Next Street’s knowledge of tax credits helped secure over $45 million in financing for Brownsville, Brooklyn’s first new retail development in a generation, transforming a historic theater into 60,000 square feet of store space and a LEED-certified charter school for 1,200 students. The project will create over 250 full-time jobs in a community with an unemployment rate of 22%.
Next Street Founder, Chair and Managing Partner, Tim Ferguson and Next Street President and Founding Partner, Ron Walker are on the leadership council of this widely respected program of the Brookings Institution which conducts research and analysis on the challenges and opportunities facing the country’s metropolitan areas, including inner cities. The Program is built on the belief that our nation’s ability to compete rests on the ability of our major metropolitan areas to realize their full economic potential.View Web Site
ICIC is the nation’s leading authority on inner city economies and promotes prosperity through private sector engagement. Tim Ferguson sits on the board of directors for this national not-for-profit organization founded by Harvard Business School Professor Michael Porter.View Web Site
Tim Ferguson is on the board of the premier social science research and policy center.View Web Site