In November of 2012, Mile High Connects held a Brain Trust Event to generate ideas and best practices on how to grow small businesses in the Denver Metro region. Daniel Budish of the City of Cleveland Department of Economic Development was asked to share lessons from Cleveland’s Health Tech Corridor initiative, which over the past 5 years has been able to grow small businesses and attract development around a new transit line.
The Social Innovation Generation program at MaRS (SiG@MaRS) has been offering programs and services for social innovators and social entrepreneurs for over a year now.
Find out what has been done; what programs and services are available to help you advance your social purpose efforts, and join SiG@MaRS in planning for the future of the program.
More information: http://www.marsdd.com/mars/About-MaRS/Partners/sig.html
Measuring Social Enterprise Impacts and Benefits:Emerging Approaches and IssuesKarim Harji
Presentation at the CASC/ANSER conference, Ottawa, May 27, 2009
For many social enterprises, the important issues of accountability and performance often get funneled into a discussion around metrics and measurement. Yet the measurement of the “blended value” (financial, social and environmental) that is created by social enterprise is a relatively under-developed facet of the social finance marketspace. This session will present emerging approaches and methods to assess, manage and communicate the complexity of social and financial value creation. Drawing on Canadian and international examples, the potential contributions of these approaches to the broader debate around social impact measurement will also be examined.
Measuring the Blended Value of Corporate Social Responsibility and Social Ent...Karim Harji
Presentation to the Canadian Evaluation Society Annual Conference, Ottawa, June 2, 2009
Innovative evaluation methods and tools are emerging in the fields of corporate social responsibility (CSR) and social enterprise. The focus of these innovations is the measurement of the “blended value” (financial, social and environmental) that is created by CSR and social enterprise, which is of interest to social investors, “philanthrocapitalists” and governments.
This panel will summarize findings-in-process from ongoing applications in these spheres in Ontario, Ghana and other developing-world settings. There are advantages and challenges in applying “blended value” approaches that the presenters will examine. The panelists will also discuss the implications of these findings for the theory and practice of evaluation.
David Mullins The best thing - EHCGP researchHACThousing
1. The document summarizes research on the Empty Homes Community Grants Programme (EHCGP) in the UK from 2011-2015. The programme provided £50 million in funding to community-led, non-registered housing providers to purchase and refurbish empty homes.
2. It finds that the programme was successful in bringing over 4,000 empty homes back into use and had wider social benefits like providing employment, training opportunities and affordable housing. Groups that received funding were able to leverage additional funding and grow as organizations.
3. The research argues that continued public funding is needed to support small, locally-focused community groups and encourage wider social impacts. Ring-fencing funds for non-registered providers
Whirlpool has partnered with Habitat for Humanity on the Whirlpool Building Blocks program to build homes and raise awareness of affordable housing issues. Each year, over 300 Whirlpool employees and volunteers help build 10 homes in a week through the program. Research shows corporate volunteer programs provide benefits like improving employee recruitment, retention, morale and skills. The Navy Community Service Program coordinates volunteer initiatives across five projects to support communities and youth.
An approach for creating wealth in rural regions focuses on building value chains and creating multiple forms of wealth rather than just jobs. It takes a systems approach to connect practitioners across communities and regions to work towards common goals. Key aspects of the approach include focusing on entire regions, investing in clusters of organizations working on the ground, building stronger value chains between producers and consumers, and creating and measuring wealth in financial, natural, social, and other forms.
ECICOG provides planning services to local governments in east central Iowa. In 2015, ECICOG secured over $1.6 million in funding for future community development projects in 4 cities. ECICOG also administered several revolving loan funds that provided over $73,000 in loans to 6 businesses. Additionally, ECICOG facilitated the development of watershed management plans for the Indian Creek and Clear Creek watersheds.
The document summarizes findings from a 2012 survey on well-being in the Beach Cities region. Some key findings include:
1. Well-being has improved significantly in the Beach Cities since 2010, increasing by 3.0 points, compared to little change nationally or in California.
2. Life evaluation scores increased dramatically, up 8.3 points in the Beach Cities compared to little change elsewhere.
3. Physical health is very strong in the Beach Cities, driven by healthy behaviors like low obesity, smoking, and good diet/exercise. However, emotional health lags behind physical health.
4. Obesity has decreased from 12.3% to 10.6% since 2010 in the Beach Cities
The Social Innovation Generation program at MaRS (SiG@MaRS) has been offering programs and services for social innovators and social entrepreneurs for over a year now.
