Next Street

Growth Capital, Advisory Services

Roxbury, Massachusetts

United States

nextstreet.com

About Next Street

Next Street was founded in 2005 and built around an idea: to equip urban small business owners with the same of level of expertise and access to capital that Wall Street, Madison Avenue, and the premier consultancies provide to FORTUNE 500 companies. Next Street provides financing and strategic advisory services to some of the most dynamic companies in America’s most dynamic markets: its cities. It helps successful urban small businesses and non-profit organizations with $5 million to $50 million in revenues navigate the challenges that come with growth. Of the 90 plus clients Next Street has served to date, more than half are located in low-to-moderate income areas and three quarters are women- or minority-owned.

The Next Street merchant banking model transforms how small businesses access capital and advice. Its portfolio companies benefit from sophisticated capabilities that ignite and accelerate growth:

Unmatched experience in business financing, management strategy, organizational development, and marketing

Access to growth capital

Direct relationships with banks, government agencies and other institutions that affect business outcomes

Next Street became a B Corporation because it is committed to leveraging the power of business to promote economic development across America’s cities.

The Change We Seek®

Next Street’s model represents a new enterprise for a new economy. Its goal is nothing short of promoting economic development on a meaningful scale and transforming how capital and business advice are provided in this market. Next Street seeks to unlock the potential of urban small businesses to create value in the marketplace; produce and retain jobs; improve standards of living; and produce sustained economic vitality in their communities.

What makes us a better company?

B Impact Report

Certified since: 

December 2010
Summary:

Company Score

Median Score*

Environment

Environment

The Environment section of the Assessment evaluates a company's environmental performance through its facilities; materials, resource, and energy use; and emissions. Where applicable, it also considers a company's transportation/distribution channels and environmental impact of its supply chain. This section also measures whether a company's products or services are designed to solve an environmental issue, including products that aid in the provision of renewable energy, conserve resources, reduce waste, promote land/wildlife conservation, prevent toxic/hazardous substance or pollution, or educate, measure, or consult to solve environmental problems.

5
7
Workers

Workers

The Worker section of the survey assesses the company's relationship with its workforce. This section measures how the company treats its workers through compensation, benefits, training, and ownership opportunities provided to workers. It also focuses on the overall work environment within the company through management/worker communication, job flexibility and corporate culture, and worker health and safety practices.

26
18
Customers

Customers

The Customers section of the Assessment measures the impact a company has on its customers. The section focuses on whether a company sells products or services that promote public benefit, and if those products/services are targeted towards serving underserved populations. Questions in this section will measure whether a company's product or service is designed to solve a social or environmental issue (e.g. improves health, preserves environment or creates economic opportunity to individuals or communities, promotes the arts/sciences, or increases the flow of capital to purpose-driven enterprises).

28
N/A
Community

Community

The Community section of the survey assesses a company's impact on its community. The Community section evaluates a company's supplier relations, diversity, and involvement in the local community. The section also measures the company's practices and policies around community service and charitable giving. In addition, this section includes if a company's product or service is designed to solve a social issue, including access to basic services, health, education, economic opportunity, arts, and increasing the flow of capital to purpose-driven enterprises.

17
17
Governance

Governance

The Governance section of the Assessment evaluates a company's accountability and transparency. The section focuses on the company's mission, stakeholder engagement, and overall transparency of the company's practices and policies.

15
6
Overall B Score
89
55

80 out of 200 is eligible for certification

*Of all businesses that have completed the B Impact Assessment

*Median scores will not add up to overall

view full reports ยป

Company Highlights: 

Employees: Living wage paid to all employees; >15% increase in compensation last year; >80% health insurance premiums covered for all employees and their families; >50% of senior positions filled with internal candidates last yea

Community: >60% of Significant Suppliers are local and independent; >40% women/ethnic minority management; >40% female employees; >30% of profits donated to charity

Environment: Written policies to reduce corporate travel; >75% of printed materials use low-impact inputs