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Our social enterprises are intended to be planned, staffed, managed, and owned by community residents. Some hold land for commercial, industrial, and residential projects being planned, designed, and built by community residents, while others create opportunities for employment, management training and, ultimately, business ownership.

SOCIAL ENTERPRISE

Where social mission meets the marketplace to drive the economic engine of The Village at Market Creek Harnessing the power of the local economy makes business in The Village financially viable. At the same time, businesses look to a double-bottom line with social goals like creating new jobs, providing training and capacity-building, and opening opportunities for resident ownership.

MARKET CREEK EVENTS & VENUES

MARKET CREEK PARTNERS, LLC

DIAMOND MANAGEMENT, INC

Market Creek Events & Venues is a dynamic social enterprise venture that builds a bridge between the Diamond Neighborhoods of southeastern San Diego and the city’s multibillion dollar meetings and events industry.

Resident ownership of a significant community asset is made possible through Market Creek Partners, LLC. This limitedliability company owns Market Creek Plaza.

Diamond Management, Inc. (DMI) oversees property development and management, business development, contractor development, and operations for the Jacobs Center for Neighborhood Innovation. DMI’s mission as a training business is to reclaim blighted properties and build social and economic value in the Diamond Neighborhoods.

OWNERSHIP

EVENTS 895 events with over

90,000

attendees were hosted at Market Creek Events & Venues in 2012. 100,000

91,069 83,487

80,000

75,343

60,000

51,791

40,000 9,000 2008

2009

2010

2011

2012

SALES $1.2M in revenue in 2012. Sales since

5 MILLION

opening in 2008 $

12 56

Local

PROFITS RETURNED TO COMMUNITY Diamond Community Investors Neighborhood Unity Foundation

225,000 $ 255,000 $

480,000

$

TOTAL

43

%

In 2008, a group of Diamond Community Investors pooled their dividend distributions for future investment. $100,000

$90,973

$80,000

TRAINING 150+ residents have received hospitality training and experience. Annual training investment $

$40,000 $20,000 $0

CONSTRUCTION NEW CONSTRUCTION

Market Creek Plaza Elementary Institute of Science Joe & Vi Jacobs Center

SQUARE FT.

104,000 15,000 78,000

Total New Construction

197,000

RENOVATION

SQUARE FT.

BRYCO Business Park Total Renovation

42,000

CREEK RESTORATION

LINEAR FT.

Chollas Creek River Parkway Chollas Creek Tributary Total Creek Restoration

42,000

1,200 900

2,100

CONTRACTING Value of Village construction contracts over $

39.7MILLION

Minority- or women-owned

79%

$92,908

$77,402

$60,000

30,000

4%

COMMUNITY INVESTMENT FUND

EMPLOYMENT Full Time On Call

20% 20% 56%

• Diamond Community Investors • Neighborhood Unity Foundation • Jacobs Center for Neighborhood Innovation • Diamond Management, Inc.

Shares typically earn community investors a 10% return on their investment.

20,000 0

Individual community stakeholders purchased $ 500K worth of shares (at $10/share) in Market Creek Partners, LLC. Neighborhood Unity Foundation also invested $500K.

$59,081 $39,411 $14,300 2007 2008 2009 2010 2011 2012

DEVELOPMENT COSTS

completed projects

New construction, renovation, and creek restoration over $

60.1 MILLION

Building & tenant improvements

$421,000


Jacobs Center for Neighborhood Innovation 404 Euclid Avenue San Diego, CA 92114 phone (619) 527-6161 fax (619) 527-6162

JACOBSCENTER.ORG


Social enterprise impact