Regional economic connectivity is an economic, workforce, and community development strategy that focuses on industry clusters that are thriving in the broader region and establishing them within under-resourced communities (URCs). To better understand how well and under which circumstances distressed communities benefit from regional economic connectivity, ICIC and SRI examined geographic patterns of industry cluster employment in 181 metropolitan areas using a combination of data analysis and case study evidence. The result of this study is the new report Regional Economic Connectivity: A Strategy to Build Opportunity in Distressed Communities. Findings in the report indicate that URC economic connectivity is more prevalent in small and medium-sized metropolitan areas, suburban URCs, clusters that are highly specialized regionally, manufacturing-based clusters, clusters with low educational requirements for entry-level workers, and lower-wage clusters. The report also indicates a significant opportunity for economic developers and their partners to target asset development and other strategic investments to grow regionally strong clusters in URCs. Read More

Steve Grossman, CEO of ICIC, shared an inspirational journey during the kickoff of ICIC’s Annual Conference in Miami on December 12, 2023. Josue Velney, CEO of Velney Development, LLC, a participant in the 2023 Boston ICCC cohort, is a former Marine turned real estate developer, who exemplifies ICIC's mission of fostering inclusive economic prosperity and job creation in under-resourced communities. Josue’s military background influences his leadership in real estate and the challenges he and other entrepreneurs navigate, including high interest rates and societal issues. ICIC's conference theme, "Reflect, Reunite, Renew," reflects Josue's commitment to community renewal. The collective strength and potential within under-resourced communities, highlighted through entrepreneurial journeys such as Josue’s inspire a shared vision of economic empowerment and sustainable growth. Read the full article to learn about Josue Velney's impactful role and resilience. Read More

Mr. Tesone’s personal mission is to empower Hispanic women by creating sustainable, for-profit, social enterprises. In 2015, Mr. Tesone founded TISSINI, his second national platform company focused on offering US Hispanic women the opportunity to earn extra income via a simple social selling model. Says Mr. Tesone, “I am convinced that ... Read More

Though Miami’s innovation ecosystem is still in its infancy, there are many reasons to be hopeful for its prolonged success. Read More

The EB-5 Immigrant Investor program, initially launched in 1990 to use foreign direct investment to create jobs in high poverty and high unemployment urban and rural areas, has experienced a rapid uptick in applications over the past few years. Read More