July 24, 2014 7:42 AM ET

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Company Overview of Initiative for a Competitive Inner City

Company Overview

Initiative for a Competitive Inner City (ICIC), a non-profit organization, offers inner city business and economic development services. It provides economic research, strategy, and communication; capital raising; private sector investment seeking; and consulting services. The organization has strategic alliances with Boston Consulting Group, Foley Hoag, Bill & Melinda Gates Foundation, Inc. Magazine, Ewing Marion Kauffman Foundation, and PricewaterhouseCoopers, LLP. ICIC was founded in 1994 and is based in Boston, Massachusetts.

200 High Street

Floor 3

Boston, MA 02110

United States

Founded in 1994





Key Executives for Initiative for a Competitive Inner City

Chief Executive Officer and President
Founder and Chairman of the Board
Age: 67
Senior Vice President and Director of Research
Vice President and Director of Development
Compensation as of Fiscal Year 2014.

Initiative for a Competitive Inner City Key Developments

Initiative for a Competitive Inner City and Next Street Financial LLC Set a New Alliance to Accelerate Inner City Economic Development and Job Growth

Initiative for a Competitive Inner City announced a strategic alliance with Next Street Financial LLC to accelerate the implementation of economic development strategies in low-income areas of U.S. cities. Next Street brings expertise in the critical disciplines growing businesses need most: financing, business planning, organizational development and marketing. Next Street also assists cities, states, and anchor institutions with urban economic development strategies. It has guided over $300 million in investment to community development projects as well as administering its own small business loan fund. To facilitate collaborating, ICIC will co-locate with Next Street at 184 Dudley Street in Roxbury, MA. ‘The two organizations will remain separate, with their own CEOs and management teams reporting to their respective boards,’ notes ICIC's Leonard. ICIC will remain a 501c3 mission driven organization, with its work freely available to all. A coordinating committee led by the founders of the two organizations, will oversee the joint activities that flow from the new collaboration. ICIC and Next Street expect the new alliance to be up and running by January 1, 2013.

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