Find out what has been done; what programs and services are available to help you advance your social purpose efforts, and join SiG@MaRS in planning for the future of the program.
More information: http://www.marsdd.com/mars/About-MaRS/Partners/sig.html
Measuring Social Enterprise Impacts and Benefits:Emerging Approaches and IssuesKarim Harji
Presentation at the CASC/ANSER conference, Ottawa, May 27, 2009
For many social enterprises, the important issues of accountability and performance often get funneled into a discussion around metrics and measurement. Yet the measurement of the “blended value” (financial, social and environmental) that is created by social enterprise is a relatively under-developed facet of the social finance marketspace. This session will present emerging approaches and methods to assess, manage and communicate the complexity of social and financial value creation. Drawing on Canadian and international examples, the potential contributions of these approaches to the broader debate around social impact measurement will also be examined.
Measuring the Blended Value of Corporate Social Responsibility and Social Ent...Karim Harji
Presentation to the Canadian Evaluation Society Annual Conference, Ottawa, June 2, 2009
Innovative evaluation methods and tools are emerging in the fields of corporate social responsibility (CSR) and social enterprise. The focus of these innovations is the measurement of the “blended value” (financial, social and environmental) that is created by CSR and social enterprise, which is of interest to social investors, “philanthrocapitalists” and governments.
This panel will summarize findings-in-process from ongoing applications in these spheres in Ontario, Ghana and other developing-world settings. There are advantages and challenges in applying “blended value” approaches that the presenters will examine. The panelists will also discuss the implications of these findings for the theory and practice of evaluation.
David Mullins The best thing - EHCGP researchHACThousing
1. The document summarizes research on the Empty Homes Community Grants Programme (EHCGP) in the UK from 2011-2015. The programme provided £50 million in funding to community-led, non-registered housing providers to purchase and refurbish empty homes.
2. It finds that the programme was successful in bringing over 4,000 empty homes back into use and had wider social benefits like providing employment, training opportunities and affordable housing. Groups that received funding were able to leverage additional funding and grow as organizations.
3. The research argues that continued public funding is needed to support small, locally-focused community groups and encourage wider social impacts. Ring-fencing funds for non-registered providers
Whirlpool has partnered with Habitat for Humanity on the Whirlpool Building Blocks program to build homes and raise awareness of affordable housing issues. Each year, over 300 Whirlpool employees and volunteers help build 10 homes in a week through the program. Research shows corporate volunteer programs provide benefits like improving employee recruitment, retention, morale and skills. The Navy Community Service Program coordinates volunteer initiatives across five projects to support communities and youth.
An approach for creating wealth in rural regions focuses on building value chains and creating multiple forms of wealth rather than just jobs. It takes a systems approach to connect practitioners across communities and regions to work towards common goals. Key aspects of the approach include focusing on entire regions, investing in clusters of organizations working on the ground, building stronger value chains between producers and consumers, and creating and measuring wealth in financial, natural, social, and other forms.
ECICOG provides planning services to local governments in east central Iowa. In 2015, ECICOG secured over $1.6 million in funding for future community development projects in 4 cities. ECICOG also administered several revolving loan funds that provided over $73,000 in loans to 6 businesses. Additionally, ECICOG facilitated the development of watershed management plans for the Indian Creek and Clear Creek watersheds.
The document summarizes findings from a 2012 survey on well-being in the Beach Cities region. Some key findings include:
1. Well-being has improved significantly in the Beach Cities since 2010, increasing by 3.0 points, compared to little change nationally or in California.
2. Life evaluation scores increased dramatically, up 8.3 points in the Beach Cities compared to little change elsewhere.
3. Physical health is very strong in the Beach Cities, driven by healthy behaviors like low obesity, smoking, and good diet/exercise. However, emotional health lags behind physical health.
4. Obesity has decreased from 12.3% to 10.6% since 2010 in the Beach Cities
N.C. Community Development Initiative Biennial Reportnc_initiative
The North Carolina Community Development Initiative is a statewide public-private partnership established in 1994 to provide leadership, capital investment, and support to community development corporations (CDCs) and other community-based economic development projects. The Initiative's mission is to improve well-being and quality of life in low-resource communities. It outlines nine core values including stewardship, transparency, flexibility, accountability, strategic partnerships, strategic thinking, ethical philanthropy, leadership, respect and courage. Over 15 years it has grown from a small startup to a national model, supporting CDCs through investments, grants and programs while maintaining fiscal accountability.
