Volume 10, 1999
Proceedings of the Tenth Annual Meeting
Monica Rivera Dean
An Inner-City Business Development Strategy for Washington, D.C.-Based Graduate Business Schools
The Initiative for a Competitive Inner City (ICIC) is a national, not-for-profit organization founded in June 1994 by Harvard Business School Professor Michael E. Porter, following several years of pioneering research on inner-city business and economic development. The ICIC mission is to build healthy economies in America's inner cities that create jobs, income, and wealth for local residents. The National Business School Network (NBSN), a program of ICIC, engages America’s urban graduate business schools to foster inner-city business development and serve inner-city based companies in their communities. This paper reports on a project the NBSN undertook in 1998 with the Washington, D.C., Department of Housing and Community Development to create an inner-city business strategy for area graduate business schools. The report illustrates initial benchmark data that mapped graduate business school programs that aid Washington, D.C.'s inner city. The author also provides recommendations to further their participation and the development of a citywide effort to collaborate on inner-city business development projects.