Next Street announced the launch of the NYC Business Innovation Challenge
in partnership with the New York City Economic Development Corporation
(NYCEDC). The Challenge invites businesses to create a plan that will provide their workers
with a path to improve their skill sets, career prospects, and economic
opportunities, while helping the business attain higher employee retention
rates, organizational performance and revenues.
ICIC, the nation’s leading authority on inner city economic development, announced a strategic alliance with Next Street, the first merchant bank for urban enterprise, to accelerate the implementation of economic development strategies in low-income areas of U.S. Cities.
Secretary of Administration and Finance Jay Gonzalez today announced a new partnership with the Massachusetts Growth Capital Corporation (MGCC) to administer a training program for small, minority and women construction contractor firms that will focus on enhancing the viability of small businesses to compete for and execute on public and private construction contracts.
Citi Community Capital and Enterprise Community Loan Fund announced today they are investing a combined $30 million in the new Next Street Opportunity Fund aimed at igniting small business growth and hiring in New York City and Boston. The investing partners view the new fund as a prototype for potential expansion and roll-out to other cities.
Project leverages Next Street’s food industry expertise and establishes partnership with U.S. Commerce Department’s Economic Development Administration
Next Street announced today that it was selected by the Initiative for a Competitive Inner City (ICIC) to advance employment and economic development opportunities by revitalizing food cluster strategies for Boston and Detroit. The goal of the project is to help the cities of Boston and Detroit develop tangible strategies to grow and strengthen the interrelated businesses, suppliers, and associated institutions in the food sector.
Newest Project Marks Next Street's Second of Several Active, Transformative Community Projects in New York, Boston and Washington D.C.
Next Street announced today that it had secured more than $43 million for redevelopment of the former Pitkin Loew’s Theater on Pitkin Avenue in the Brownsville section of Brooklyn. The new development will be home to the Brownsville Ascend charter school, as well as two floors of new and much needed retail space to serve the local community.
Merchant Bank's Expansion Into Marketing and Advertising Services for its Inner City Small Business Clients, Reflected on the Web
Next Street, a merchant bank founded to serve urban small and middle-market businesses nationwide with a combination of business advisory services and customized financing solutions, has announced the launch of nextstreetagency.com, the new online home of its marketing and advertising practice.
Gloria Lee and Steve Kunin Join Next Street Capital from Pembrook Community Capital
Next Street, the merchant bank founded to serve strong- performing, high-potential inner city small businesses and entrepreneurs, today announced the launch of Next Street Capital. The creation of Next Street Capital represents an important milestone in Next Street’s development, enabling the firm to provide customized lending and capital solutions to small businesses in underserved urban markets, primarily in New York and Massachusetts.