ICIC

ICIC and SRI Release Landmark Report on Enhancing Economic Opportunities in Distressed Communities Through Regional Connectivity

Retrieved on: 
Wednesday, April 3, 2024

Boston, MA, April 03, 2024 (GLOBE NEWSWIRE) -- The Initiative for a Competitive Inner City (ICIC) and SRI today unveiled a groundbreaking report titled " Regional Economic Connectivity: A Strategy to Build Opportunity in Distressed Communities ."

Key Points: 
  • Boston, MA, April 03, 2024 (GLOBE NEWSWIRE) -- The Initiative for a Competitive Inner City (ICIC) and SRI today unveiled a groundbreaking report titled " Regional Economic Connectivity: A Strategy to Build Opportunity in Distressed Communities ."
  • The report aims to bridge the economic divide by fostering connections between distressed communities and the more prosperous parts of their metropolitan areas.
  • "Regional Economic Connectivity" not only identifies the mechanics of economic integration but also provides actionable insights for economic development professionals, policymakers, community leaders, and private and public sector partners.
  • “Through this report, ICIC and SRI offer a novel approach to economic development that prioritizes both growth and equity,” said Howard Wial, Senior Vice President and Director of Research at ICIC.

ICIC Launches "What’s Your Why?" Campaign to Celebrate 30 Years of Impactful Economic Empowerment in Under-Resourced Communities

Retrieved on: 
Thursday, February 15, 2024

campaign, commemorating ICIC’s three decades of fostering economic growth and opportunity in underserved communities through groundbreaking research and programs.

Key Points: 
  • campaign, commemorating ICIC’s three decades of fostering economic growth and opportunity in underserved communities through groundbreaking research and programs.
  • The campaign aims to showcase the varied and impactful stories from program participants, funders, nominators, and staff, underscoring the significant contributions to job creation, income, and wealth generation for local residents.
  • Understanding what drives their passion fuels our mission and shapes our future," stated Steve Grossman, CEO of ICIC.
  • "Their stories and dedication remind us of the powerful network we've created together, a network that continues to champion economic empowerment and transformative opportunities.

ICIC's 2023 Impact Report: Celebrating Entrepreneurial Success and Resilience in Underserved Communities

Retrieved on: 
Monday, February 5, 2024

The report emphasizes the critical role small business owners play in driving economic growth and job creation, particularly in underserved communities.

Key Points: 
  • The report emphasizes the critical role small business owners play in driving economic growth and job creation, particularly in underserved communities.
  • As a veteran, a woman, and a person of color, her journey speaks volumes about the potential and resilience within these communities.
  • It captures the essence of entrepreneurial resilience – the ability to overcome hurdles and seize opportunities, a theme that resonates throughout the document.
  • The 2023 Impact Report is more than just a collection of success stories.

Arctaris Impact Investors: Leveraging Public-Private Partnerships to Amplify Impact

Retrieved on: 
Wednesday, September 13, 2023

Arctaris Impact Investors, LLC (“Arctaris Impact”), a Boston-based impact investment firm with over 14 years of experience and seven funds, is proud to present the Arctaris Annual Impact Report: Leveraging Public-Private Partnerships to Amplify Impact.

Key Points: 
  • Arctaris Impact Investors, LLC (“Arctaris Impact”), a Boston-based impact investment firm with over 14 years of experience and seven funds, is proud to present the Arctaris Annual Impact Report: Leveraging Public-Private Partnerships to Amplify Impact.
  • View the full release here: https://www.businesswire.com/news/home/20230913570526/en/
    The 2022 Arctaris Impact Report underscores impact metrics at both the fund and portfolio company levels, harmonizing outcomes with the U.N.
  • Jonathan Tower, CEO and Founder of Arctaris Impact, remarks, “Our core objective is to weave impact into every investment decision, propelling equitable prosperity in under-resourced communities.
  • Arctaris Impact is convinced that rigorous impact evaluation and stewardship elevate tangible community benefits over time.

Grove Impact and ICIC release new report demonstrating the economic potential of increasing diversity in real estate development

Retrieved on: 
Friday, March 3, 2023

NEW YORK, March 3, 2023 /PRNewswire/ -- Today, Grove Impact and the Initiative for a Competitive Inner City (ICIC) released a first-of-its kind report that documents the many constraints Black and Hispanic real estate developers face and demonstrates the enormous economic potential in removing these barriers. Part of Grove's Obsidian Ecosystem Initiative (OEI) and with funding from Siegel Family Endowment, the report concludes with a series of recommended solutions to increase diversity throughout the industry.

Key Points: 
  • NEW YORK, March 3, 2023 /PRNewswire/ -- Today, Grove Impact and the Initiative for a Competitive Inner City (ICIC) released a first-of-its kind report that documents the many constraints Black and Hispanic real estate developers face and demonstrates the enormous economic potential in removing these barriers.
  • Part of Grove's Obsidian Ecosystem Initiative (OEI) and with funding from Siegel Family Endowment , the report concludes with a series of recommended solutions to increase diversity throughout the industry.
  • "There's a stark representation crisis facing the real estate industry today," said Derwin Sisnett, Lead Partner at Grove Impact.
  • In publishing this report, we hope to demonstrate the tremendous economic benefits of uplifting diverse real estate developers not just for underserved neighborhoods, but for the economy at-large."

