Blog: Economic Development
Federal Reserve’s Conference Highlights How Investments in Children Translate to Economic Growth
Linking inner city businesses to strong regional clusters. Engaging anchor institutions to create shared value. Connecting inner city companies to appropriate growth capital and contracting opportunities. Supporting management education and strengthening business networks. At ICIC, we talk at length about these drivers of inner city economic development as strategies crucial for ... Read More
The Critical Role Small Businesses Play in Inner City Revitalization
Through more than two decades of research and practice, ICIC has recognized the importance of small businesses in growing urban economies, revitalizing inner city neighborhoods and creating jobs and wealth for inner city residents. Encouragingly, small businesses continue to grow and hire new employees across the U.S. Read More
Trump’s Proposed Budget Would be Devastating for Inner City Economic Development
During his election campaign, President Donald Trump promised the American people he’d slash federal spending and roll back duplicative programs. So when his administration released its proposed 2018 budget last month, it came as no surprise that cuts had been made. But it was the extent of those cuts – and the programs affected by those cuts – that sent shockwaves through the nation. Read More
Are Inner Cities Retail Deserts?
The influx of new residents, accompanied by a growing number of restaurants, coffee shops, retail outlets, and other amenities to serve them, has transformed many urban neighborhoods over the past decade. A walk through any low-income, inner city neighborhood, however, often reveals a different reality. While many of these neighborhoods have also grown in population, the mix and number of shops serving local consumers seem to differ from other parts of the city. Read More
ICIC and Massachusetts Congressman Seth Moulton launch first-in-the-nation initiative to stimulate business growth and job creation
In February ICIC and Massachusetts 6th District Congressman Seth Moulton announced a partnership to strengthen the small business ecosystem in his district’s seven cities. Moulton’s North Shore district is the first in the nation to offer ICIC’s Inner City Capital Connections (ICCC) program as part of a region-wide strategy to stimulate business growth and job creation. Read More