The Community Foundation of Northeast Iowa is a public charitable foundation that channels donations from individuals and corporations to charitable organizations in the local community. It has over 800 funds and $42 million in assets. Its mission is to respond to current and future charitable needs in Greater Northeast Iowa by securing endowments from many donors and distributing grants. It offers donors various fund types like unrestricted, field of interest, and donor advised funds. Donors can contribute through outright gifts, bequests, retirement plans, insurance, and more. The Community Foundation benefits the community through permanent endowments, flexible granting, and personalized donor involvement.
Bay Area Blueprint for Increasing Worker Ownership, March 2015project-equity
Learn how to replicate a regional approach to economic development through the lens of cooperative ownership.
Over the past year, Project Equity, SELC and EBCLC along with other cross-sectoral partners have developed a Blueprint for the Bay Area to increase the number and size of worker-owned businesses in order to address our growing income and wealth gaps. We called this model "A Blueprint for Creating Pathways to Ownership for Low and Moderate Income Workers," or the "BLUEPRINT" for short.
The document proposes a peer-to-peer microscholarship project called P to P Micro Scholarship. It aims to encourage students in Bangladesh by connecting them directly to donors through the internet to receive scholarships and encouragement. Students would create profiles describing their dreams and situations, and donors could provide small scholarships and messages of support. The project aims to become the largest scholarship foundation by gathering small donations from many individuals online.
The document summarizes Kiva's work in microfinance and its mission to connect lenders to small entrepreneurs in developing countries. It discusses how Kiva utilizes various "Web 2.0" principles like creating an addictive user experience, being radically transparent, crowdsourcing against constraints, and building in increasing returns on data. It also describes Kiva's programs like Kiva Fellows and Kiva High School that help train local partners, gather updates, and engage students to raise awareness about poverty alleviation through microfinance.
The Social Investment Practice made $16.2 million in commitments in 2013, leveraging over $76 million in private sector investment. Since 2008, it has made 41 investments totaling $67.7 million in commitments. In 2013, investments supported efforts to help juvenile offenders, protect the environment, provide financial services to low-income households, and expand community health centers in Detroit and other areas.
Strong Towns Presentation for CommunityMatters in Newport VermontCommunityMatters
The document discusses the financial challenges facing many cities and towns and proposes an alternative approach. It notes that the traditional models of growth through debt, government spending, and ever-increasing development are no longer sustainable. It advocates for building financial strength and resilience by focusing on incremental projects that generate positive returns, leveraging existing public infrastructure, and revitalizing communities through small-scale urbanism. Local leaders are urged to transform their communities by emphasizing resilience over rapid growth.
IEDC Philadelphia- Invigorating Your Community through Local Ownership- Everg...CleEconomicDevelopment
David Ebersole, Manager of Brownfields and Special Projects for the City of Cleveland Department of Economic Development, gave the following presentation at the annual International Economic Development Council Conference in Philadelphia.
The University Circle Initiative by India Pierce Leewcb0209
The University Circle Initiative slideshow presented by India Pierce Lee of the Cleveland Foundation at TransformRVA, Better Housing Coalition's 25th Anniversary event on May 21st, 2015 at the Omni Richmond Hotel
Community Wealth Building In Cleveland Through Anchor Institutions Purchasing...Cleveland EconDev
Economic Development Director Tracey Nichols will join Steve Dubb of the Democracy Collaborative to present “Community Wealth Building In Cleveland Through Anchor Institutions Purchasing And Cooperative Development” at the Global Social Economy Forum in Montreal, Canada on September 7, 2016. The presentation discusses co-operatives in general and the Evergreen Cooperatives of Cleveland in specific and how these business models can lead to economic and social inclusion. The panel includes presentations by cooperative groups in Seoul, South Korea and Mondragon, Spain. The conference will bring over 2,000 participants from every continent discuss the collaboration between local governments and social enterprises and how they benefit cities. It is a great honor to have a presentation be selected to proffer at this forum.
The document summarizes the work of the Civic Innovation Lab in Cleveland, Ohio. The lab provides funding and mentoring for civic, social, and business ideas to grow the local economy. Over six years, it funded 52 initiatives totaling $1.5 million which led to 128 jobs, $9.4 million in economic impact, and $6.2 million in follow on investments. Examples of successful initiatives include Ray's Indoor Mountain Bike Park and Full Circle Fuels, Ohio's first full-service alternative fuels station. The lab aims to share its model of supporting innovation through small grants and civic engagement.
