Social CompactOpportunity Dividend Summit<br />CEOs for Cities | United Way for SE Michigan<br />March 2 2010<br />
A Tale of Two cities<br />Source: U.S. Census Bureau, 2000<br />Source: Social Compact Miami DrillDown 2008/2009<br />
About Social Compact<br /><ul><li> 350 Underserved Neighborhoods
1.5 Million Additional Residents
 $36 Billion Additional Buying Power
 220,000 people added to the Census counts</li></ul>50 cities have approached Social Compact for DrillDown analyses<br />
Barriers for Urban Revitalization - Cycle of Neglect<br />CAUSE: INFORMATION GAP<br />IMPACT: ECONOMIC MALAISE<br />Proper...
Detroit – Distressed AVMs <br />
Detroit – Market Sales vs. REO Sales <br />
Miami – Market Profile  <br />
Cincinnati – Grocery Retail<br />
Washington DC – Business Environment Scan<br />Shaw, Logan Circle<br />
Washington DC – Business Environment Scan<br />Shaw, Logan Circle<br />
Miami – Trade Area Analysis<br />Trade area properties and store performance<br />Uncover trade area characteristics that ...
 Determine if there are any common demographic and market properties in the stores’ trade areas
 Establish, per industry, trade area demographic and market properties (indicators) that are likely to support high perfor...
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John Talmage_Opportunity Dividend Summit

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John Talmage_Opportunity Dividend Summit

  1. 1. Social CompactOpportunity Dividend Summit<br />CEOs for Cities | United Way for SE Michigan<br />March 2 2010<br />
  2. 2. A Tale of Two cities<br />Source: U.S. Census Bureau, 2000<br />Source: Social Compact Miami DrillDown 2008/2009<br />
  3. 3. About Social Compact<br /><ul><li> 350 Underserved Neighborhoods
  4. 4. 1.5 Million Additional Residents
  5. 5. $36 Billion Additional Buying Power
  6. 6. 220,000 people added to the Census counts</li></ul>50 cities have approached Social Compact for DrillDown analyses<br />
  7. 7. Barriers for Urban Revitalization - Cycle of Neglect<br />CAUSE: INFORMATION GAP<br />IMPACT: ECONOMIC MALAISE<br />Property Dislocation/Price Depreciation<br />Thin Markets<br />Lower Quality of Life/Concentrated Poverty<br />High Cost of Data<br />Cycle of Neglect<br />Disinvestment/ Lost Economic Opportunities<br />Negative Perceptions<br />IMPACT: Undervalued and Misunderstood Neighborhoods<br />CAUSE: Negative Neighborhood Indicators<br />
  8. 8. Detroit – Distressed AVMs <br />
  9. 9. Detroit – Market Sales vs. REO Sales <br />
  10. 10. Miami – Market Profile <br />
  11. 11. Cincinnati – Grocery Retail<br />
  12. 12. Washington DC – Business Environment Scan<br />Shaw, Logan Circle<br />
  13. 13. Washington DC – Business Environment Scan<br />Shaw, Logan Circle<br />
  14. 14. Miami – Trade Area Analysis<br />Trade area properties and store performance<br />Uncover trade area characteristics that are likely to determine store performance by industry<br /><ul><li> Determine which are the stores that are performing the best per industry (i.e. barber shops, mini markets, restaurants, etc.)
  15. 15. Determine if there are any common demographic and market properties in the stores’ trade areas
  16. 16. Establish, per industry, trade area demographic and market properties (indicators) that are likely to support high performance stores. </li></ul>This pilot analysis was possible thanks to ACCION USA’s loan data. <br />
  17. 17. New York – Financial Environment Assessment<br />Greenpoint, Williamsburg <br />
  18. 18. New York – Financial Environment Assessment<br />Greenpoint, Williamsburg <br />
  19. 19. Washington DC – Mental Mapping Pilot Study<br />Near Southeast/Navy Yard – All Destinations<br /><ul><li>Capturing resident patterns, preferences and behaviors for obtaining goods and services
  20. 20. Illustrating unmet demand and retail leakage
  21. 21. Destination location and type (retail, restaurants, entertainment, personal care)
  22. 22. Expenditures (weekly, monthly)
  23. 23. Transport Mode (drive, metro/bus, bike, walk)
  24. 24. Trip Time</li></li></ul><li>Washington DC – Mental Mapping Pilot Study<br />Near Southeast/Navy Yard – Grocery Related Destinations<br /><ul><li>Drawing conclusions for informed decision-making
  25. 25. Near SE/Navy Yard residents are underserved by full service grocers
  26. 26. Residents obtain grocery services outside the neighborhood and District
  27. 27. Residents prefer to drive to their grocers
  28. 28. Residents prefer to shop at Whole Foods and Harris Teeter</li></li></ul><li>Social CompactOpportunity Dividend Summit<br />John Talmage<br />738 7th St SE, Washington D.C. <br />jtalmage@socialcompact.org <br />CEOs for Cities | United Way for SE Michigan<br />March 2 2010<br />

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