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06 16 08 Sc Kansas City Presentation

06 16 08 Sc Kansas City Presentation






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  • SC believes that accurate and actionable market analytics should be used to attract private sector investment and inform public sector decisions with the guidance of community partners.

06 16 08 Sc Kansas City Presentation 06 16 08 Sc Kansas City Presentation Presentation Transcript

  • June 2008 W W W . S O C I A L C O M P A C T . O R G The Information Intermediary for Community Development
  • A tale of two neighborhoods … Neighborhood A Market Size Population: 328,001 Households: 126,321 Market Buying Power Agg. Neighborhood Income: $4.7 B Average Household Income: $37,283 Income per Acre: $785,000 Market Stability/Risk Median Home Value: $220,982 Source: U.S. Census Bureau, 2000 and Social Compact Harlem DRILLDOWN, 2008 Neighborhood B Market Size Population: 388,246 Households: 152,383 Market Buying Power Agg. Neighborhood Income: $8.4 B Average Household Income: $55,227 Income per Acre: $1.7 Million Market Stability/Risk Median Home Value: $600,000 Retail Spending: $364,540/acre
  • In over 300 undervalued neighborhoods across the country, Social Compact has found:
    • Larger Markets
      • 1,000,000 More residents
      • 350,000 More households
    • Greater Buying Power
      • $32 billion more aggregate household income (+29%)
      • $12 billion by informal economy income
    • Less Risk, More Stability
      • Falling crime rates
      • Booming property market
      • High owner occupancy by building
    Capturing Underserved Market Potential
  • Capturing Urban Market Potential Completed DrillDowns Baltimore, MD Cincinnati, OH Chicago, IL Cleveland, OH Detroit, MI Harlem, NY Houston, TX Jacksonville, FL Los Angeles, CA Miami, FL Oakland, CA Santa Ana, CA Washington, DC Current DrillDowns Denver, CO Fort Worth, TX Jacksonville, FL Kansas City, MO Louisville, KY Miami/North Miami, FL Oakland, CA Ontario, CA Philadelphia, PA San Francisco, CA Tampa/St. Petersburg, FL Future DrillDowns Atlanta, GA Charlotte, NC Chicago, IL Cleveland, OH Fresno, CA Memphis, TN Milwaukee, WI Minneapolis, MN Newark, NJ Pittsburgh, PA Raleigh, NC Richmond, VA San Antonio, TX St. Louis, MO Toledo, OH London, United Kingdom Manila, Philippines Guatemala City Recife, Brazil Quantifying Strength in America’s Communities in 200 Neighborhoods and Beyond …
    • The lack of information makes investment risk averse
    • Every community is a market
    • Investment is localized and defined by place
    Development Design Principles
    • Need to develop metrics that capture the private sector need for a return on investment with the public sector need for a public good
    Indicator Construction Effort
  • Building Tools For Informed Decision-making
  • Distribution of grocery providers overlaid with grocery store sales demand. 2007 Houston DrillDown Findings
  • 2007 Houston DrillDown Findings Grocery Customer Attraction
  • 2007 Detroit DrillDown Findings 3D Model of Grocery Demand
  • Cincinnati, OH Capturing Urban Market Potential New Tools: Risk Mitigation Profiles
  • Capturing Urban Market Potential New Tools: Foreclosure Impact Analysis
    • Census Challenge Process:
    • Since 2000, nearly 200 challenges netted over 1 MILLION in positive population adjustments to Census estimates
    • Challenging jurisdictions averaged a 9.2% undercount
    • Why this is important:
    • 1 MILLION in missed population equates to $2.2 BILLION in missed federal and state funding revenue in these markets
    • Census data drive private sector investment decision-making
    Capturing Urban Market Potential New Tools: Improving Census Estimates
  • Capturing Urban Market Potential New Tools: Urban Fabric Asset-Mapping
  • Different individual layers could be examined to understand the different textures of the neighborhoods to identify different layers individually as well as understanding neighborhoods at the combined level of the arts and health elements to identify the “ textures of urban fabric ” Capturing Urban Market Potential Urban Fabric
    • Broadening Access to Methodology
    • Licensing methodology among a community of local data houses
    • Maximizing replicable, updateable processes to build new tools on top of robust, granular-level, transaction-based market data not currently available
    • Expanding the Toolkit
    • Demographic research
    • Surveys
    • Land valuation tool
    • Risk mitigation tool
    • Moving Message Internationally
    • Piloting 1 st international DrillDown in London, UK
    • Exploring Feasibility Study to implement DrillDown
    • framework in developing countries with the World Bank
    Capturing Urban Market Potential Expanding Scale
    • Community development tools
    • Social Fabric
    • Retail
  • W W W . S O C I A L C O M P A C T . O R G John Talmage, President and CEO Social Compact, Inc. [email_address] 738 7 th Street, SE Washington, DC 2003