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via Entrepreneurial

A new lifeline for inner city businesses

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Reuters spoke to Mary Kay Leonard, CEO of the Initiative for a Competitive Inner City, a Boston-based national non-profit that educates investment-ready inner-city businesses about growth capital. The group last week held its seventh annual Inner City Capital Connections Program to match companies with capital providers in conjunction with Bank of America and Fortune magazine.

Q: What is ICIC?

A: ICIC is a national non-profit based in Boston. We’re basically a research and strategy firm focused on growing jobs in the most economically distressed areas in our cities. One of the issues we know that businesses in the inner cities face, especially smaller businesses, is the ability to access capital.

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      "Deborah Cohen writes a weekly column on small business for Reuters.com. Small business coverage is a big change for Deborah, a former staff writer with Reuters, Crain’s Chicago Business, Bloomberg News and the Post-Tribune in Gary, Ind., whose prior beats focused on large public companies in the fast-food, telecommunications and advertising industries. She has written for Business Week's Chicago edition, the American Bar Association's ABA Journal, Indianapolis Monthly magazine, QSR magazine, Forward magazine, and Bloomberg magazine, among other publications."
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