Allison Kelly
Chief Executive Officer
No items found.
No items found.
No items found.

And as we build on our model, we are committed to continuing to work along three critical trajectories:

  1. Investing resources – The Good Jobs Accelerator is designed to help small businesses poised for growth prepare for capital and build strong teams. The Accelerator is the central key to this vision and it is our most intensive tailored offering for entrepreneurs. More broadly, the Accelerator offers support and resources to small businesses that is trusted & tailored specifically to their businesses’ needs.
  2. Bridging the missing middle through direct investment – Debt is an important factor in helping businesses grow, but what’s missing is a more flexible source of capital that can be customer centric, tailored to the needs of the small business customer, and accessible to entrepreneurs with backgrounds that vary from what the traditional finance field has historically defined as low risk. We’re here to ask the questions: what happens if we assess risk from a different perspective? How do we redefine the way capital is exchanged? How do we write a new framework for how it’s deployed? Can we move more money, faster? We may not have all of the answers, yet, but we’ve already proven that making bets on our mission returns value: the companies in our portfolio have more than doubled their revenues from an average revenue of $1.6M at investment to $4.1M currently. Furthermore, thanks in part to the power of our network, each dollar invested by ICA has leveraged more than $10 additional dollars from investors.
  3. Leading the way to better measure job quality – ICA has long worked to quantify the value of investing in people. More than just creating a measure of job quality, we are looking to take a holistic measure of the social capital invested in, and created by, businesses. As much of the philanthropic community focuses on the Future of Work, we believe the future involves a continued investment in people, and that future innovation and technology can be directed to generate opportunities for good job creation and wealth building for those who need them most. With the right types of expertise, partnerships, data, and a commitment to challenging systemic inequity, we can bring the communities we serve to the forefront of a changing economy.

No items found.
No items found.
No items found.

Innovating through equity investments

In 2018 the Initiative for a Competitive Inner City reported that only 14% of its fastest-growing Inner City 100 companies have raised equity, and only 5% have raised equity from institutional investors, signaling a disconnect between the needs of many businesses and sources of equity. This reality, combined with our experience with growing small business, supports our belief that equity investments fill a significant gap in the small business funding ecosystem, and can better support the sustained growth of the businesses we serve.

ICA is committed to building a movement in creating parity in access to capital for ALL. This means our work has an explicit focus on groups that have historically been left out of the fair exchange of capital. To achieve this vision, we will be doing more to build partnerships with peers, lenders, and other organizations in the CDFI and broader small business finance ecosystems. By working together, we see an opportunity to lead the way in providing more equitable distributions of tailored capital to high-potential businesses. Together, we can make money move faster. And more fairly.

Our mission is possible because of our strong vision for change in the Bay Area economy. We believe economic growth should benefit all. This means acknowledging historical systems and present-day inequity, and working tirelessly to disrupt and demonstrate what solutions look like. Our work, and our ability to innovate, are needed now more than ever.

Onward,


Allison Kelly
CEO

No items found.
No items found.
No items found.