ICIC Launches Programme to Help LA Inner City Companies Secure Funding

The Initiative for a Competitive Inner City (ICIC) has announced participation from the Los Angeles Mayor’s Office of Economic & Business Policy (OEBP) and entrepreneur Magic Johnson for this autumn’s Inner City Capital Connections (ICCC) programme, which educates investment-ready inner city companies about equity and other sources of growth capital, and matches them with potential investors. Johnson will be the keynote speaker at the sixth annual ICCC, hosted in partnership with Bank of America.

ICCC will be held in Los Angeles 15-16 November. The two-day event will feature a full day of ‘speed-pitching’ to potential investors, along with workshops and individual assessments on investment potential.

The OEBP works to create jobs and create and retain businesses in Los Angeles through innovative economic development initiatives. Through a partnership with the Mayor’s Office of Small Business Services, the Los Angeles Minority Business Opportunity Centre, OEBP and ICIC, the City of Los Angeles will reach out a number of growing businesses in Los Angeles to bring much-needed capital to companies in economically distressed areas and help the ICCC programme better understand the Los Angeles small business environment.

“We are delighted that ICCC is bringing their conference back to Los Angeles and to partner with Bank of America and my good friend Magic Johnson,” said Mayor Antonio Villaraigosa. “Public-private partnerships such as this will bring much needed capital to our entrepreneurs and growing businesses and help lead us back to economic recovery.” For more than 25 years, Magic Johnson Enterprises has been revitalising and providing quality entertainment, products and services to ethnically diverse, urban communities.


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