The voice of urban opportunity
ICIC’s partners gain as well as give
ICIC’s partners see market opportunity where others see only challenges. In almost every case, we forge working partnerships with these visionary organizations.
Our work with institutions and foundations helps advance knowledge of inner city economies and the economic strategies that inform successful urban policy.
Our corporate partners are in a position to directly increase inner city economic vitality by creating a shared value with their communities, and they do. ICIC helps them identify market opportunities, potential vendors, investments and public sector allies that are often invisible to their competitors.
Most big U.S. corporations know more about China than they do about our own inner cities. ICIC’s corporate partners are discovering untapped possibilities a lot closer to home.
ICIC is funded by program and event revenues as well as grants from corporations and foundations. ICIC engages private-sector resources through a new concept of corporate philanthropy that draws on the core strengths of nationally recognized companies to identify market opportunities and leverage ICIC’s research.
Sustaining National Partners
ICIC is partnering with Goldman Sachs to lead the application and selection process for the 10,000 Small Businesses initiative, a $500 million commitment to provide education mentoring, technical assistance and capital access to underserved businesses through community colleges and community development financial institutions.
Staples and ICIC developed the Inner City 100 Diversity Leadership Award to recognize an outstanding Inner City 100 winner that has impacted its community through quality job creation for the inner city’s diverse residents and underrepresented populations. The award is presented annually at the Inner City 100 Awards.
Chevron Corporation and ICIC created the Dorothy Terrell Community Impact Award, which is presented annually at the Inner City 100 Awards to the Inner City 100 company that had the greatest impact on its community. Measurements for the award include quality job, income and wealth creation and engagement.
Bank of America
In 2015, Bank of America and ICIC celebrate 10 years of creating economic opportunity through the Inner City Capital Connections (ICCC) program. ICCC is the only program of its kind, focused on teaching small businesses in economically distressed areas about how to raise capital and facilitate connections with interested investors. Through a decade-long commitment to ICCC, Bank of America and ICIC have identified 834 companies in 231 cities around the country, helping to raise over $1 billion in capital and create over 10,000 jobs. As part of the program, Bank of America employee volunteers coach business leaders on financial management, leading to increased access to capital and improved financial outcomes for developing small businesses.
ICIC is grateful for the generosity of many corporate partners, foundations and individual contributors who provide funding to support ICIC’s mission.
The following individuals and organizations contributed $25,000 or more to ICIC in 2013/2014.
- Baldwin Brothers Inc.
- Bank of America*
- Boston Consulting Group*
- The Boston Foundation
- Capital City Properties
- Chevron Corporation*
- The Cleveland Foundation
- Community Foundation for Southeast Michigan
- County of Cook
- County of Los Angeles
- Detroit Economic Growth Corporation
- Economic Development Administration
- Paul and Sandy Edgerley
- Edward Jones
- Garfield Foundation
- Goldman Sachs Foundation
- Barbara and Amos Hostetter
- ICV Partners
- John Hancock
- Johnson and Wales University
- JSJN Children's Charitable Trust
- Jumpstart, Inc.
- The Kresge Foundation
- Next Street*
- NOLA Business Alliance
- Steve and Judy Pagliuca
- Pershing Square Foundation
- Michael E. Porter *
- The Prudential Foundation
- The Rockefeller Foundation
- RW Ventures
- Saint Paul Port Authority
- Staples, Inc.*
- State Street
- Surdna Foundation
- Upper Manhattan Empowerment Zone (UMEZ)
* Indicates a partner who has annually contributed $25,000 or more to ICIC for past five years (2010-2014).
To learn more about what your organization can do with ICIC, contact Alexis Hyder, Director of Strategic Business Development, at firstname.lastname@example.org or 617-238-3016.
Small businesses are vital to the growth of our economy. For the past 10 years, we’ve partnered with ICIC to connect growing inner-city businesses with the capital they need to thrive through the Inner City Capital Connections program. Our employee volunteers are invested in providing financial guidance to business leaders, and improving the communities where we live and work.
Bank of America Capital Access Funds