word on the street| june 2018
Last month, New Profit celebrated its 14th annual Gathering of Leaders in Boston. The event brought together over 400 social innovators to drive the conversation around how to solve social problems at scale.
For the past six months, Next Street has partnered with New Profit on their Capitalizing Diverse Leaders and Organizations initiative, which is working to build a social sector that supports diverse leaders. At the Gathering, Next Street Partner Charisse Conanan Johnson shared some of the findings from our research, which shows that while there is ample supply of diverse talent and leaders, they don’t often opt into the social sector. And when they do, they are not effectively supported or advanced.
NYCSBS Mobile Unit in Flushing, Queens
Members of the NYC Business Solutions – Queens Center team met with local business owners and entrepreneurs with the SBS Mobile Unit last month. The Mobile Unit is fully outfitted to function as an SBS satellite office, serving entrepreneurs where it is most convenient for them.
In Flushing, Account Managers from the Queens Center met with entrepreneurs on the ground to provide information and answer questions about MWBE certification, accessing financing, navigating NYC business regulations, and more. For more information on upcoming courses and events for NYC entrepreneurs visit NYC Business online.
Mission Investors Exchange Annual Conference – Mission Forward!
Last month, Next Street attended the Mission Investors Exchange 2018 National Conference – Mission Forward!.The conference, held bi-annually, brings together leaders in philanthropy to share best practices in impact investing, learn about new innovations, and brainstorm ideas for the future of the field. This year’s conference themes focused on pushing boundaries of scale, driving innovation, building partnerships beyond philanthropy, and raising the bar for equity and impact.
Visit our website to learn more about some of our key takeaways from the conference, including the increased focus on place-based investing.
Next Street CEO Marina Linhart attended the Opportunity Collaboration Summit, which brought together over 250 social impact leaders from across the country to find solutions to poverty and injustice in the United States. Attendees gathered to discuss challenges, brainstorm tangible solutions, and share resources to help move our country forward.
At the Summit, Marina led a discussion session titled What is Equitable Development & How Do We Achieve It?. The 20 attendees discussed how to develop a common definition of equitable development and the set of criteria that can be used to determine if development is equitable, including longevity, local relevance, cultural awareness, and coordination. Visit our website to learn more about the criteria that were discussed.
new on the street
FINNovation Lab opens in Minneapolis-St. Paul
A collaboration between Impact Hub MSP and the FINNovation Lab launched a co-working space and social business development programming in Minneapolis in April. The space is situated on the fourth floor of the FINNEGAN’s House and was catalyzed by dynamic social entrepreneur, Jacquie Berglund. The 13,000 square-foot space offers office, work, and meeting space for both for-profit and nonprofit social enterprises ranging from start-up to established organizations.
Since launching, the FINNovation Lab announced its FINNovation Fellowship Program, a nine month incubator and fellowship program to support impact entrepreneurs. Visit finnegans.org/fellowship for more information or to apply.
Next was proud to work with the FINNovation Lab and Impact Hub to develop a robust set of programming to help social businesses grow and scale in the region. Our work was support by the Bush Foundation; the Foundation’s Social Business Ventures Initiative has a guiding goal of making the region one of the best places in the country to grow and scale a social business.
RI BizBuilder officially launched
Building on Next Street’s ecosystem mapping and strategy development work, the Rhode Island Foundation has announced the launch of RI BizBuilder, an online navigation resource that helps Rhode Island entrepreneurs and business owners connect with over 100 support organizations statewide providing capital, training, and advice. This represents one of several major Foundation initiatives to catalyze small business growth, including Buy Local Rhode Island and the new Golden Chicken Awards for outstanding small businesses nominated by their communities.
heard on the street
- Shift(ing) advanced manufacturing – Liz Callahan of Buffalo Manufacturing Works talks about the Shift program on Invest Buffalo Niagara’s latest podcast
- The Center for Financial Services Innovation announced the winners of its Financial Solutions Lab Fourth Annual $3 Million Challenge
- Strong Social Networks are Key to Turning Around Communities – A look at some of the outcomes of one of the largest single-city community development efforts in the country
careers at next street
Where teamwork and entrepreneursip meet
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.