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Blog: Economic Development

10-06-17

Howard University’s Strategic Anchor Engagement Continues to Benefit D.C.’s LeDroit Park Neighborhood

ICIC

The relationship between universities and their surrounding communities can often prove challenging, with both groups struggling to find a common language for communicating needs and opportunities. In Washington, D.C., Howard University has long had a complex and multilayered relationship with the LeDroit Park neighborhood, located immediately southeast of the university. Read More


09-29-17

New York City Supports Industrial Development through Innovative Financing Solution

ICIC

In many cities across the country, preservation of industrial land has become difficult as strong demand for housing has led to the redevelopment of many formerly industrial sites into mixed-use projects that feature housing, retail, and office space. This loss of industrial land raises important and timely questions about how cities are pursuing balanced and equitable economic development. ICIC’s own research has shown that many industrial jobs allow workers to earn a living wage: on average, workers earn 200 percent over federal minimum wage. In addition, industrial areas—often located in inner cities—can provide accessible employment opportunities for local residents. Read More



09-15-17

Innovation within the Impact Investing Space is Driving Inner City Revitalization

ICIC

Impact investing is a double bottom line investment approach that looks to generate a competitive rate of return while investing funds into projects that will have a positive social, economic or environmental impact. There are now at least $114 billion worth of impact investing assets under management, according to a recent survey conducted by the Global Impact Investing Network (GIIN), a group of charities, banks, foundations, insurance companies and asset managers dedicated to increasing impact investing. Read More


09-08-17

Grocery Stores Growing into Their Role as Inner City Economic Catalysts

ICIC

From urban agriculture to kitchen incubators, many forms of food-related enterprises can act as catalysts for inner city job growth and business development. While the direct impact of grocery stores is more commonly considered part of the broader discussion around food deserts, they too can have significant economic effect on their local communities. Read More


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