Our Successful 6-Year Pilot Embedding Multi-Stakeholder Capitalism in Charleston has Been Embraced by:
The City and The Mayor
The College of Charleston
Business & Community Leaders
Residents of ALL Community Segments
Every Socio-Economic Demographic in Our City
The Most Profound Impact Happens When it Occurs "In Place"
At In Place Impact we have a myopic focus on empowering all residents within a community to participate in and personally benefit from the creation of a society that is economically, socially, and environmentally sustainable for all. A large part of Impact Economics is a dedication to "in-community" pro-bono work. Everything you see below (that is working so well in Charleston SC) has been designed to be scaled in other communities wishing to embrace and embed Impact Economics.
Today we are also in using part of the Impact Economics model to aid in COVID19 support and ending systemic racism.
We are always more than happy to answer any of your questions on the initiatives below:
Impact Education and Consequential Learning
6 years ago, In Place Impact designed, helped fund, and 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.
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 600 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
Our Founder sits on the Board of Governors of the School of Business at The College of Charleston and was recently elected to the Board of Directors for the university's 250th Anniversary. He is also the Impact Expert in Residence at the school.
In Place Impact mentors undergraduate and graduate students in everything Impact.
In Place Impact Team members donate 2 hours per week to mentoring students on all things Impact.
Total annual donated hours = 70. Total annual cash donations = $0
Our Founder created and funded the Stuart M. Williams Impact Scholars program at the College of Charleston.
Each year 7, seven students are chosen to become Stuart M. Williams Impact Scholars, receiving a total immersion in Impact Investing, Impact Entrepreneurship, Impact Management, Impact Economics, and Impact Measurement.
In Place Impact team members donate a total of 4 hours per week to mentoring the scholars.
Total annual donated hours = 140. Total annual cash donations = $5,000*
* Additional donations from the Williams family are not from In Place 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 is purposed to expose residents of Charleston to global best practices in building a community that is economically, socially, and environmentally sustainable for all residents.
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
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
To prove out Impact Economics, In Place Impact has worked extremely closely with Mayor John Tecklenburg and the City of Charleston to make the "Holy City" socially, economically, and environmentally sustainable for all of its residents.
The City of Charleston has gone through In Place Impact's "City Impact Index". The syllabus, class structure, and full training for professors in other schools are available through the Impact Economics Certification program. The City Impact Index, how to engage cities, and how to work with them is included in the Impact Economics Certification program.
In Place Impact has donated over $100,000 in pro-bono consulting hours to Impact Economics in Charleston.