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Urban Economic Development

Insights and strategies for leaders in urban economic development

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ICIC puts the unique assets of cities and their anchor institutions to work

ICIC is the leading authority on inner city economic development. For more than 15 years, we have been at the cutting-edge of urban business development, leading thinking and putting best practices into action. ICIC has worked with more than a dozen major U.S. cities to identify their market opportunities and develop the corresponding strategies to create jobs and income for their residents.

ICIC has developed a reputation for bringing city officials, business executives and community leaders together to effectively design private sector-led strategies that capitalize on a community's competitive advantages.

Our city advising takes an approach that is tailored to a city's needs and strengths.

We demonstrate how cities can maximize job creation by determining the industry clusters that provide the best fit in terms of growth potential and city strengths.

  • We provide cities with an assessment of local business trends, assets and opportunities based on detailed quantitative analysis using ICIC’s proprietary database and interviews with key community stakeholders and businesses.
  • We facilitate workshops for city officials and business leaders about urban business development issues: leveraging anchor institutions, developing industrial strategies, improving small business development and a host of other topics.
  • We help cities and regions build comprehensive inner city business development strategies, including creating action plans, developing appropriate metrics and following up on implementation.

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ICIC can help your anchor institution create a shared value.

Hundreds of anchor institutions - universities, medical centers and cultural facilities - call inner cities home. As engines of economic growth in their local communities, anchor institutions play several roles in their communities, including purchaser, workforce developer and community infrastructure builder.

As the initial thought leader behind the strategic framework for anchor-led economic development, ICIC has advised some of the country's leading anchors on how they can spark local economic development and create jobs, while improving their supply chains, identifying budget savings and creating a better community for their employees.

ICIC's advising services for anchor institutions is customized for clients’ needs and community assets and challenges.

  • We provide anchors with thought leadership and evolving strategies and best practices about creating shared value with your communities.
  • We educate leaders of institutions through workshops and seminars about the roles anchors play in their communities and outline the best practices for improving their corresponding strategies.
  • We help anchor institutions shape their economic development and community engagement strategies, including identifying potential partners for collaboration, improving success measurements and developing action plans around identified issues areas.

ICIC encourages you to learn more about anchor institutions and their impact inner cities. For more information about ICIC’s advising services for anchors, contact Nicki MacManus, nmacmanus@icic.org or 617-297-3158.
 

To learn more about ICIC's services or workshops for cities and anchors, contact Nicki MacManus, nmacmanus@icic.org or 617-297-3158.

How does Your City Stack Up?

ICIC invites you to get a market profile for your inner city and others.

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View City Profile
 

  • ICIC uses research as a framing device. They can go to a civic group and say: You all have different ideas about what the future of Brooklyn looks like. But we can show you what the business inventory of Brooklyn really is and what your assets are. It's the same with business groups. The research findings strip out the emotion and force companies to see the actual opportunities so they can make intelligent decisions.

George Gendron,

Founder, Innovation Entrepreneurship program Clark University and

former Editor-in-Chief Inc. Magazine

CEO Insights

The Urban Group

New York City

for our monthly Inner City Insights.

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

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