About

Next Street focuses on empowering small businesses in the United States, particularly those that are underserved. The company provides a variety of services aimed at helping these businesses succeed, including access to capital, expert advice, and networking opportunities. They collaborate with larger corporations and public sector organizations to create programs that offer educational resources and development opportunities. For instance, their partnership with DoorDash led to the Accelerator for Local Goods, which supports diverse small consumer packaged goods businesses. Next Street generates revenue through consulting fees, program management fees, and partnerships that fund their initiatives. The goal of Next Street is to ensure that 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

• Collaborations with high-profile partners like Mastercard and Verizon enhance Next Street's credibility and expand its resource pool for small businesses.
• The company's focus on equitable access to capital and resources can lead to significant economic growth in local communities, benefiting both employees and clients.
• Next Street's innovative programs, such as the Accelerator for Local Goods, provide employees with opportunities to work on impactful projects that drive real-world change.

What critics are saying

• The reliance on partnerships for funding and resources could make Next Street vulnerable to shifts in corporate priorities or economic downturns.
• The competitive landscape for business services is crowded, requiring Next Street to continuously innovate to maintain its edge.

What makes Next Street unique

• Next Street focuses on underserved small businesses, providing tailored support that larger, more generalized business services firms often overlook.
• Their partnerships with major corporations like DoorDash and Verizon enable them to offer unique programs and resources that smaller competitors cannot match.
• Next Street's commitment to anti-racism and inclusive economic growth sets it apart as a mission-driven organization in the business services market.

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