Program Update
Inner City Capital Connections
ICIC’s signature program, Inner City Capital Connections (ICCC), was launched in 2005 with a founding grant from Bank of America to assist established small- and medium-sized businesses in under-resourced communities in building capacity for sustainable long-term revenue growth, profitability, and local job creation. The 40-hour “mini-MBA” has continuously evolved to provide business owners with timely and actionable information, connections, and coaching.
In 2023, ICCC served more than 800 businesses in 14 cohorts across the U.S. and Canada. As we and the small businesses we work with emerged from the shadow of the COVID-19 pandemic, we offered the program and events in-person and in virtual modalities, providing additional flexibility to our participants and alumni. We created welcoming virtual spaces to bring together regional and national audiences, and once again provided culturally relevant programming in Spanish to LatinX businesses from 11 different states. ICCC hosted more than two dozen webinars to strengthen our core lessons and showcased the expertise of our alumni who led more than half of those webinars.
ICCC continues to expand our offerings, not just for current participants, but also for alumni. This year, with the financial support of Kaiser Permanente, ICCC launched or will launch pilot initiatives around digital sales optimization, mental well-being, procurement, and government contracting, creation of “good jobs,” and credit building.
Read more about the impact of Inner City Capital Connections »
Learn more about the ICCC program »
Impact to Date: All Alumni Achievements (2005 – 2022)
28K
Jobs created
153%
Average revenue growth
$2.5B
Total capital raised
2023 Impact Snapshot: Inner City Capital Connections
819
Number of
businesses served
88%
BIPOC-owned/led businesses
64%
Total capital raised
$529K
Average revenues
9 years
Average age of businesses
6
Average number of full-time employees
Alumni Spotlight
“I am so glad that I applied to the ICCC program in 2019. I made long lasting connections, learned applicable tools from workshop speakers but most of all they cared about the individual success of my business and how they could help me to move forward. Just like the rest of the world, the year 2020 took my family and
business by storm. I was forced to make pivots in my business that allowed for me not only to sustain as a business owner but to help others. The ICCC team positioned me to present my many years of experience to help other ICCC Businesses and Alumni with a workshop that I hosted. This partnership helped to introduce my
business to new markets and I was able to increase my National awareness as I moved on to continue to build International partnerships in France.”
Devon Moody-Graham, CEO
CEOMom Empire LLC
Saint Louis, Missouri
devonmoodygraham.com
ICCC St. Louis (2019 & 2022)
“This program has been fundamental in the growth of my company. Three things I really want you to walk away with from [the program]. The first is networking, you have an amazing cohort of folks that are there to help you grow and scale. The second thing is the events, both virtual and in-person at the National Conference. You cannot miss these opportunities. The last and probably the most insightful piece is all their classes and digital assets that they provide to you through training.”
Roberto Martinez, CEO
Braven Agency
Long Beach, California
bravenagency.com
ICCC Los Angeles 2018