Introducing the new
Have you seen our website's new look? We hope the new website will more clearly
express ICIC’s work and accomplishments through our research and urban business
initiatives. The site is designed for intuitive navigation, and its responsive
design will allow for easier viewing on mobile devices. We invite you to
explore the site.
Promise of Inner City Economies
May’s special issue of Economic Development Quarterly (EDQ) publishes the complete
research that was presented at our 2015 Inner City Economic Summit in Detroit.
The issue revisits a 1997 article, “New Strategies for Inner-City Economic
Development,” authored by ICIC’s Founder and Chairman, Harvard Business School
Professor Michael Porter. It features a commentary by Professor Porter and new papers
by several leading researchers including ICIC’s Senior Vice President and
Director of Research, Kim Zeuli, who served as a guest co-editor for this
special issue. Preview the research on our blog and view the special issue on EDQ's website.
Key Findings from
Year One of Small Business Forward
ICIC is a partner on JPMorgan Chase’s Small Business Forward, a five-year, $30
million initiative to support small businesses. In the first year of the
program, nine organizations (most of them incubators and accelerators) were
awarded funds to drive business growth in specific sectors. ICIC conducted a
comprehensive analysis of these nine organizations and the businesses they
support in an effort to measure their performance and impact. Read about our findings on our blog.
Transportation Investment Set to Strengthen Newark Economy
The Port Authority of New York and New Jersey
recently voted in favor of a multi-billion dollar capital spending plan that
includes an extensive renovation of Newark’s Liberty Airport as well as
upgrades to the Midtown Manhattan Bus Terminal, a key connection point for New
Jersey commuters. As outlined in a recent blog post, the results for Newark’s
economy are likely to be significant. Read more.
ICIC on the Move
- On April 21, ICIC’s Kim Zeuli spoke on a panel,
“What Can the EB-5 Industry Learn from Alternative Finance Capital Markets?,”
at IIUSA’s EB-5 Advocacy Conference in
- On April 28, Senior Research Associate Austin
Nijhuis spoke in Boston at the EMW Salon on Tech and Ethics, where he discussed
Resilient Food Systems, Resilient Cities,
ICIC’s report on the resilience of Boston’s food system.
Announcements & Careers
- In celebration of Small Business Week, Babson
College released the third annual impact report, Stimulating Small Business Growth, for Goldman Sachs 10,000 Small Businesses
program. The report highlights progress made by more than 3,500 small
business owners over the span of 30 months since completing the program. Six
months after graduating, 69% of participants have reported increasing their
revenues, which rises to 74% after 18 months and 83% after 30 months. 48% of
participants have reported creating net new jobs just six months after graduating,
which rises to 56% after 18 months and 61% after 30 months - speaking to
sustained impact and long term economic growth. ICIC is proud to be a national
partner in this cutting edge work.
- Amplify your success and steer toward
exponential growth! ICIC’s Inner City Capital Connections is a national program
with an 11-year track record of helping companies accelerate business growth
and access capital. Their alumni have created over 11,000 jobs and secured more
than $1.3 billion in capital. After participating in the program, 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.
- Save the date! The 2016 The Inner City
100 Conference & Awards will be held in Boston on September 14. This
daylong event is the premiere networking and management education event for
fast-growing urban businesses. Stay tuned for more details.
- ICIC is hiring at multiple levels. These
positions are an opportunity to join our dynamic and professional team
addressing important issues related to inner city business growth and economic
development. View our open positions.