To learn more about how you can support ICIC, please email Liz Pugh, Director of Development.
Our corporate, foundation, and individual partners have one thing in common: an unwavering commitment to helping inner cities and small businesses thrive. ICIC brings a unique set of capabilities to our role as a partner and advisor: we apply more than two decades of pioneering research and experience designing and implementing national small business growth programs. Our work with institutions and foundations helps advance knowledge of inner city economies and the strategies that inform successful urban policy. ICIC collaborates with corporate partners to increase inner city economic vitality by creating shared value with their communities. We help them identify market opportunities, potential vendors, investments, and public sector allies to achieve their vision and objectives.
SUSTAINING NATIONAL PARTNERS
ICIC leads the application and selection process for Goldman Sachs 10,000 Small Businesses, a $500 million investment to help small businesses create jobs and economic opportunity by providing them with greater access to business education, financial capital, and business support services.
Santander and ICIC have partnered together to launch Cultivate Small Business, an innovative new program linking small business resources to a regional cluster, designed to help early-stage entrepreneurs in low-income neighborhoods build and sustain their businesses, with a focus on women-, minority-, and immigrant-owned businesses in food-related industries. Santander also partners with ICIC on other Urban Business Initiatives, including the Inner City 100 and the Inner City Capital Connections (ICCC) program, in Boston, Philadelphia, and New York.
ICIC is a proud partner of JPMorgan Chase’s Small Business Forward (SBF) initiative, a five-year, $75 million commitment that connects underserved small businesses with the capital, targeted technical solutions, and networks they need to grow and succeed. We evaluate SBF annually to capture the program’s impact, and our research supported by JPMorgan Chase continues to inform the initiative’s strategic direction.
Kaiser Permanente has partnered with ICIC to bring the Inner City Capital Connections (ICCC) program to Los Angeles and Oakland, in support of realizing Kaiser’s vision for improved wellness outcomes through economic empowerment. In Los Angeles alone, more than 140 ICCC alumni have raised $162M in debt and equity capital, averaging 82% growth in revenue, and have created nearly 700 jobs.
FedEx has partnered with ICIC to create a robust Inner City Capital Connections (ICCC) site in Memphis, helping FedEx realize its vision for empowering entrepreneurs and creating employment pathways for the underserved. FedEx also partners with ICIC on the Inner City 100 program that recognizes and celebrates fast-growing companies whose success illuminates the competitive advantages of locating within the inner city.
Bank of America
Bank of America and ICIC co-created the Inner City Capital Connections (ICCC) program, which is now offered in 10 cities throughout the United States. ICCC is the only program of its kind, focused on teaching small businesses in economically-distressed areas how to raise capital and facilitate connections with interested investors. As a result of their long-term partnership, Bank of America and ICIC have helped 1,136 companies in 336 cities around the country raise over $1.4 billion in capital and create more than 12,000 jobs.
Catholic University of America, The Busch School of Business and Economics
Catholic University’s Busch School of Business and Economics has helped ICIC bring the Inner City Capital Connections (ICCC) program to Washington D.C. for the first time, while also pioneering a first-in-the-nation model that incorporates student participation. The partnership is part of a project the university has been incubating to develop enterprise solutions to poverty. Connecting small business owners with business students will bring a new dimension to ICCC while expanding its impact in the Washington D.C. community.
Chevron Corporation supports ICIC’s longstanding entrepreneurship program, the Inner City 100, and our annual analysis of urban small business. Chevron and ICIC celebrate shared value in the co-creation and presentation of the Dorothy Terrell Community Impact Award, which honors the Inner City 100 company with the greatest impact on its community and workforce.
With Regions’ support, ICIC has brought the Inner City Capital Connections (ICCC) program to Memphis, Birmingham, and St. Louis during the past three years. In 2017, they are helping us launch the initiative in Tampa Bay for the first time. By providing local entrepreneurs with access to capital, education, and resources for growth, Regions is helping create shared value by strengthening inner city small business ecosystems throughout the areas they serve.
ICIC is deeply grateful to its partners for their generous support of our mission. The following contributed $25,000 or more during the past two years:
The Edgerley Family Foundation
Barbara & Amos Hostetter
Michael E. Porter
Susan Fox Schiro