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Blog: Economic Development

11-23-16

Northeastern’s “Impact Lending” program shows how universities can support inner city businesses and bolster local economy

ICIC

Last month Northeastern University announced it was committing $2.5 million in seed funding for a newly created “Impact Lending” program, offered in conjunction with LISC Boston. The seed money will capitalize a $6.5 million revolving loan fund (RLF), and the RLF will enable LISC to provide $1,000 to $1 million loans to women- and minority-owned small businesses located in or around Northeastern University. Read More




11-08-16

What Cities Should Be Doing for Small Business

ICIC

Small businesses are the backbone of urban economies: They play a critical role in creating jobs for local residents. Yet too often city leaders and economic developers are not prioritizing small businesses when allocating resources to drive growth, focusing their strategies instead on the attraction and retention of large businesses. Read More


10-26-16

How a Grassroots Effort in Columbus, OH is using Civic Innovation to Strength Local Economy

ICIC

Forge Columbus has been dubbed “the civic innovation program of the city of Columbus.” It’s not solely a business incubator or coworking space (though, those are also components), rather instead, Forge Columbus broadly leverages civic innovation as a catalyst to strengthen Columbus into a vibrant, competitive 21st century city. Read More


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