Leveraging Transit Investment For Inclusive Business Growth In Boston’s Fairmount Indigo Corridor
Can expanded transit access lead to inner city business and job growth? In Boston, planners are hoping that a recently expanded commuter rail line, the Fairmount Indigo Line, will do just that. In July 2015, ICIC, in partnership with The American City Coalition (TACC) and Boston Local Initiatives Support Corporation (LISC), began work to identify a strategy for increasing jobs for local residents by attracting, retaining and expanding businesses near the Fairmount Indigo Line. This research, which will be released in the coming months, will chart a path to increase the number of jobs for Boston residents who need them most. Read more.
#CityCloseUp: Despite Struggles, Business Success and Reinvestment Shape Detroit
As part of our City Close Up campaign, in February we looked at Detroit. Detroit has produced more Inner City 100 winners than all but two other cities, with five winners in 2015. Business leaders, including our 2015 Inner City Economic Summit keynote speaker Matthew Cullen, are making key investments that are shaping the city’s neighborhoods and attracting new residents and businesses. At the same time, Detroit has faced major economic struggles, and its inner city was one of the lowest performing in the U.S. between 2000 and 2013. Read more.
Detroit CEOs Discuss Strategies for Balancing Company Growth with Core Values
On February 11, at Paving a Path to Growth, a workshop hosted by Staples and ICIC in Detroit, several local CEOs discussed their strategies for retaining core company culture while growing their businesses. At the heart of their strategies was the ability to juggle two seemingly opposing forces: those of change and business growth, and those of consistency, with a company’s founding values anchoring its future. Read more.
"Ugly Fruit" Movement Helps Expand Access to Healthy, Affordable Produce
It’s a startling paradox: In the U.S., roughly 40 percent of food is thrown away before it has the chance to be sold or eaten, the equivalent of throwing away a Rose Bowl Stadium full of food every day, yet at the same time, nearly 50 million Americans live in food insecure households. A new group of entrepreneurs are on a mission to change that by encouraging Americans to eat more “ugly” fruits and vegetables. Read more.
ICIC on the Move
- On March 7, ICIC’s CEO, Steve Grossman, and Inner City Capital Connections Director, Hyacinth Vassell, visited the Massachusetts Workforce Investment Board in Worcester to discuss ICIC’s urban business initiatives, particularly the Inner City Capital Connections program.
- On March 5 and 6, ICIC President Matt Camp attended the Social Enterprise Conference, which convened leaders, practitioners and students at Harvard University to discuss social enterprise.
- On February 23, ICIC’s Alexis Hyder attended a breakfast at which David Plouffe, Uber Chief Advisor, spoke about the unique ways Uber is helping Boston and other cities, including increasing access to transportation and providing flexible jobs for residents in some of our most underserved communities.
- On February 11, Steve Grossman and Matt Camp visited Mass Development to discuss ICIC’s urban business initiatives and opportunities to nominate small businesses from underserved Massachusetts communities.
News & Announcements
- ICIC is now accepting applications for the 2016 Inner City 100! If you lead a fast-growing business, we want to see you among the applicants for this list of movers and shakers. Winners enjoy year-round access to a national network of highly successful businesses leaders, executive education with leading business school faculty at the annual Inner City 100 Conference & Awards, and national recognition in FORTUNE magazine. Apply Now to join a group of over 800 urban leaders from across the U.S. The deadline to apply is April 1, 2016.
- Amplify your success and steer toward exponential growth! Inner City Capital Connections is a national program with an 11-year track record of helping companies accelerate business growth and access capital. Our alumni have created over 11,000 jobs and secured more than $1.3 billion in capital. After participating in our program, our alumni grow an average of 23% and experience a 56% increase in employment. In 2016, the program will be held in 10 cities across the U.S. Learn more and apply or nominate an urban business.
- Through Goldman Sachs 10,000 Small Businesses, entrepreneurs from all 50 states have the opportunity to step away from day-to-day operations and focus on growth. We are accepting applications for our upcoming Fall 2016 Class at Babson College, and the application deadline is April 20. Visit the 10,000 Small Businesses website for more information at www.10KSBapply.com, or register for one of our upcoming informational webinars here.
- Join Kim Wales, founder and CEO of Wales Capital, for our upcoming CEO Series, The Good, the Bad, and the Ugly about Crowdfunding, from 2:30-3:30 p.m. EDT on Wednesday, March 16. Learn more and register.
- Our friends at the Shared Value Initiative will host their annual Shared Value Leadership Summit on May 10-11 in New York City. The 2016 Shared Value Leadership Summit will feature a series of exciting plenary and lab sessions designed to share insights, celebrate successes and challenge the business community to see the strategic advantage in tackling the world’s most pressing problems. Headline speakers include Jim Kim, President of the World Bank; Barbara Bush, CEO and Co-Founder of Global Health Corps and Alan Murray, Managing Editor of Fortune. Learn more: bit.ly/1RjdLFc.