Community Investment Portfolio (“CIP”)
The Community Investment Portfolio (“CIP”) will serve the same purpose as a financial portfolio. It will identify investments that have been made within the Greater Englewood community. The display of the investments or assets will inform stakeholders and also facilitate more balanced future planning. The CIP will also be the first step toward creating a comprehensive Community Annual Report (“CAR”).
The CIP discussed within this proposal will list the current assets available to the Greater Englewood community for future economic development. For example, the CIP would quantify the number of urban farms in the area (workforce development), the number of block clubs (human assets), TIF balances (financial assets), Landmark buildings (physical assets), cultural assets, institutional assets, specific programs and plans (intellectual assets), etc. While the initial purpose of the CIP is provide information in an economic development context, the scope of the CIP could be expanded to identify education, public health and public safety assets.
Community Annual Report (“CAR”)
The purpose of the Community Annual Report (“CAR”) is to provide residents and other stakeholders such as policy makers with an objective, data focused assessment of the community assets identified in the CIP. Additionally, CAR would identify gaps that exist between assets, make recommendations for additional investment, and provide status updates for plans and programs that have been implemented within the community. For example, if the CIP identified that there were 100 vacant parcels in the community CAR would provide context and make recommendations on how to best leverage the parcels to improve future economic conditions. Additionally, if there were already a plan in place for the parcels this would be articulated within the report.
Anticipated outcomes of CIP and CAR publication:
- Better understanding of available community assets/ Streamline assets
- Attempt to determine asset performance (also levels of investment)
- Reference guide for stakeholder decision making (also a lobbying tool)
- Improved social planning and collaboration strategies