ITDP South Africa- Financing TOD: Partnering with the Private Sector and Anch...CleEconomicDevelopment
City of Cleveland Department of Economic Development Director Tracey A. Nichols delivered this presentation for the Institute for Transportation and Development Policy Summits in Johannesburg and Cape Town, South Africa.
The document summarizes housing and financial assistance programs in Greater University Circle, Cleveland aimed at increasing homeownership. The Greater Circle Living Program offers eligible employees forgivable loans up to $15,000 for down payments. Opportunity Homes is rehabilitating homes for below-market prices. New construction developments also offer affordable options with financing assistance. The Living in the Circle Center provides resources to residents.
Business Innovation, CSR and Competitive Advantage: Strategic pathways to valueWayne Dunn
Presentation to Saudi Arabian business leaders at the Maple Leaf Club, Canadian Embassy, Riyadh, Saudi Arabia
November 29, 2015
To keep updated on postings and events go to www.csrtraininginstitute.com and sign up for the newsletter. If interested the CSR Knowledge Centre http://bit.ly/CSRknowledge contains a series of short, pragmatic articles on CSR Strategy, Management and related areas.
On February 26, 2013, City of Cleveland Economic Development Director Tracey A. Nichols gave this presentation entitled, "Partnering with the Private Sector and Anchor Institutions" at a peer-to-peer exchange on Financing Transit-Oriented Development and Infill Supportive Infrastructure. The exchange was presented by the U.S. Department of Housing and Urban Development and The United States Environmental Protection Agency. Practitioners and experts from across the country participated in the two day event in Miami, Florida.
Creating social & business value for TELUS & our local communities. By Jill S...Volunteer Canada
TELUS has learned six lessons in corporate philanthropy. They are: 1) integrate giving with business strategy; 2) align business practices with causes; 3) enable employee/retiree giving; 4) engage customers; 5) use social media; and 6) create social enterprises for social and business impact. TELUS integrates giving to build brand and support strategy. They align practices like reducing paper use with environmental causes. Programs enable employees to donate and volunteer for causes they care about. TELUS engages customers in causes and treats them as advocates. They use social media like Facebook to create viral movements. Finally, TELUS creates social enterprises for both social change and business impact.
The document discusses green revolving funds (GRFs), which are funds established by institutions to finance sustainability projects. GRFs transform expenses into investments that provide reputational and financial benefits. Key aspects of GRFs include seed capital, accounting systems, oversight, project selection criteria, and measuring savings. The document provides steps to establish a successful GRF and discusses goals, types of funds, champions, sources of capital, size, and project selection processes. It also provides data on the growth of GRFs and their financial performance, with average returns of 28% and payback periods of 4.4 years.
The document discusses green revolving funds (GRFs) which are self-sustaining funds used by institutions to finance energy efficiency upgrades. It notes that over 150 GRFs exist in higher education and other sectors. GRFs provide benefits like alleviating budget pressures, updating buildings, and supporting emissions reductions goals. The Billion Dollar Green Challenge aims to commit $1 billion total to GRFs across institutions, and has already secured commitments of over $125 million from 61 participating organizations. The Green Revolving Investment Tracking System (GRITS) can help institutions track project data to manage their GRFs.
Isaac Kremer presented on lessons learned from over 25 years of experience in downtown revitalization. He discussed 10 lessons: never miss an opportunity for rapid action; utilize lean startup thinking to iterate and build support; get the structure right with a Main Street program; small investments in public art and storefront improvements can have outsized impacts; give people places to sit; focus on building a stronger business ecosystem; make room for innovation; jump to new networks; and view all models as opportunities to learn and improve. Kremer provided many examples of projects in Metuchen that demonstrated these lessons, resulting in over $170 million of reinvestment and hundreds of jobs created.
This presentation discusses development challenges facing distressed cities like Cleveland. Cleveland has struggled with job losses in manufacturing and foreclosures, and now deals with vacant and abandoned properties, illegal dumping, and poverty. However, the presentation outlines Cleveland's efforts to address these issues through a unified strategy of education reform, partnerships, and place-based economic development focused on clusters like health technologies. Anchors like universities and initiatives like green cooperatives aim to create local jobs and opportunity.
N.C. Community Development Initiative Biennial Reportnc_initiative
The North Carolina Community Development Initiative is a statewide public-private partnership established in 1994 to provide leadership, capital investment, and support to community development corporations (CDCs) and other community-based economic development projects. The Initiative's mission is to improve well-being and quality of life in low-resource communities. It outlines nine core values including stewardship, transparency, flexibility, accountability, strategic partnerships, strategic thinking, ethical philanthropy, leadership, respect and courage. Over 15 years it has grown from a small startup to a national model, supporting CDCs through investments, grants and programs while maintaining fiscal accountability.
