The San Diego Workforce Partnership (SDWP) is currently helping Kaiser Permanente and the Initiative for a Competitive Inner City (ICIC) to spearhead a program called the Inner City Capital Connections (ICCC). The program strives to help small businesses in economically distressed areas build capacity for sustainable growth in revenue, profitability and employment.
ICCC is designed for busy executives of all expertise levels and its impact is proven to strengthen businesses and the inner city communities where they operate. It helps bridge the gap for the 75 percent of inner city businesses that are in need of capital but cite lack of knowledge and relationships as key barriers to obtaining it.
The 40-hour executive education program utilizes a blended learning model and spans several months to accommodate demanding schedules while maximizing its effectiveness. Participants gain knowledge for growth, develop custom solutions for their businesses during individual and group coaching sessions, and build a new network of peers, mentors, and capital providers.
Kaiser Permanente is looking at the idea of economic growth as a preventative health care initiative. If people are doing well financially, there is a much higher chance that they will be able to maintain better health through food options, the ability to see doctors for preventative measures as well as being able to reinvest that capital to improve their communities.
“The idea of economic growth as a health care initiative is a great way to look at this program,” says SDWP Business Programs Specialist Robert Chu. “A family’s ability to take care of themselves economically will help to reduce a lot of health care costs.”
SDWP’s role in this is to nominate companies that are likely to qualify for the ICCC program. The nominations are on a rolling monthly basis and the first round began on June 1.
“I was impressed by the results in Los Angeles County and, as a nominating partner, I’m excited for San Diego to do even better,” says SDWP Business Program Manager Angel Stancer.
Read more about ICCC’s regional and national impact in the 2017 Impact Report.
Are you a business owner who would like to be nominated for this program? Contact firstname.lastname@example.org for more information.