Impact "In Place"
In Place Impact is all about "placed-based"impact. All too often companies like ours fly into a city or community where they have no presence, and extract the financial and intellectual capital they receive.
A core tenet of Impact Economics is increasing economic vibrancy within every segment of a community or city, and hence, we believe that the people doing the work need to live in, and be a part of, the cities and communities where the work is being done. This is why we certify people in Impact Economics, allowing them to start or expand their own businesses In Place, resulting in 95% of the revenues they generate and the increases in economic vibrancy they create remaining "In Place".
We are headquartered in Charleston, SC. Below are examples of how we give back, which are replicated by anyone certified in Impact Economics within their own communities.
8-years ago, In Place Impact designed, helped fund, and still helps teach the award-winning, 6 credit ImpactX (Impact Entrepreneurship Class) at the College of Charleston.
This semester-long class uses consequential learning techniques to challenge students to build for-profit innovations purposed to help the greater Charleston region uphold one or more of the UN SDGs.
In Place Impact team members donate 20 hours per week to helping teach and mentor the remarkable students who are selected to take the class. The syllabus, class structure, and full training for professors in other schools are available through the Impact Economics Certification program.
More recently, we have been instrumental in adding accredited classes on Impact Investing and building out the ProtoX Makers Space.
Total annual donated hours = 800
Total annual cash donations = $20,000
In Place Impact designed, fully funds, and teaches Charleston's only free Community Impact Entrepreneurship Class. (A $13,000 value for each participant).
Held 3 times each year in 12-week cohorts, any resident of greater Charleston can attend the 90-minute classes held on Wednesday nights at CofC.
Over 700 people have taken the class, over 70% are women, over 60% are minority, and over 50% live in our most marginalized community segments. This is inclusive impact entrepreneurship at the root level.
In Place Impact team members donate 4 hours per week to help teach and mentor the class participants. The syllabus, class structure, and full training on how to teach the class are available through the Impact Economics Certification program.
Total annual donated hours = 144
Total annual cash donations = $10,000
Free Impact Incubator
In Place Impact designed and runs Charleston's only free Impact Incubator.
Graduates of the student and community classes can bring their SDG focused Impact Innovations into the Incubator to help get them to market, find funding from local impact investors, and to start scaling them.
In Place Impact has arranged for pro-bono hour donations from every kind of professional services firm.
In Place Impact team members donate 600 hours per year to the Incubator and the companies in it. How to set up, run, and manage the incubator is available through the Impact Economics Certification program.
Total annual donated hours = 600. Total annual cash donations = $25,000
Vibrant Hub of Impact
In Place Impact designed Charleston's annual Impact Day event and donated it to the College of Charleston. All proceeds are used to build a formal Center of Impact Studies at the school and to expand the free community Impact Entrepreneurship classes and free Impact Incubator,
The event brings together Charleston's Impact Innovators with its Impact Investors to learn from global recognized leaders. Even during the pandemic, the vibrant hub we have created was responsible for launching and locally funding 7 Impact focused start-ups.
In Place Impact team members donate 50-hours per year to the event. The agenda, event structure, and full training in producing, marketing, and selling sponsorships for the event are available through the Impact Economics Certification program.
Total annual donated hours = 50. Total annual cash donations = $10,000
All of the above is replicated by Impact Economics certified Consultants in the communities where they live and work. Once at scale (8,000 certified consultants around the world), we believe that the Sustainability Program designed by us and adopted by all of our certified consultants, will be the annual catalyst for the following in communities around the world.
What We Can Achieve, When We Know We Cannot Fail
$2 Billion to fund consequential learning and Impact Focused studies in schools
$600 Million invested in impact investment funds in our communities
2.5 million people taking innovation based, impact focused classes
500,000 businesses generating higher profits and enhancing positive social and environmental impact
2,000 new impact focused companies launched
600,000 new jobs in sustainable/impact focused companies
8,000 cities or communities getting closer to attaining the SDGs