The Community Foundation of Northeast Iowa is a public charitable foundation that channels donations from individuals and corporations to charitable organizations in the local community. It has over 800 funds and $42 million in assets. Its mission is to respond to current and future charitable needs in Greater Northeast Iowa by securing endowments from many donors and distributing grants. It offers donors various fund types like unrestricted, field of interest, and donor advised funds. Donors can contribute through outright gifts, bequests, retirement plans, insurance, and more. The Community Foundation benefits the community through permanent endowments, flexible granting, and personalized donor involvement.
Bay Area Blueprint for Increasing Worker Ownership, March 2015project-equity
Learn how to replicate a regional approach to economic development through the lens of cooperative ownership.
Over the past year, Project Equity, SELC and EBCLC along with other cross-sectoral partners have developed a Blueprint for the Bay Area to increase the number and size of worker-owned businesses in order to address our growing income and wealth gaps. We called this model "A Blueprint for Creating Pathways to Ownership for Low and Moderate Income Workers," or the "BLUEPRINT" for short.
The document proposes a peer-to-peer microscholarship project called P to P Micro Scholarship. It aims to encourage students in Bangladesh by connecting them directly to donors through the internet to receive scholarships and encouragement. Students would create profiles describing their dreams and situations, and donors could provide small scholarships and messages of support. The project aims to become the largest scholarship foundation by gathering small donations from many individuals online.
The document summarizes Kiva's work in microfinance and its mission to connect lenders to small entrepreneurs in developing countries. It discusses how Kiva utilizes various "Web 2.0" principles like creating an addictive user experience, being radically transparent, crowdsourcing against constraints, and building in increasing returns on data. It also describes Kiva's programs like Kiva Fellows and Kiva High School that help train local partners, gather updates, and engage students to raise awareness about poverty alleviation through microfinance.
The Social Investment Practice made $16.2 million in commitments in 2013, leveraging over $76 million in private sector investment. Since 2008, it has made 41 investments totaling $67.7 million in commitments. In 2013, investments supported efforts to help juvenile offenders, protect the environment, provide financial services to low-income households, and expand community health centers in Detroit and other areas.
Strong Towns Presentation for CommunityMatters in Newport VermontCommunityMatters
The document discusses the financial challenges facing many cities and towns and proposes an alternative approach. It notes that the traditional models of growth through debt, government spending, and ever-increasing development are no longer sustainable. It advocates for building financial strength and resilience by focusing on incremental projects that generate positive returns, leveraging existing public infrastructure, and revitalizing communities through small-scale urbanism. Local leaders are urged to transform their communities by emphasizing resilience over rapid growth.
IEDC Philadelphia- Invigorating Your Community through Local Ownership- Everg...CleEconomicDevelopment
David Ebersole, Manager of Brownfields and Special Projects for the City of Cleveland Department of Economic Development, gave the following presentation at the annual International Economic Development Council Conference in Philadelphia.
The University Circle Initiative by India Pierce Leewcb0209
The University Circle Initiative slideshow presented by India Pierce Lee of the Cleveland Foundation at TransformRVA, Better Housing Coalition's 25th Anniversary event on May 21st, 2015 at the Omni Richmond Hotel
Community Wealth Building In Cleveland Through Anchor Institutions Purchasing...Cleveland EconDev
Economic Development Director Tracey Nichols will join Steve Dubb of the Democracy Collaborative to present “Community Wealth Building In Cleveland Through Anchor Institutions Purchasing And Cooperative Development” at the Global Social Economy Forum in Montreal, Canada on September 7, 2016. The presentation discusses co-operatives in general and the Evergreen Cooperatives of Cleveland in specific and how these business models can lead to economic and social inclusion. The panel includes presentations by cooperative groups in Seoul, South Korea and Mondragon, Spain. The conference will bring over 2,000 participants from every continent discuss the collaboration between local governments and social enterprises and how they benefit cities. It is a great honor to have a presentation be selected to proffer at this forum.
The document summarizes the work of the Civic Innovation Lab in Cleveland, Ohio. The lab provides funding and mentoring for civic, social, and business ideas to grow the local economy. Over six years, it funded 52 initiatives totaling $1.5 million which led to 128 jobs, $9.4 million in economic impact, and $6.2 million in follow on investments. Examples of successful initiatives include Ray's Indoor Mountain Bike Park and Full Circle Fuels, Ohio's first full-service alternative fuels station. The lab aims to share its model of supporting innovation through small grants and civic engagement.
