The Initiative for a Competitive Inner City (ICIC) is a national nonprofit organization that operates the Inner Cities Capital Campaign (ICCC) – a path-breaking program that provides access to private capital for small businesses located in economically distressed urban areas of the U.S. The program targets a category of businesses that face difficulty accessing capital through traditional channels.
To help it assess the effectiveness of the program, ICIC turned to EDR Group to additoinal quantitative economic analysis of the program’s job impacts. In a series of five annual studies, EDR Group relied on surveys of financing awardees to document direct impacts on job growth in the affected local areas, and then applied input-output economic models to calculate broader indirect and induced effects. The first study examined program outcomes from the program start in 2004 through 2010. A series of five annual update studies since that time have examined subsequent annual impacts.