Entrepreneurs and investors face a similar dilemma in deploying and operating in economically distressed areas. The Array of Opportunity proffers a model for deploying multiple businesses and leveling-up the opportunity to thrive via tech-enabled operational and built assets.
Current scenario of Energy Retail utilities market in UK
Array of Opportunity: The Big Picture
1. 5-Miles
15-minutes from a major airport. 20-minutes from downtown Chicago. 15-minutes
from two universities, several colleges, a professional sports stadium, a world
acclaimed lakefront, and museums.
The Opportunity will be proven in
Chicago’s Englewood Neighborhood
2. 5-Miles
Communities affected by longstanding distress have
experienced traditional revitalization as shortsighted,
under strategized, and opportunistically technocratic …
systemic to social and
economic
disinvestment
3. The disinvestment cycle is broken when untapped
entrepreneurial passion becomes an asset to inclusive
investment dollars in thriving hyperconnected settings.
5-Miles
4. 5-Miles
To be deliberate about sustained
economic revitalization.
To consider untapped potential in local
economic development.
To Improve the Neighborhood Experience.
6. THE BIG PICTURE Find Available
Land
Find Proposed
Businesses
Hyperconnect Business to
Affinity and Flow
Match Land to Business by
Customer Affinity and Flow
Drive Decisions Via
Affinity Data
DEVELOP
ENHANCE
ACCELERATE
Premise Outcomes
Approach
Increased Area
Assets
Increased Area
Customer Traffic
Augmented Area
Operations and
Development
7. Strategically Plan A Small Example
Identify Land, Property and Proposed Businesses
Normalize a Funding Model
Invest in Development of Land
Invest in development of properties.
Invest in development of startup and existing businesses
Leverage Data for Reinvestment in Business Districts
Significantly modernize uniqueness of the built environment
Establish a “vocabulary” of public and private data
THE Approach
8. The scaled down AoO pilot $24m investment in
1- block and 5 businesses is appropriate and
allows identification of efficiencies needed to
repeat the most economically sustainable
model throughout the corridor.
A Scaled-down Visible Pilot
Twelve Thousand
Square Feet of Blank
canvas
Strategically Plan A Small Example
10. • an existing business district
• placed-based transit-oriented investment
• creation of Vision Cluster (5 businesses)
e-retail,
entertainment and leisure,
public safety,
additive product retailing
• Enhanced built environment
• workforce housing
• foot traffic from anchor/stores
• Attracting visitors from local transit hubs
The AoO Pilot
A $24m 10-year investment
Strategically Plan A Small Example
12. Public Safety
Additive Product
Retailing
E-tailing
PrintWorks sells inventory
from producers via APIs of 3-
printer directories.
5-15
FT/PT
$-
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
1 2 3
Product Sales
Smallbox sells inventory from
big box store in an inventory-
less experience.
5-15
FT/PT
$-
$2,000,000
$4,000,000
$6,000,000
$8,000,000
1 2 3
Retail sales
Iyi is a local venue for
performance with hyperlocal
communication with artists’
fanbases.
$-
$1,000,000
$2,000,000
$3,000,000
$4,000,000
1 2 3
Ticket Sales
5-25
FT/PT
$-
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
1 2 3
DAAS Fees
Neighbors’ Scout drones
assist residents and property
owners.
5-15
FT/PT
Sage is a gastropub for lunch
and dining, members’ edible
infused dining, and green
rooftop.
$-
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
1 2 3
Food Sales
15-25
FT/PT
Investing in the brightest
potential from incubators
and universities.
Entertainment &
Dining
Strategically Plan A Small Example
13. Public Safety
Additive Product
Retailing
E-tailing
Entertainment &
Dining
Gain industry momentum
Chicago Beverage
Club Lago
Chop Shop 1st Ward
Lettuce
Cresco Labs
Wana Brands
Au Cheval Diner
Shapeways
ExOne 3D
Xometry
Rakuten/Linkshare
Walmart
Amazon
Chicago OEMC
Chicago DoIT
United Protection Agency
Motorola Ventures
Aria Insights
FLIR
We’ll seek impact
investment and advisory
relationships with
potential market
partners.
Strategically Plan A Small Example
14. The obstacle stack for the Vision Cluster is
re-aligned to attract and normalizing forms
of lenient and smart financing for each key
element of reinvestment.
Addressing the Opportunity Stack
Land Financing
Property Development Financing
Startup/Business Financing
Philanthropic/Grants/
Loans
Equity/Muni Grants
Equity/Grants
Normalize a Funding Model
15. Funding a
Vision Cluster
Identified by stakeholders:
a) land for innovative built assets
b) tech-enabled startup occupants
5-Miles
Land
Property
Business
$500K
$1m/each
$1.5M/each
Normalize a Funding Model
16. Focus initial funding
and development
planning on first two
startups and
associated footprint.
5-Miles
Land
Property
Business
Occupies 3 parcels Occupies 2 parcels
Open space with UAS co-working
space & demonstrations
1-floor open dining 2-
floor member cannabis
infused dining and
recreational rooftop
Drone Assisted Public Safety
Entertainment and
Leisure
$5M
Investment
Normalize a Funding Model
17. AoO
Transparency
By publishing to ESRI’s Arc Urban
GIS platform all aspects of the
AoO pilot are available through
community portals.
Community, investment, and
municipal stakeholders can view
progress, make suggestions for
modification from concept and
throughout the development and
go-to-market lifecycles.
5-Miles
Land
Property
Business
What is the status on breaking
ground?
What is the height and current
progress on development?
What types of employment opportunities are
there/will there be?
$5M Investment
Normalize a Funding Model
19. Enable smart corridors
as unique fabric via
built environment for
each property.
5-Miles
Data about people places
and things as deemed
acceptable by venue,
patron, and
community/municipality.
Adapters
installed in built
assets
Leverage Data for Reinvestment in Business Districts
20. 5-Miles
Collect data from Argonne National
Labs Array of Things urban sensors on
light poles and bus shelters in pilot
corridor.
Collect data from AoO urban Sensors in
properties developed in pilot.
Combine with
acceptable data
Array of Things Sensor Node
Street Level Data capture
Building level data system
Leverage Data for Reinvestment in Business Districts
21. 5-Miles
Dynamic and Open policies
Smart Businesses
Establish Public and
Private lexicons of
digital interventions
for a variety of lifestyle
applications.
Leverage Data for Reinvestment in Business Districts
22. Our multidisciplinary collaboration with urban
experts, micro-economists, thought leaders
and academics employ mixed-methods to steer
development and research across the pilot.
The pilot will result in world-class development
and data gathering from the businesses meant
for ongoing economic modeling and
benchmarking.
5-Miles
How do I
Leverage Data for Reinvestment in Business Districts
23. Moonshot:
Entertainment Corridor
5-Miles
Increase Vision Cluster
Deployments
Design Innovation into
Pavement & Streetscapes
Build Anchor Attraction i.e.
indoor theme park
Showcase craft and technology
from City College programming
24. Leveraging Wisdom of the
Crowd via Online
registration and matching
for researchers,
engineers, residents,
entrepreneurs,
executives, industry and
workforce development.
5-Miles
25. 5-Miles
People WILL travel 20-minutes from downtown, 10-minutes from the lake, museums,
nearby universities and colleges, and 15-minutes from the airport…
to Enjoy Chicago’s
Englewood Neighborhood
Editor's Notes
This confined demonstration of access to capital will allow developers and communities to showcase new forms and uses of innovation and have far-reaching implication for opening the spigot on much needed participation by funders interested in smart cities.
