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.

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 multi-billion dollar meetings and events industry.

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

SOCIAL ENTERPRISEWhere social mission meets the marketplace to drive the economic engine of The Village at Market CreekHarnessing 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

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.

895 events with over attendees were hosted at Market Creek Events & Venues in 2012.

90,000EVENTS

91,06983,487

75,343

51,791

9,000

100,000

80,000

60,000

40,000

20,000

020122011201020092008

$5MILLION

$1.2M in revenue in 2012. Sales since opening in 2008

SALES

EMPLOYMENTFull Time 12On Call 56

Local 43%

150+ residents have received hospitality training and experience. Annual training investment $30,000

TRAINING

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

COMMUNITY INVESTMENT FUND

$14,300

$39,411

$59,081

$77,402

$90,973 $92,908

$0

$20,000

$40,000

$60,000

$80,000

$100,000

2007 2008 2009 2010 2011 2012

PROFITS RETURNED TO COMMUNITYDiamond Community Investors $225,000Neighborhood Unity Foundation $255,000

TOTAL $480,000

Individual community stakeholders purchased $500K worth of shares (at $10/share) in Market Creek Partners, LLC. Neighborhood Unity Foundation also invested $500K.• DiamondCommunityInvestors 20%• NeighborhoodUnityFoundation 20%• JacobsCenterforNeighborhood 56% Innovation• DiamondManagement,Inc. 4%

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

OWNERSHIP

CONSTRUCTIONNEW CONSTRUCTION SQUARE FT.

Market Creek Plaza 104,000Elementary Institute of Science 15,000Joe & Vi Jacobs Center 78,000

TotalNewConstruction 197,000

CREEK RESTORATION LINEAR FT.

Chollas Creek River Parkway 1,200Chollas Creek Tributary 900

TotalCreekRestoration 2,100

RENOVATION SQUARE FT.

BRYCO Business Park 42,000

TotalRenovation 42,000

MILLION

Value of Village construction contracts over $39.7

CONTRACTING

Minority- or women-owned 79%

MILLION

New construction, renovation, and creek restoration over

DEVELOPMENT COSTS

Building & tenant improvements $421,000

completed projects

$60.1

J A C O B S C E N T E R . O R G

Jacobs Center for Neighborhood Innovation

404 Euclid Avenue San Diego, CA 92114

phone (619) 527-6161 fax (619) 527-6162