Episode 27 – Inner City Advisors Helps Growing Companies Buck Economic Trends
August 19, 2011
In Episode 27 of The Wendel Forum(originally aired on Green 960 AM radio on August 13, 2011), Jose Corona, Cheif Executive Officer of Inner City Advisors (ICA), shares with show host Dick Lyons how the organization promotes the competitive advantages of locating a business in an inner city neighborhood.
Founded in 1996 in Oakland, the nonprofit group was born out of a Harvard Business School initiative. Its mission is to help both companies and communities by promoting the advantages of locating in inner city neighborhoods and by providing companies with the advice and resources to grow their businesses.
Currently, they use a three-pronged approach:
1) They offer portfolio companies a network of experienced advisors that can provide both strategic and tactical, real-world advice to address the company’s business problems.
2) They provide an advanced entrepreneur program, modeled after a Stanford business course, to provide company leaders with the education they need.
3) They are developing a network of capital sources, including an ICA fund, to help portfolio companies grow when they’re ready.
Among their portfolio are several familiar names in the green community. Who have they helped? Well, here are a few names that you may recognize:
- Excellent Packaging
- Give Something Back
- Numi Organic Tea
- Revolution Foods
- Read the case study about Premier Organics (marketed under the Artisana label)
ICA is doing some great work. And the proof is in the numbers. Jose shares some inspiring statistics in his interview. The companies in their portfolio are creating jobs and infusing wages and wealth into inner city neighborhoods.
Let us know what other innovative business growth programs you see out there!
SHOW NOTE: Tune in to The Wendel Forum on Green 960 AM radio tomorrow, August 20, at 11:30 a.m. for an interview with health and natural product investment expert Thomas Simone.
Listen to interview with Jose Corona: Episode 27 of The Wendel Forum (mp3, 27.47 min.)
Inner City Advisors website: http://innercityadvisors.org/
ICA Case Study about Premier Organics: http://innercityadvisors.org/companies/portfolio/premier-organics/
Dick Lyons bio: www.wendel.com/rlyons
Green 960 AM radio website: www.green960.com