New FOI resources to support public authorities

Retrieved on: 
Saturday, February 4, 2023

We want to enhance the experience and outcomes for people making FOI requests and also support public authorities to be transparent and accountable about the decisions they make.

Key Points: 
  • We want to enhance the experience and outcomes for people making FOI requests and also support public authorities to be transparent and accountable about the decisions they make.
  • We now have a new Upstream Regulation team in place to provide more help for public authorities dealing with FOI requests.
  • In order to provide the best support we can, our team has been establishing exactly what public authorities want help with and what they think that support should look like.
  • Once we have the results of the external research, we’ll be finalising our goals and programme of work to ensure we’re providing the best resources and support possible to public authorities.

Astyra Corporation Recognized as One of America's Fastest Growing Inner-City Companies

Retrieved on: 
Monday, December 12, 2022

RICHMOND, Va., Dec. 12, 2022 /PRNewswire/ -- Astyra Corporation earned a spotlight on the Inner City 100 list for the second year in a row. The Initiative for a Competitive Inner City (ICIC) spotlights 100 fastest growing businesses located in inner cities annually. ICIC recognizes companies that experienced rapid growth as well as made meaningful impact and contribution within their communities. This award is an honor well received by Astyra for the fourth time.

Key Points: 
  • The Initiative for a Competitive Inner City (ICIC) spotlights 100 fastest growing businesses located in inner cities annually.
  • ICIC recognizes companies that experienced rapid growth as well as made meaningful impact and contribution within their communities.
  • Astyra previously earned a spot on Inc. Magazine 2022 Top 5,000 list and The RVA 25 .
  • Established in 1997, Astyra Corporation is an award-winning staffing and consulting firm located in Richmond, Virginia.

Texas Businesses Create New Job Opportunities in Underserved Communities with $100,000 Grant from Founders First CDC

Retrieved on: 
Thursday, September 8, 2022

DALLAS, Sept. 8, 2022 /PRNewswire/ -- Founders First CDC, a national 501(c)(3) non-profit organization that empowers expansion in diverse founder-led, revenue-generating businesses, announced the grant finalists of the second iteration of its Job Creators Quest Grant today during a virtual press conference. More than 2,500 Texas businesses applied for the grants and 30 finalists were selected, with minority and underrepresented business owners receiving $100,000, collectively in cash and full tuition scholarships to a Founders First CDC Business Accelerator Program. The grant finalists were selected from throughout the state, including Austin, Dallas-Fort Worth, Houston and San Antonio, serving a variety of industries – from construction and manufacturing to STEM and healthcare, to hospitality, and more. 

Key Points: 
  • "Founders First CDC aligns perfectly with our mission, and we're excited about the opportunities the Job Creators Quest Grant will afford these grant recipients."
  • The Job Creators Quest Grant is designed to help business owners create premium wage jobs and reward diverse-led businesses throughout the state of Texas to retain and grow their workforce through the pandemic.
  • This will help to positively impact the local economy, create job opportunities with higher wages and provide the human capital needed for businesses to grow and expand.
  • In addition to announcing the grant finalists of the Job Creators Quest Grant, Founders First CDC also announced a national grant opportunity, the Stephen L. Tadlock Fund , a grant for veteran-owned businesses.

Arctaris Releases Annual Impact Report, Achieving Record Growth

Retrieved on: 
Monday, August 29, 2022

Arctaris Impact Investors, LLC (Arctaris), the largest impact-focused Opportunity Zone fund manager nationally1, released its 2021 Arctaris Impact Report: Resilience, Recovery, Revitalization .

Key Points: 
  • Arctaris Impact Investors, LLC (Arctaris), the largest impact-focused Opportunity Zone fund manager nationally1, released its 2021 Arctaris Impact Report: Resilience, Recovery, Revitalization .
  • To read more on Arctaris progress towards continuous impact creation, please view the 2021 Impact Report here .
  • Arctaris Impact Investors, LLC is a Boston-based impact investment firm with experience spanning more than 13 years over 7 funds.
  • 2022 All information is the property of Arctaris Impact Investors LLC ("Arctaris").

KFC Canada launches Recipe For Success Mini MBA Program, giving entrepreneurs the ingredients to succeed

Retrieved on: 
Wednesday, August 3, 2022

The KFC Recipe For Success Mini MBA Program is offered as a cohort of ICIC's Inner City Capital Connections (ICCC).

Key Points: 
  • The KFC Recipe For Success Mini MBA Program is offered as a cohort of ICIC's Inner City Capital Connections (ICCC).
  • The Recipe for Success Program is now accepting applications from businesses in underrepresented communities for the ICCC Canada cohort that begins in October.
  • KFC's Recipe For Success Mini MBA Program is divided into four components designed to maximize the participants' experience and accommodate their busy schedules.
  • Visit ICIC's website for additional details about the Recipe For Success Mini MBA Program and ICCC, including eligibility criteria and applications here .