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Press Releases

 

• 2Apr 2013
  Next Street Launches the NYC Business Innovation Challenge in Partnership with NYCEDC

  • 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. 
    

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• 25Mar 2013
  Next Street Expands to West Coast with New Office in Los Angeles

  • Next Street is opening a new office in Los Angeles to lead the firm’s activities with international investors seeking investment opportunities in U.S. urban markets.
    

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• 20Sep 2012
  The Initiative for a Competitive Inner City and Next Street set a new alliance to accelerate inner city economic development and job growth.

  • 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.

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• 10Jul 2012
  Next Street, the Patrick-Murray Administration, and the Massachusetts Growth Capital Corporation Launch New Program to Aid Small, Minority, and Women Contractors

  • 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.

• 2Feb 2012
  Citi and Enterprise Community Loan Fund team up with Next Street on growth financing for small business

  • 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.

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• 1Jun 2011
  Next Street to develop strategy for urban food clusters in Boston and Detroit

  • 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.

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• 20Jul 2010
  Next Street secures $43 million from private, nonprofit, and government sources to develop site for charter school and new retail center in Brownsville neighborhood of Brooklyn

  • 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.

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• 5Apr 2010
  Next Street helps to secure $100 million from private, nonprofit and government sources for Washington DC's Rhode Island Station redevelopment project

  • Redevelopment To Transform Economically Distressed Area Into Vibrant Neighborhood

    Next Street announced today that it has secured nearly $19 million needed to begin the $100+ million redevelopment of the Rhode Island Avenue Metro Station area in Washington D.C.

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• 4Mar 2010
  Next Street announces launch of nextstreetagency.com

  • 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.

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• 13Jan 2010
  Next Street expands ability to finance and support small urban businesses in New York and Boston with the launch of new financing capability, "Next Street Capital"

  • 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.

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