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 under-resourced communities and small businesses thrive. ICIC collaborates with fortune 500 companies, anchor institutions, and local stakeholders to advance knowledge of underserved economies and the strategies that inform local economic policy.
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.
Kaiser Permanente has partnered with ICIC on our Inner City Capital Connections (ICCC) program to realize Kaiser’s vision for improved wellness outcomes through economic empowerment.
Santander and ICIC have partnered together to launch Cultivate Small Business, an innovative 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.
Bank of America and ICIC co-created the Inner City Capital Connections (ICCC) program in 2005, which is now offered in dozens of cities throughout the United States and Canada. 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 more than five thousand under-resourced companies who are engines of economic growth in their communities
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.
FedEx has partnered with ICIC to create a robust Inner City Capital Connections (ICCC) site in Memphis as well as bringing the program back to Dallas, 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, including presenting the annual FedEx Champion of Global Entrepreneurship Award.
With Regions’ support, ICIC has brought the Inner City Capital Connections (ICCC) program to Birmingham, Memphis, St. Louis, Tampa Bay, Atlanta, Houston, Indianapolis, and Nashville over the last several years. By providing local entrepreneurs with access to capital, education, and resources for growth, Regions is helping create shared value by strengthening economically-distressed small business ecosystems throughout its footprint.
AmerisourceBergen and The AmerisourceBergen Foundation have partnered with ICIC on our Inner City Capital Connections (ICCC) program to drive inclusive economic growth and provide capacity building for small businesses, including a subset that are health care-focused. businesses.
Robert Wood Johnson Foundation
With a grant from the Robert Wood Johnson Foundation, and in partnership with SRI, ICIC is conducting research on regional economic connectivity as a pathway to tackling concentrated poverty and advancing inclusive innovation.
As part of Yum! Brands’ global Unlocking Opportunity Initiative, which is its commitment to tackle inequality and make a positive and sustainable social impact in communities and on frontline restaurant workers, Yum! has partnered with ICIC to bring the Inner City Capital Connections (ICCC) program to Canada for the first time as well as in support of the Dallas ICCC program. The program focuses on equity and inclusion, education and entrepreneurship – all key tenets of Yum!’s initiative. Delivered in partnership with Pizza Hut and KFC, the program is offered in English and Canadian French, targeting minority-, immigrant-, indigenous-, and disabled-owned businesses throughout Canada.
As part of its vision for a world where all families and communities have access to economic opportunity and shared prosperity, Target has partnered with ICIC since 2019 in support of the Inner City Capital Connections program. Target has helped the ICCC program to scale into markets such as Chicago, Atlanta, Detroit, and Dallas, working to remove structural barriers and help create access for those who have been left out and left behind so that they can more meaningfully participate in the economy.
Arctaris has been a leading supporter of the Inner City Capital Connections program since 2015, supporting cohorts in Massachusetts and Detroit. Arctaris has partnered with the Kresge Foundation, ICIC, and multiple other foundation, federal and state government agencies to invest in Opportunity Zones, inner cities and targeted rural communities throughout the U.S., with the aim of delivering above-market investment returns alongside positive social impact.
ICIC and Intuit have partnered in support of the Building for Growth (BFG) construction cluster small business program. Through this partnership, ICIC and Intuit are providing BIPOC- and woman-owned businesses in the construction industry with networks, tools, and education needed to build their backlog, access capital, and increase their bonding capacity.
To promote the growth and sustainability of under-resourced communities through economic development initiatives, PNC has partnered with ICIC in support of the ICCC program in Baltimore, our inaugural national Latinx ICCC cohort, and the Annual Conference. This partnership enhances PNC’s work on positively impacting local communities, advancing economic empowerment, and addressing systemic racism. PNC’s commitment to ICIC builds on its deep understanding that it is only as strong as the communities where it operates and that when these communities prosper, so does PNC.
PG&E is collaborating ICIC to pioneer the Building for Growth (BFG) construction industry small business program. PG&E is nominating California-based Black, Indigenous, and People of Color (BIPOC)- and woman-owned construction companies to participate in this transformative program. BFG is also an opportunity for PG&E to engage with community-based organizations and prime suppliers to provide coaches and mentors to participants of the program.
Boston Consulting Group has been one of ICIC’s most enduring partners, working with us to accelerate inclusive growth in America’s most underserved communities starting with our groundbreaking joint retail research study in 1998. Over the years, BCG has provided ICIC with strategic consulting services to maximize our impact, supported the IC100 award and our Annual Conference, and helped design Building for Growth, ICIC’s new tuition-free program which aims to help BIPOC- and woman-owned construction contractors build capacity and develop sustainable growth strategies that position their businesses to increase revenues and profits.
ICIC and General Motors have partnered to bring the Inner City Capital Connections (ICCC) program to Detroit for the first time since 2013. The partnership delivers upon GM’s efforts to foster the growth and sustainability of diverse small businesses. For GM, Supplier Diversity is the economic engine that drives empowerment, equity, and inclusion into our supply chain & business community. Supporting local businesses with the technical assistance that they need to thrive is an investment in our collective future.
Ewing Marion Kauffman Foundation
With a grant from the Ewing Marion Kauffman Foundation, ICIC is studying the impact of the COVID-19 recession and the progress of economic recovery for businesses categorized by size, industry, and the business owner’s race, ethnicity, and gender. With Kauffman’s support, ICIC will release quarterly dashboards, public reports, and webinars that track the recession’s impacts on the number of jobs and businesses at the national, state, and local levels.
Vizient’s support of ICIC’s Inner City Capital Connections program helps ensure that small business owners in cities around the country will receive effective executive training, coaching/mentoring, and access to capital. Vizient, the largest Group Purchasing Organization in the United States, began its partnership with ICIC in 2018, to bring ICCC’s unique program model to small businesses within its network of more than 1600 members.
ICIC is also deeply grateful to its partners for their generous support of our mission. The following contributed $20,000 or more during the past two years:
Evelyn & Doug Chamberlain
The Edgerley Family Foundation
Frieze Family Foundation
Barbara & Amos Hostetter
Kessler Family Foundation
Lovett-Woodsum Foundation, Inc.
Matthew A. & Susan B. Weatherbie Family Foundation
Kymber & Bo Menkiti
National Business League, Inc.
Network for Untapped Entrepreneurs
Judy & Stephen Pagliuca
Papitto Opportunity Connection Foundation
Michael E. Porter
Katie & Kevin Prokop
Rhode Island Commerce Foundation
Rubenstein Family Foundation
Susan Schiro & Peter Manus
Rosalyn & Richard Slifka
ICIC drives inclusive economic prosperity in under-resourced communities through innovative research and programs to create jobs, income, and wealth for local residents.
PO Box 191297
Roxbury MA 02119
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