza LaJoie describes how those early struggles inspired Pinck to build a successful business focused on mission-driven projects and mentorship of young professionals. Read more.
What Works: Brownfield Redevelopment in Waterbury, CT
When the Chase Metal Works brass factory closed in the 1970s, Waterbury, Connecticut, was left with a vacant, polluted “Mile-Long Mill.” Private developers, discouraged by the high costs of remediation, were not willing to take on the risks of developing the property, and tenants were threatening to leave. The City's decision to invest in cleanup of the property helped to transform the site into a thriving "Industrial Commons" that has created and retained dozens of jobs. Read the What Works Case Study and related blog post.
ICIC on the Move
- On December 9 in Cambridge, MA, our CEO, Steve Grossman, spoke on a panel on Jobs, Economic Development and Competitiveness at the Seminar on Transition and Leadership for Newly Elected Mayors, hosted by Harvard University’s Institute of Politics.
- On November 18, Grossman was the keynote speaker at the Lawrence Partnership’s Annual Event in Lawrence, MA, where he offered fundamental principles for accelerating economic growth.
- On November 17, findings from a forthcoming paper, "The Role of Clusters in Driving Inner City Growth," were discussed at the U.S. - E.U. Workshop on Cluster Mapping and Cluster-Based Economic Policies, hosted by the U.S. Department of Commerce, the European Commission and Harvard Business School. The paper, written by ICIC's Kim Zeuli and MIT Sloan's Mercedes Delgado, will appear in a 2016 special edition of Economic Development Quarterly.
- Grossman was recently featured in The Boston Club’s 2015 Census of Women Directors and Executive Officers of Massachusetts Public Companies: The Public Sector Weighs In. The publication highlights the progress that has been made in increasing the number of women on the boards of public corporations since Grossman, then Treasurer of Massachusetts, formulated a “zero tolerance for zero diversity” guideline for publicly-traded companies in which the state pension fund held a stake. Read the report.
- On November 4 at a meeting of the Fairmount Indigo Corridor Job Attraction and Retention working group, Zeuli and Austin Nijhuis presented findings from ICIC's ongoing research with The American City Coalition and Boston Local Initiatives Support Coalition on private sector job and business growth in an inner city Boston neighborhood.