ITDP South Africa- Financing TOD: Partnering with the Private Sector and Anch...CleEconomicDevelopment
City of Cleveland Department of Economic Development Director Tracey A. Nichols delivered this presentation for the Institute for Transportation and Development Policy Summits in Johannesburg and Cape Town, South Africa.
The document summarizes housing and financial assistance programs in Greater University Circle, Cleveland aimed at increasing homeownership. The Greater Circle Living Program offers eligible employees forgivable loans up to $15,000 for down payments. Opportunity Homes is rehabilitating homes for below-market prices. New construction developments also offer affordable options with financing assistance. The Living in the Circle Center provides resources to residents.
Business Innovation, CSR and Competitive Advantage: Strategic pathways to valueWayne Dunn
Presentation to Saudi Arabian business leaders at the Maple Leaf Club, Canadian Embassy, Riyadh, Saudi Arabia
November 29, 2015
To keep updated on postings and events go to www.csrtraininginstitute.com and sign up for the newsletter. If interested the CSR Knowledge Centre http://bit.ly/CSRknowledge contains a series of short, pragmatic articles on CSR Strategy, Management and related areas.
On February 26, 2013, City of Cleveland Economic Development Director Tracey A. Nichols gave this presentation entitled, "Partnering with the Private Sector and Anchor Institutions" at a peer-to-peer exchange on Financing Transit-Oriented Development and Infill Supportive Infrastructure. The exchange was presented by the U.S. Department of Housing and Urban Development and The United States Environmental Protection Agency. Practitioners and experts from across the country participated in the two day event in Miami, Florida.
Creating social & business value for TELUS & our local communities. By Jill S...Volunteer Canada
TELUS has learned six lessons in corporate philanthropy. They are: 1) integrate giving with business strategy; 2) align business practices with causes; 3) enable employee/retiree giving; 4) engage customers; 5) use social media; and 6) create social enterprises for social and business impact. TELUS integrates giving to build brand and support strategy. They align practices like reducing paper use with environmental causes. Programs enable employees to donate and volunteer for causes they care about. TELUS engages customers in causes and treats them as advocates. They use social media like Facebook to create viral movements. Finally, TELUS creates social enterprises for both social change and business impact.
The document discusses green revolving funds (GRFs), which are funds established by institutions to finance sustainability projects. GRFs transform expenses into investments that provide reputational and financial benefits. Key aspects of GRFs include seed capital, accounting systems, oversight, project selection criteria, and measuring savings. The document provides steps to establish a successful GRF and discusses goals, types of funds, champions, sources of capital, size, and project selection processes. It also provides data on the growth of GRFs and their financial performance, with average returns of 28% and payback periods of 4.4 years.
The document discusses green revolving funds (GRFs) which are self-sustaining funds used by institutions to finance energy efficiency upgrades. It notes that over 150 GRFs exist in higher education and other sectors. GRFs provide benefits like alleviating budget pressures, updating buildings, and supporting emissions reductions goals. The Billion Dollar Green Challenge aims to commit $1 billion total to GRFs across institutions, and has already secured commitments of over $125 million from 61 participating organizations. The Green Revolving Investment Tracking System (GRITS) can help institutions track project data to manage their GRFs.
Isaac Kremer presented on lessons learned from over 25 years of experience in downtown revitalization. He discussed 10 lessons: never miss an opportunity for rapid action; utilize lean startup thinking to iterate and build support; get the structure right with a Main Street program; small investments in public art and storefront improvements can have outsized impacts; give people places to sit; focus on building a stronger business ecosystem; make room for innovation; jump to new networks; and view all models as opportunities to learn and improve. Kremer provided many examples of projects in Metuchen that demonstrated these lessons, resulting in over $170 million of reinvestment and hundreds of jobs created.
This presentation discusses development challenges facing distressed cities like Cleveland. Cleveland has struggled with job losses in manufacturing and foreclosures, and now deals with vacant and abandoned properties, illegal dumping, and poverty. However, the presentation outlines Cleveland's efforts to address these issues through a unified strategy of education reform, partnerships, and place-based economic development focused on clusters like health technologies. Anchors like universities and initiatives like green cooperatives aim to create local jobs and opportunity.
