Blog: Urban Revitalization
With an unwavering focus on impact, one pioneering entrepreneur brings growth to his company and community
Every year at the Inner City 100 Awards and Conference, ICIC presents an entrepreneur with the Marcia Lamb Inner City Innovation Award, which recognizes visionary leadership at the forefront of creating positive change in urban economic development and inner cities. This year, the honor was presented to Bo Menkiti, CEO of The Menkiti Group and Keller Williams Capital Properties, real estate development and brokerage firms in Washington, DC. 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
Innovation within the Impact Investing Space is Driving Inner City Revitalization
Impact investing is a double bottom line investment approach that looks to generate a competitive rate of return while investing funds into projects that will have a positive social, economic or environmental impact. There are now at least $114 billion worth of impact investing assets under management, according to a recent survey conducted by the Global Impact Investing Network (GIIN), a group of charities, banks, foundations, insurance companies and asset managers dedicated to increasing impact investing. Read More
Grocery Stores Growing into Their Role as Inner City Economic Catalysts
From urban agriculture to kitchen incubators, many forms of food-related enterprises can act as catalysts for inner city job growth and business development. While the direct impact of grocery stores is more commonly considered part of the broader discussion around food deserts, they too can have significant economic effect on their local communities. Read More
Bottoms Up: Craft Breweries Help Spark Revitalization in Inner Cities
The craft beer industry has expanded rapidly in recent years. Between 2009 and 2016, the number of craft breweries expanded from 1,596 to 5,234, according to the Brewers Association. The number of craft breweries increased by 16.6 percent between 2015 and 2016 alone. Read More