- Nonprofits and Social Enterprises
- Large Institutions
- Governments and Economic Development Entities
We work closely with small-business owners and their teams to achieve growth and improve performance. Our work often includes:
Increasing market share, extending product and service lines, and entering and building new markets.
Driving efficiency and profitability through all parts of the business.
Financial management and planning
Optimizing cash flow, capital structure, and investing in growth.
Defining key roles, organizational structure and decision-making, work processes, and cultivating leadership and culture.
Capital investment and management
Planning for and executing major investments, including acquisitions, real estate, and facilities.
Preparing the financial and management plan to transition leadership and ownership, as well as capturing and distributing the value in the business.
We provide advice to investors, financial institutions, foundations, and community development organizations to unlock the potential of mission-aligned capital to transform communities.
Developing forward-looking strategy grounded in robust internal and external market research as activities shift toward sustainably realizing social impact.
Developing portfolio strategy and providing syndication and direct asset management for traditional and impact investors who are seeking to align assets to mission.
Structuring and deploying capital
Designing and structuring customized vehicles to meet investors’ economic development and impact objectives, often combining capital types and sources in new ways.
Providing strategic planning, operational support, and organizational design services to recipients of capital to ensure funds are effectively utilized to achieve desired outcomes and investor financial returns.
We work with forward-thinking institutions to develop innovative community development and engagement strategies.
Economic development and inclusion
Strategically leveraging institutional investments in operations, real estate, and infrastructure to catalyze growth in jobs and opportunities for local businesses and residents, including:
- Access and inclusion Aligning administrative functions, designing community programs, and creating access to institutional resources in a way that empowers the entire community.
- Procurement Building a front-to-back solution for sourcing, engaging, and developing small and diverse businesses in the supply chain.
- Workforce Establishing policies and processes to attract, develop, and advance talent from diverse and underserved communities.
- Real estate and infrastructure Shaping community development plans in connection with master planning and redevelopment projects that address critical public needs and opportunities and link to broader municipal goals.
Coalition-building and collaboration
Designing local and regional strategies and partnerships across institutions, philanthropy, and government.
Aligning community engagement activities with the core business
Creating innovative, high-impact programs and pathways to deliver core services (education, health care, research, training) to members of the surrounding communities in a way that advances institutional competitiveness.
Governments and Economic Development Entities
We work with city and state leaders, quasi-public agencies, and public-private partnerships to translate high-level economic development goals and strategic priorities into action — across both traditional and innovative models.
Translating high-level strategy and priorities to programmatic and financial plans at the municipal, regional, and state level; often as part of, or following on, a strategy-setting process.
Developing a deep fact base and a grounded, multi-faceted strategic plan for supporting the formation, development, and performance of small businesses in a city or region.
Developing new capital structures and deployment strategies for traditional and impact capital to invest in economic development and social equity initiatives.
Working hand-in-hand with economists and other researchers to assess sector-based trends in business growth and job creation, translating complex analysis into tangible opportunities with practical solutions that can be put into action.
Brooklyn Navy Yard
We performed financial analyses and created an operational plan to help the urban industrial park attract and serve tech-driven and socially responsible tenants.
The latest from Next Street
In late 2016, the Baltimore Integration Partnership (BIP) engaged a team of consultants led by Next Street to help BIP’s anchor institution members to consider economic inclusion policies and practices…