What is The ICIC?
The ICIC is a dedicated entity focused on driving inclusive economic prosperity within under-resourced communities. Through innovative research and targeted programs, the organization endeavors to create sustainable jobs, increase income levels, and build wealth 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 advance community economic development. Furthermore, ICIC acknowledges and celebrates high-growth businesses in these areas via its Inner City 100 Awards, serving small and mid-market businesses with essential resources, education, and support for enduring growth.
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
What's next for The ICIC?
With the recent infusion of capital, The ICIC is poised for enhanced operational capacity and expanded program reach. This large-scale, late-stage funding suggests a strategic phase of scaling and solidifying its impact in community economic development. The organization is likely to leverage this investment to deepen its engagement with small and mid-market businesses, potentially broadening its geographical focus or enhancing its existing support structures to further its mission of inclusive prosperity.
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