Overview

Next Street empowers small businesses in the United States by providing essential support and resources, particularly to those that are underserved. The company offers a variety of services, including access to capital, expert advice, and networking opportunities, which are crucial for small business growth. They collaborate with larger corporations and public sector entities to create programs that deliver educational resources and development opportunities. For instance, their partnership with DoorDash led to the Accelerator for Local Goods, aimed at supporting diverse small consumer packaged goods businesses. Next Street generates revenue through consulting fees, program management fees, and partnerships that fund their initiatives. Their goal is to ensure small businesses have equitable access to the resources they need, thereby unlocking economic potential and contributing to the health of local communities.

Simplify's Take

What believers are saying

• Partnerships with companies like DoorDash and Verizon enhance Next Street's service offerings.
• The appointment of Ann Lewis as CTO emphasizes technology and innovation.
• City-level partnerships, like with Mastercard, boost localized economic development.

What critics are saying

• Competition from fintech companies threatens Next Street's capital enablement services.
• AI-driven advisory platforms may reduce demand for traditional consulting services.
• Economic downturns could lead to reduced demand for Next Street's services.

What makes Next Street unique

• Next Street partners with large corporations to support diverse small businesses.
• The company focuses on anti-racism and inclusivity in its business practices.
• Next Street offers a unique combination of advisory, capital enablement, and program delivery services.

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