Economic Development in Inner Cities
We believe distressed inner city communities can only prosper when they are integrated into the regional and national economy. Trying to cure the inner city’s problems solely by increasing social investment has rarely been successful. But when we approach revitalization from a competitiveness perspective, we begin to see the existing and potential competitive advantages that are the key to building thriving private-sector businesses, sustainable job growth, and healthy communities.
More about Michael Porter’s Competitiveness Frameworks
Anchor Institutions & Community Vitality
The Initiative for a Competitive Inner City
The Initiative for a Competitive Inner City (ICIC) is a national, not-for-profit organization founded in 1994 by Professor Porter. The ICIC seeks to spark the revival of inner cities by bringing market-based approaches to economic development in these distressed areas. Its mission is to help inner cities create jobs, income and wealth for local residents.
More about ICICCreating Shared Value
Almost all big companies have active charitable programs and give to social service organizations. But they rarely grasp that helping revitalize their local communities can enhance their competitiveness. Such strategies should be based on the concept of shared value, practices that increase productivity while benefiting the community.
Learn more about CSV