Public Sector Initiatives
Helping Communities Thrive
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 designed an innovative financing structure to fill an $18 million capital gap and get a stalled mixed-use and transit project back on track in Washington, DC, producing jobs for 700 construction workers and 200 new permanent jobs.
- Next Street is working with the Western Massachusetts Economic Development Council to increase the capacity of a dozen small companies to compete for larger contracts in the region.
Resources
Next Street works closely with these organizations on issues of inner city economic development:
-
Brookings Institution’s Metropolitan Policy Program
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 -
Initiative for a Competitive Inner City
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 -
Northeastern University School of Public Policy and Urban Affairs
Tim Ferguson is on the board of the premier social science research and policy center.
View Web Site
