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8th Annual New York Inner City Leadership Ceremony Honors Joseph J. Sitt and Comptroller William Thompson.

NYC Comptroller and Long-time Entrepreneur Help Revive Struggling Urban Economies

HARLEM, N.Y. -- ICIC to Release New Study on Inner City Retail Success and Failure
WHAT: Entrepreneur Joseph J. Sitt and New York City Comptroller
 William C. Thompson, Jr., will receive the prestigious New
 York Inner City Economic Leadership Award presented by the
 Initiative for a Competitive Inner City (ICIC) during a
 ceremony at Harlem's historic Apollo Theater on Thursday,
 February 8, 2007.
 The annual event will also include a presentation of new
 research on inner city retailing. For the first time ever,
 America's 100 largest inner city markets will be mapped in a
 classification on successful inner city retail against
 factors of retail penetration, retail growth and retail gap.
 This is the latest research component of ICIC's
 comprehensive State of Inner City Economies database. The
 research will also showcase a deeper dive into three
 NY-based inner city markets: Harlem, Brooklyn and the Bronx.
 In addition, there will be a discussion on The Role of
 Creative Financing in Inner City Retail: Lessons from New
 York. Moderated by Simon Ziff, President, The Ackman-Ziff
 Real Estate Group LLC will moderate a panel made up of
 Kenneth F. Bernstein, President & CEO, Acadia Realty Trust,
 Adam Ifshin, President, DLC Management Corp, and Hope
 Knight, COO, UMEZ. The panel represents some of the nation's
 top real estate developers who have helped pioneer the shift
 from suburban retail development to the inner city and have
 led the movement to not only create opportunities for
 retailers to re-enter the urban market, but have also
 modeled best practices in overcoming obstacles and
 challenges to inner city development.
WHO: The event is hosted by Harvard Business School Professor
 Michael E. Porter, founder and chairman of ICIC; Dorothy A.
 Terrell, ICIC CEO and is co-chaired by Robert B. Catell,
 Chairman and CEO of KeySpan, Colbert Narcisse, COO, Merrill
 Lynch Global Private Client Group, and Christopher Williams,
 Chairman & CEO The Williams Capital Group, L.P.. Other
 attendees include Commissioner Robert Walsh, Kenneth
 Knuckles, CEO of UMEZ and 250-300 New York business and
 civic leaders, including many inner city businesses from New
WHERE: The Apollo Theater, 253 West 125th Street, Harlem, New York
WHEN: February 8, 2007 from 3:30 - 7:00 PM


The Initiative for a Competitive Inner City (ICIC) is a national not-for-profit founded in 1994, by Michael E. Porter. ICIC conducts research that highlights the competitive advantage of inner cities. Its market-based approach to economic development comprises a number of efforts oriented toward increasing private-sector investment in the inner city, linking inner city development to metro, city and regional development strategies and breaking down information barriers that keep inner cities underinvested.

Its mission is to promote inner city economic prosperity that leads to jobs, income and wealth creation for inner city residents.
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Publication:Business Wire
Date:Feb 7, 2007
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