ICIC's mission is to promote economic prosperity in America's inner cities
through private sector investment that leads to jobs, income and wealth creation for local residents.
Porter continues, "For growth-oriented retailers seeking new opportunities in the marketplace, America's inner cities
still remain the next retailing frontier for revenues and profits.
At every level, from little league to college and from the inner cities
to the suburbs, blacks are playing baseball at an all-time record low.
Over the years we have come to see inner cities
not only as attractive business locations for some companies but as a window into the future American economy," points out Porter.
Yet other inner cities
, including Toledo, Rochester, Buffalo, St.
While it's been known that urban America is a largely untapped retail market, the study illustrates the significant purchasing power found in inner cities
and what these residents want to buy.
A key demographic trend igniting that growth and optimism is the dramatic resurgence occurring in the inner cities
of New York, parts of Connecticut and other Northeast markets, which we anticipate will advance the real estate industry forward into the next century.
Woodson argues that many such Josephs exist today in our inner cities
and that these grassroots, faith-based leaders are effectively transforming lives and neighborhoods that no one else has been able to influence.
Many businesses are now flocking to inner cities
like Harlem because the numbers add up, Greenwald believes.
In inner cities
, "the rudiments of civilization have vanished like cellophane on fire.
Despite decades of failed investment in America's inner cities
, businesses are still faced with the great urban challenge: how to participate in urban renewal - and make it work.
These extraordinary companies demonstrate the market potential that exists within our inner cities
and the growth that is at the heart of all urban entrepreneurial successes.