Blog: Economic Development
Small Business Forward Advances a Data-Driven Approach for Entrepreneurial Support
As part of our partnership with JPMorgan Chase's Small Business Forward program, ICIC has been working closely with a group of entrepreneurial support organizations (ESOs) focused on the high-tech sector to better understand their impact on early-stage businesses. As the field of entrepreneurial support continues to mature, our evaluation provides a critical opportunity to better understand what effective support for high-tech, early-stage businesses looks like. Our findings also start to fill a critical data gap for ESOs. Read More
Why we celebrate small business every day, not just this Saturday
With Small Business Saturday coming up, our CEO, Steve Grossman, explains how and why we celebrate small business all year long. Read More
Howard University’s Strategic Anchor Engagement Continues to Benefit D.C.’s LeDroit Park Neighborhood
The relationship between universities and their surrounding communities can often prove challenging, with both groups struggling to find a common language for communicating needs and opportunities. In Washington, D.C., Howard University has long had a complex and multilayered relationship with the LeDroit Park neighborhood, located immediately southeast of the university. Read More
New York City Supports Industrial Development through Innovative Financing Solution
In many cities across the country, preservation of industrial land has become difficult as strong demand for housing has led to the redevelopment of many formerly industrial sites into mixed-use projects that feature housing, retail, and office space. This loss of industrial land raises important and timely questions about how cities are pursuing balanced and equitable economic development. ICIC’s own research has shown that many industrial jobs allow workers to earn a living wage: on average, workers earn 200 percent over federal minimum wage. In addition, industrial areas—often located in inner cities—can provide accessible employment opportunities for local residents. Read More
Interest Rate Buy-Down Program in Corpus Christi Supports Underserved Entrepreneurs in Need of Capital
In the early 2000s, Corpus Christi, Texas – a city of over 300,000 with a poverty rate hovering around 18 percent – was searching for ways to support its entrepreneurial community. Read More