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About ICIC

The voice of urban opportunity

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Who We Are

The Initiative for a Competitive Inner City is a nonprofit research and strategy organization and the leading authority on U.S. inner city economies and the businesses that thrive there. Founded in 1994 by Harvard Business School Professor Michael Porter, ICIC strengthens inner city economies by providing businesses, governments and investors with the most comprehensive and actionable information in the field about urban market opportunities.

  • We promote a dynamic urban marketplace powered by diversity, creative enterprise and untapped competitive advantages.
  • We determine the industry clusters with the highest market opportunity for inner city business growth and job creation. 
  • We teach inner city businesses how to compete for capital and gain access to capital providers.
  • We guide financial institutions to new investment opportunities and some of the world's fastest-growing companies. 
  • We identify critical factors for economic growth in urban environments and inform public officials about the best practices that produce the most significant effects. 

ICIC’s unique knowledge of inner city success factors and growing companies is developed from specialized urban networks and path-breaking research.

Download ICIC's Fact Sheet

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One of a kind resources for job creation. ICIC’s ongoing State of the Inner City Economies (SICE) research maps the economic performance, business vitality and resident prosperity of America’s 100 largest central cities, their inner cities and metropolitan areas. The only data set of its kind, SICE is an indispensable resource to assess local economic assets and set strategies for investment and equitable growth.

ICIC helps cities make the most of their competitive advantages, including transportation hubs and anchor institutions like medical centers and universities, which can be powerful engines for local economies. Sophisticated analytics discover which industry clusters will have the most energizing effect on overall urban prosperity. ICIC teams have helped shape economic strategies in Oakland, Philadelphia, West Louisville and Brooklyn. Nationally, ICIC research awakened major retailers to an $89 billion market opportunity in America’s inner cities, where income density is eight times greater than in surrounding suburbs.

Transforming challenges into opportunities. Successful urban economic development demands extraordinary collaboration and pinpoint focus: Regional solutions bypass the inner city; 10% regional growth translates to just 1% in the inner city.

ICIC ‘s Inner City Economic Forum brings corporate and financial leaders together with public officials, civic groups and foundations to focus on practical challenges like expanding access to capital for inner city companies.

ICIC has helped Bank of America and its private equity partners find investment-grade companies in 70 different inner cities. These companies have gone on to hire 55% more employees while posting annual revenue growth of over 20%.

Every year, ICIC identifies the 100 fastest-growing inner city companies. These firms represent the kind of innovative, diverse, 21st Century organizations that will replace declining legacy industries in our cities: Between 1999 and 2010, Inner City 100 companies nearly 70,000 new jobs – and 95% provide health benefits.

A bridge between public initiative and private enterprise. As the leading authority on inner city economies and the companies that thrive there, ICIC plays a unique role in urban investment and public policy decisions. In mayor's offices, in state capitols and in Washington, we are the public face of the urban private sector. Facts are our politics. In boardrooms, and among investors, we speak the language of business advantage. Through formal programs and countless ad hoc engagements, ICIC provides public and private decision makers with the knowledge and the know-how that lead to inner city investment, jobs and growth.

Mission Statement

ICIC's mission is to drive economic prosperity in America's inner cities through private sector investment to create jobs, income and wealth for local residents.

ICIC in Action

  • ICIC research awakened major retailers to a billion dollar market opportunity in America’s inner cities, where income density is eight times greater than in the suburbs.
  • Inner City 100 companies created over 73,000 new jobs – and 96% provide health benefits - between 1999 and 2012.
  • Inner City Capital Connections (ICCC) companies have generated 2,790 jobs and raised $406 million in capital
  • Inner city residents need jobs near their homes that offer good pay and the prospect of long-term employment. These can be created only by businesses.

Professor Michael E. Porter,

Founder and Chairman

ICIC

  • ICIC brings the magic of the market to inner city economic development. This approach is what we need to create jobs for our fellow Americans and strengthen the tax base of our cities.

     

Tom Castro,

Founder

El Dorado Capital

for our monthly Inner City Insights.

© 2013 Initiative for a Competitive Inner City. All rights reserved.

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