word on the street| july 2018
Client Spotlight: Fahe
As a backbone organization, Fahe works directly with a Network of more than 50 nonprofit Members and other partners across Appalachia to help these organizations achieve their visions for opportunity and change in their communities. As Appalachia transitions to a post-coal economy, the area faces many challenges towards developing a vibrant, diverse, and sustainable economy.
Fahe’s latest white paper, The Time is Now: How Fahe Unleashes Appalachia’s Potential, focuses on how Fahe works together with its Network to uplift the region. Next Street worked in partnership with Fahe on the paper, which provides a snapshot of Fahe’s current strategy as a backbone organization and discusses future strategies that will allow the organization to dramatically increase its impact and help Appalachia move forward in unleashing the region’s potential.
If you’re interested in learning more, you may contact Jeneene Estridge, Fahe’s Senior VP of Communication, Development, and Marketing, at firstname.lastname@example.org
Next Street Partner Charisse Conanan Johnson joined the Federal Reserve Bank of St. Louis for the 2018 CDFI Forum earlier this month. As part of the Forum, Charisse sat on a panel titled Partnership Opportunities with CDFIs, during which she shared some of Next Street’s experience working in communities where organizations have effectively forged partnerships with CDFIs to challenge the status quo.
Specifically, Charisse shared how we work in-depth with CDFIs on developing strategic plans to execute on their external priorities. She also stressed the importance of a CDFI’s non-lending activity to developing community partnerships. Finally, she encouraged participants to always ask themselves three main questions when it comes to community partnership: (1) What is the history of the community that we want to do work in? (2) What problem are we trying to solve, or what opportunity are we trying to seize? and (3) What are the unique assets and capabilities that you bring to the pre-existing community table?
CFSI Emerge Financial Health Forum
Last month, Next Street headed to Los Angeles for the Center for Financial Services Innovation financial health forum, Emerge. The annual forum gathers leaders in financial services around a shared goal of a “financially healthy America.” This year’s theme was “FinHealth by Design: Building Toward Better,” which focused on how organizations can and should use customer financial health as a foundation for redesigning their business strategy.
CFSI President & CEO Jennifer Tescher opened up the conference with a keynote telling stories of how the public and private sectors respond heroically during natural disasters, such as Hurricane Harvey. She then challenged the room to respond with as much urgency to the unnatural disaster that is present across the country – 57% of American adults struggle financially.
To learn more, visit www.cfsinnovation.org
new on the street
NYC SBS Extends the Love Your Local Grant Application Deadline
The NYC Department of Small Business Services has extended the application deadline for the Love Your Local Small Business Grant Program. The Love Your Local program was created to celebrate and support local NYC businesses that provide the jobs, goods, and services that make their neighborhoods vibrant. Winners will receive a portion of the $1.8 million in grant funding, along with advice and guidance from relevant industry specialists and experts.
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Next Street brings strategic and financial expertise to small businesses and nonprofits, and connects the dots across their broader ecosystem to drive sustainable and equitable development solutions in communities across the US. We are a certified B Corporation with offices in Boston, New York City, and Chicago.