Michael E. Porter Research Fund
In 2023, ICIC created the Michael E. Porter Research Fund to honor its founder and strengthen the foundation of financial support sustaining, informing, and transforming ICIC to create more competitive and inclusive communities. The fund, which has raised more than $1,300,000 in unrestricted contributions for ICIC’s cutting-edge research, will support the organization’s ability to pursue trailblazing research projects, create new and effective programming, and continue expanding our efforts to drive inclusive economic prosperity and close the racial wealth gap.
Michael Porter’s Legacy: Transforming ICIC and Beyond
Since 1994, the challenges facing under-resourced communities have persisted, including high unemployment, low wages, underinvestment, and systemic racism. At the same time, increasing concentration of poverty, gentrification, suburbanization of poverty, growing income inequality and income segregation, and expanded immigration have changed the face of concentrated poverty, creating new challenges for community and economic development.
These challenges necessitate a mix of proven and new solutions that are tailored to the needs of individual communities. To develop these solutions, ICIC conducts research in five priority areas:
- Community and economic development
- Small business and entrepreneurship
- Industries and industry clusters
- Anchor institutions
- Evaluating technical assistance programs and impact investing initiatives.
These areas reflect the continuing relevance of Michael Porter’s concerns and methods, adapting them to new challenges.
Our research agenda has continuously positioned ICIC as the leading and most trusted resource on under-served communities and their economies, keeping us agile, flexible, and responsive to economic challenges and societal changes affecting small business ecosystems.
Special Thanks to Our Partners
A special thanks to our partners whose support has seeded the Michael E. Porter Research Fund. Their generosity underwrites ICIC’s ambitious research agenda and helps realize our vision to eliminate concentrated poverty and close the racial wealth gap. We gratefully acknowledge 100% participation by ICIC’s board members.
