What is The ICIC?
The ICIC is committed to advancing economic well-being in underserved communities through pioneering research and impactful programs. Their core mission revolves around job creation, income generation, and wealth accumulation for local residents. Key initiatives include the Inner City Capital Connections and the Cultivate Small Business program, both designed to bolster small business entrepreneurship and drive community economic development. Furthermore, ICIC acknowledges and celebrates high-growth businesses within these communities via the Inner City 100 Awards, serving small and mid-market businesses with essential resources, education, and support for sustainable expansion.
How much funding has The ICIC raised?
The ICIC has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in The ICIC
PPP
Public-Private Partnership
What's next for The ICIC?
With the recent large-scale late-stage funding, The ICIC is strategically positioned to amplify its impact on inclusive economic prosperity. This capital injection is expected to fuel the expansion of its innovative research and programmatic offerings, potentially leading to the creation of more jobs and wealth in under-resourced communities. The organization's focus on small business entrepreneurship and community economic development, coupled with its recognition of fast-growing local businesses, suggests a future where its influence in fostering sustainable growth will deepen. Future investments will likely target scaling successful programs and exploring new avenues for economic empowerment.
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