This document discusses how foundations can leverage their endowments to achieve both competitive returns and positive social impact through impact investing. It notes that traditionally foundations focused 95% of their endowments on retained investments and 5% on targeted grants, but impact investing allows them to "unleash the 95%" to generate social good. Impact investments can include assets like sustainable corporate bonds, community lending, affordable housing funds, clean technology funds, and microfinance funds. These investments allow foundations to meet financial return goals while also addressing social and environmental challenges. The document provides several examples of impact investment funds and themes that foundations could consider to align their missions with their investment strategies.
This document discusses how foundations can leverage their endowments to achieve both competitive returns and positive social impact through impact investing. It notes that traditionally foundations focused 95% of their endowments on retained investments and 5% on targeted grants, but impact investing allows unlocking the 95% to generate social good. The document provides several examples of impact investment opportunities across different asset classes that foundations could consider to align financial returns with social outcomes in areas like sustainability, agriculture, access to finance, and renewable energy. It promotes the idea that impact investing has become a fast-growing segment that can deliver competitive returns while creating measurable social impact.
In this presentation, learn what state services and funding are available for growing technology companies. Each year, the Michigan Economic Development Corporation (MEDC) dedicates $25 million to help build companies with high growth potential. The MEDC is organizing a statewide bus tour to educate early-stage tech companies on programs ranging from business support to venture capital. Visit http://www.michiganadvantage.org/Entrepreneurs-and-Innovators/
The document discusses efforts to promote regional entrepreneurship in Western North Carolina. It describes the creation of a Certified Entrepreneurial Community program to help communities support local entrepreneurship. The program involves 5 steps that communities can take to assess and improve their capacity for fostering entrepreneurship. An example is provided of Mitchell County, NC going through the program and developing goals, objectives and future plans to strengthen local small businesses.
State of Central Florida Arts Organizations 2012PresentMark
This document summarizes data from 81 arts organizations in Central Florida. It finds that while revenues for the arts universe were $59.5 million in 2012-2013, expenses were $55.9 million. Most arts organizations have small endowments, relying more on donations, grants, and earned revenue. The data also shows that arts organizations have relatively low overhead but need to improve board governance and management practices to increase long-term sustainability.
This is a presentation delivered by Colin Habberton to the Western Cape branch of the South African Institute of Fundraisers in October 2011. It covers the topics of Online Fundraising, Social Media and a number of case studies from the GivenGain fundraising platform.
Trajectory and Opportunity of Social FinanceAdam Spence
Keynote presentation from the Sustainable Business Conference at the Telfer School of Management at the University of Ottawa on the trajectory and opportunity of social finance, including personal motivations, the economic, social and environmental necessity of social finance, a background on the concept with real life examples, and a vision for the future.
Similar to Cleveland Health Tech Corridor- Enterprise Community Presentation (20)
6. Mission
• The Greater University Circle Initiative
(GUCI) demonstrates how an older industrial
city can build upon its assets to transform
neighborhoods, create jobs, and address
poverty. Transcending physical development
to embrace a communal vision in which wealth
is shared and no one is left out.
7. Timeline
• 2003:
– Neighborhood Connections
• 2005:
– Greater University Circle Initiative
– Evergreen Cooperatives
• 2008:
– RTA’s Healthline opens
• 2009:
– New Bridge
• 2011:
– MidTown Tech Park completed
– Living Cities awards TII to Cleveland for GUCI – $14.75 million
in loans and grants
9. Timeline
• 2003:
– Neighborhood Connections
• 2005:
– Greater University Circle Initiative
– Evergreen Cooperatives
• 2008:
– RTA’s Healthline opens
• 2009:
– New Bridge
• 2011:
– MidTown Tech Park completed
– Living Cities awards TII to Cleveland for GUCI – $14.75 million
in loans and grants
10.
11. Challenges
• Geographical Fiefdoms
• Organizational competition
• Difficult to use $$
• Town-Gown Dynamics
12. Programs
Goals
Strategies Buy Hire Live Connect
Local Local Local Residents
Evergreen
Health Tech Corridor
Community Engagement
Programs
Evergreen Cooperative
Corporation
HTC Marketing & Attraction
Neighborhood Connections
Greater Circle Living
NewBridge
Towards Employment
Local First Cleveland
(new buy local database)
13. Program Focus
Areas
• “Self Help”
– Local Procurement Database,
Strategies
Supplier Attraction, Business • Anchor Leverage
Creation
• 3rd Party Leadership
• Careers, not Jobs
• Common goals
– Evergreen Cooperatives
• Start with a “pilot”
– New Bridge
• Stacked costs
• Live and Work
• Adapt to changing needs
– Greater Circle Living
• Stacked Roles
– Evergreen Home Ownership
• Bridge the gap
– Tenant Improvement Fund
– ECDI – microlending
– NDC - CDFI
14. Focus Area: “Self Help”
“We believe in what we call self-help, meaning if we are spending
money, we should be spending more locally.”
