Initiative for a Competitive Inner City (ICIC) is a nonprofit research organization that everyone here at Powerlink is proud to support—precisely because it’s an organization that has provided us with a great deal of guidance and support in the past. Founded in 1994 by Harvard Business School Professor Michael Porter, ICIC is “the leading authority on U.S. inner city economies and the businesses that thrive there”. The group understands urban economies, and both educates and advocates for businesses looking to contribute to those communities. ICIC’s unmatched expertise in this arena is one of the reasons why I’m honored to announce that Powerlink was recently recognized by the organization for the positive impact we have had on inner city Detroit. The work that Powerlink has done continues to contribute to the resurgence of the Motor City, and it was exciting to hear that ICIC and its affiliates recognize what we’re accomplishing. We always like to feel that we are doing our part to make an impact on a local and regional level, but it’s still rewarding to get that validation and recognition on the national stage.
This acknowledgement is particularly special because of the important role that ICIC played in Powerlink’s growth. Several years ago, ICIC helped us secure critical capital to finance our expansion, identifying the weaknesses in our presentation and helping us understand exactly how to appeal to investors and present our value proposition in a way that would be more attractive for lending and investment. ICIC also helped us forge some important professional relationships, introducing us to people in the lending, equity, and investment businesses. Here at Powerlink, we believe in ICIC, because we are a living example of how impactful their work can be.