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Blog: Inner Cities

06-15-17

Small businesses seize opportunities in renewable energy

ICIC

Small businesses have been making major moves in an industry that is anything but small: renewable energy. In the United States, nearly 800,000 jobs have been created because of renewable energy, and the industry is showing no signs of slowing down. Since 2016, solar energy has been creating jobs at 17 times the rate of the national economy, and a new wind turbine gets installed in the United States every 2.4 hours. Participation in this industry puts a company at the vanguard of the energy sector, allowing them to grow with the demand for “green” energy. Read More


06-13-17

Inclusive Prosperity Is Incredibly Rare

ICIC

America may be prosperous but it is not inclusive. On the one hand, the nation and its cities and metro areas are still recovering from the economic trauma of the Great Recession: Economic output is up and unemployment is down. But on the other hand, the gains from that economic recovery are disproportionately concentrated among a relatively small number of advantaged groups and advantaged places. Inclusive prosperity has proven distressingly elusive; wide swaths of cities and metros and large groups of people have missed out on the economic rebound. Read More


06-02-17

Surdna Foundation Latest to Redirect Assets into Impact Investments for Social Good

ICIC

A few months ago, we featured a story about how the Commonwealth of Pennsylvania has created a $100 million impact investing initiative redirecting funds into investment products that will not only provide monetary return, but support affordable housing, small businesses, infrastructure projects, and health and educational facilities. New York City, Washington, D.C. and the Commonwealth of Massachusetts all have similar initiatives, albeit at different scales. Read More


05-24-17

How the Community Reinvestment Act has Influenced Investment in Inner Cities

ICIC

Today, young and talented professionals are moving to urban areas to take advantage of the job opportunities that exist. They’re investing in urban real estate and neighborhood commercial corridors are coming back to life. Yet, the opportunity available in cities today looks dramatically different than it did in the 1960s and 70s, when inner city crime was rampant, racial tensions were high and poverty was on the rise. Read More


05-16-17

How the City of St. Paul is Reforming its Procurement Policies to Open Opportunities to Inner City Businesses

ICIC

A study by the Economic Policy Institute released in July 2012 highlighted what St. Paul policymakers already knew too well: the region faced a massive racial disparity in unemployment rates. Approximately five percent of white residents in the metropolitan region were unemployed, versus a staggering 18 percent of black residents. In order for St. Paul and all of its residents to truly thrive in the years to come, a radical intervention was required. Read More


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