Next Street Partners With Biden-Harris Administration For Historic Economic Opportunity Coalition

Vice President Harris has announced new public and private sector that aims to align the government with a coalition of companies and foundations to address economic disparities. The initiative, spearheaded by solutions firm Next Street, will see a community of investors make significant contributions to BIPOC businesses by connecting them with investments made by the Biden-Harris administration. 

The EOC consists of executive leaders from giant companies, including Bank of America, Capital One, Goldman Sachs, Google, Mastercard, Netflix, PayPal, and more. In addition, the community has already invested billions of dollars in minority-owned businesses and infrastructure investments that create more community wealth. 

“For too long, communities of color have had their economic progress impeded or stagnated by systematic racism, which shows up in how all-American institutions work with communities of color,” said Charisse Conanan Johnson, Managing Partner, Next Street. 

“As a person of color, I have personally and professionally experienced how deeply entrenched these obstacles are and know it will require collective commitment from the most senior levels of government, corporations, and philanthropy to make meaningful change. Thanks to the support of the Biden-Harris administration and our EOC partners, we hope to shift the conditions that have held communities of color back.” 

Next Street, founded in 2005, works to drive seismic change for small businesses by providing them with advisory services and connecting them with experts and industry professionals. According to the outlet, they have provided millions of business owners with the right resources and connections to help them scale and grow their businesses successfully. 

The EOC’s commitment to investing in small minority businesses marks a promising era in historic investment to help close the wealth gap in the US. 

Despite this, the community is working to do more and believes their collaboration with the Biden-Harris Administration will help them reach maximum impact. 

Kumba Kpakima

Kumba Kpamika is a tech reporter at POCIT. A documentary about the knife crime epidemic in the UK got her a nomination for the UK's #30toWatch Young Journalists of the Year.

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