Mayor Frank Jackson
Anchor Institutions spend over $3 Billion/year on goods and
services
"You need to move into the city, or we will find somebody
who will."
Steve Standley, Chief Administrative Officer, University
Hospitals
Programs: Local Procurement Database, Supplier Attraction,
Business Creation
15. Business Creation
Pipeline of home-grown companies that have their full life cycle
in the Health Tech Corridor
Spin-off idea from Anchor Incubator Space Post-
incubator space
Example:
16.
17. Business Creation: Challenges
Study by Angelou Economics identified a lack of tenant-ready
space. Cited a solution as crucial to keep young, growing
companies in the area.
•Banks have preleasing requirements - won’t fund spec space
•Tech companies are fast growing they cannot commit to
prelease – they need space immediately
•These companies are not credit worthy
•Construction costs>Rents
Solutions – tenant improvement fund, Public subsidies for core
& shell
18.
19. EVERGREEN PRINCIPLES
Co-ownership by co-op workers and other important
“stakeholders”
Triple bottom line: community, environment, profit
Great majority of our workforce hired from GUC
neighborhoods
Linked to the supply chain of area anchor institutions
Family supporting living wage & no-cost health care benefits
Distribution of earnings into capital accounts (wealth
building)
Career ladders for workers
Corporate culture of ownership, participation, transparency
and accountability
Individual co-ops are part of a larger structure that ties them
together into a coordinated and integrated network (ECC)
20. Strategies: Stacked Roles
The Anchors
Community Engagement
The CDCs (MidTown Cleveland, Inc., Fairfax,
University Circle Inc.)
Neighborhood Progress Inc.
Neighborhood Connections
The Neighborhood Voice – Newspaper
The Evergreen Cooperatives
The Funders Capital Attraction/Lending/Technical Assistance
The City of Cleveland Jumpstart
BioEnterprise
The Cleveland Foundation
Economic and Community Development Institute
Living Cities National Development Council
The Anchors
Cuyahoga County
21. Stacked Capital
• Multiple groups with resources
– The City (HUD 108, other loans and grants)
– Cleveland Foundation – very well capitalized Foundation
(top 5 in country)
– Living Cities - $14.75 million
– Anchor partners – purchasing power + large capital
investments
Everybody contribute to each initiative – smaller investments
for each organization
Everybody gets credit for successes
Promotes universal buy-in
Example – The Evergreen Cooperatives
22. Evergreeen Funding Stack
Source Use of Funding Total Funding
Evergreen Initiative* Evergreen Contributed
Cooperative
Development
Fund**
The Cleveland Foundation $560,000 $3,000,000 $3,560,000
Living Cities (Year 1) $125,000 $150,000 $275,000
Case Western Reserve University $250,000 $250,000
Cleveland Clinic $250,000 $250,000
University Hospitals $250,000 $250,000
Higley Fund $50,000 $50,000
Kelvin and Eleanor Smith Foundation $1,000,000
$1,000,000
Minigowin Foundation $900,000 $900,000
Nathan Cummings Foundation $375,000 $375,000
Rockefeller Foundation $650,000 $650,000
Surdna Foundation $300,000 $300,000
Total $2,010,000 $5,850,000 $7,860,000
*The City of Cleveland has also provided $12.35 Million in loans and grants to the
Evergreen businesses.
23. Strategy – 3rd Party Leadership
• Partnership with national Living Cities
legitimizes local efforts
• The Cleveland Foundation can act as the great
convener
Significance:
Focus of Resources – Cleveland Wards
Bringing everybody (including competitors) to the
table
24. City of Cleveland Ward Map
**$65.7 million investment by the City into the HTC Since 2008
25. Outlook Positive
• Investment in the Health Tech Corridor of $365,554,255
• Over 2 million square feet of space built or renovated
• 2000 Jobs Retained
• Over 400 jobs created to date
• 7.6% Vacancy Rate in MidTown (Suburban Competitors
between 10% and 13%)
• Over 400,000 square feet scheduled to open in 2013
• Over 80 high quality careers for Evergreen Employees
• Over 100 people assisted through Greater Circle Living
• Over 60 students in New Bridge – 21 placements so far
(some are still in school or have turned down offers)