Growth Opportunity Partners
- Company typePrivate
- Founded2016
- HeadquartersCleveland, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
Growth Opportunity Partners firmographics
Firmographics- Name
- Growth Opportunity Partners
- Legal name
- Growth Opportunity Partners, Inc.
- Website
- https://growthopps.org
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Growth Opportunity Partners industry classification
Industry- Product category
- Community Development Financial Services
- NAICS
- Civic and Social Organizations (813410)
- SIC
- Miscellaneous Business Credit Institution (6159), Short-Term Business Credit Institutions (6153), Investment Advice (6282)
- akta.pro primary industry
- Renewable Energy & Energy Transition Funds (FSANAJAB)
- akta.pro secondary industries
- Financial Inclusion & Consumer Empowerment (Banking Access, Credit Building) (BPAGALAJ), Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG)
Keywords
Where Growth Opportunity Partners is headquartered
LocationHeadquarters
- HQ city
- Cleveland
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Growth Opportunity Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Capital Deployment: Growth Opps provides community development capital to growing small businesses primarily in underserved, low and moderate income (LMI) communities in Ohio through loan products and equity investments.
- GO Advisory Services: Management consulting services accessing industry expertise and diverse talent to address complex challenges for companies, communities, and people.
- EPA Solar for All Grant Administration: Administering $156 million EPA grant to deploy solar projects across 8 Midwest and Rust Belt states, providing subawards to network of community foundations, cities, and counties.
- GO Green Energy Fund: Green Bank financing for small to large scale commercial, community, and industrial solar project development.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels7 records
Growth Opportunity Partners product offering
Product offeringCore offering
Growth Opportunity Partners is a nonprofit community development financial institution that provides three core offerings: GO Advisory (management consulting), GO Capital (loan and equity financing for small businesses in underserved communities), and the GO Green Energy Fund (a Green Bank financing commercial and industrial solar projects with $15M in initial mission-driven capital). It is the first African American led Green Bank in the United States and the designated Green Bank for the State of Ohio, primarily serving LMI communities in Ohio with additional clean energy programs spanning 8 Midwest and Rust Belt states.
Product overview
Growth Opportunity Partners operates as a community development financial institution (CDFI) offering a portfolio of three core products: GO Advisory (management consulting), GO Capital (small business lending), and GO Green Energy Fund (Green Bank for clean energy/solar projects). The organization also offers emergency support through a COVID-19 Employee Hardship Fund. The company is the first African American led Green Bank in the United States, the designated Green Bank for Ohio, and a member of the American Green Bank Consortium. Services are focused on underserved, low and moderate income (LMI) communities in Ohio.
Differentiator
Problem solved
Functional benefit
Brands
- GO Advisory: Professional services accessing industry expertise and diverse talent to provide solutions for business challenges.
- GO Capital
- GO Green Energy Fund
- RISE Energy Summit
Products and services
- GO Advisory Management consulting service that accesses industry expertise and diverse talent to provide solutions for complex or persistent challenges faced by companies, communities, and people in underserved communities. Designed for small businesses, community organizations, and stakeholders needing strategic and operational advisory support.
- GO Capital Capital deployment solution providing a variety of funding options, including loans and equity investments, to small businesses in underserved communities. Addresses undercapitalization as a primary stress for entrepreneurs and supports business growth plans.
- GO Green Energy Fund Green Bank initiative deploying mission-driven capital to support clean commercial and industrial solar project development. The first African American led Green Bank in the United States and the designated Green Bank for the State of Ohio. Supports small to large scale commercial, community, and industrial solar project development.
- COVID-19 Employee Hardship Fund Emergency fund that helps companies and organizations provide a resource to their employees to reduce the economic hardship their families may be experiencing due to the COVID-19 pandemic and resulting economic crisis.
Quantifiable outcome
- 25% of clients paid off early 14-37 months due to improved cash flow
- +4 more outcomes
Companies that use Growth Opportunity Partners
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles3 records
Growth Opportunity Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature1 record
Growth Opportunity Partners partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core, major and minor.
- International Brotherhood of Electrical Workers (IBEW)coreLandmark partnership to collaborate on implementation of the Solar for All program. MOU outlines commitment to ensuring high-quality jobs with diverse and skilled workforce, promoting Labor Agreements, complying with Davis-Bacon requirements, and expanding IBEW training programs to create opportunities for underserved communities.
- Coalition for Green Capital (CGC)corePartnership to strengthen the National Green Bank's ability to catalyze America's transition to a clean energy platform. Growth Opps launched GO Green Energy Fund in collaboration with CGC. Partnership anticipated initial pipeline of projects with total valuation of more than $2B in public-private dollars over next several years.
- American Green Bank ConsortiumcoreGrowth Opps joined as the 16th green bank with the launch of GO Green Energy Fund. Consortium is a group of 18 green banks and clean energy financing organizations working collectively to expand and accelerate innovative clean energy investment across the United States.
- Citizens BankmajorLong-standing partnership to support community through financial education. Citizens Bank provided $120,000 to 11 nonprofit organizations including Growth Opps. Ndeda N. Letson serves as Chairwoman of the Board of Directors at Growth Opps while serving as VP at Citizens Bank.
- Power a Clean Future OhiominorExecutive Director Joe Flarida expressed support for the coalition's work, noting the transformative economic and environmental benefits the project will deliver to households and communities throughout Ohio.
Scale indicators13 records
Recent moves6 records
Expansion highlights6 records
Growth Opportunity Partners competitors and assessment
Company assessmentDirect peers
- Connecticut Green Bank: Connecticut's state-level green bank that pioneered the green bank financing model in the U.S. Closely comparable to Growth Opps' GO Green Energy Fund in deploying mission-driven capital for clean energy and serving as a financing intermediary for solar and building decarbonization projects.
- NY Green Bank: New York State's green bank, a division of NYSERDA, that mobilizes private capital into clean energy projects. Directly comparable to Growth Opps in providing structured financing for renewable energy and serving as the state-designated clean energy financing entity.
- Coalition for Green Capital: National nonprofit that designs, launches, and capitalizes green banks across the U.S. Direct strategic partner of Growth Opps since January 2023 and a co-creator of the GO Green Energy Fund. Highly comparable as the umbrella network Growth Opps operates within.
- Montgomery County Green Bank: County-level green bank in Maryland focused on clean energy financing for commercial, multifamily, and small-scale solar. Closely comparable in scale and mission to Growth Opps' GO Green Energy Fund as a sub-state green financing entity serving local underserved communities.
- Reinvestment Fund: Major CDFI that deploys capital for housing, community development, and clean energy in underserved markets. Directly comparable to Growth Opps across the GO Capital and GO Green Energy Fund lines as a mission-driven community development lender.
- LISC (Local Initiatives Support Corporation): One of the largest CDFIs in the U.S., providing capital and advisory services to underserved communities for housing, small business, and community development. Directly comparable to Growth Opps' integrated lending plus advisory model targeting LMI communities.
- Calvert Impact Capital: Impact-focused CDFI that pools capital from individuals and institutions to fund community development and climate solutions globally. Comparable to Growth Opps as a mission-driven financial intermediary channeling impact capital into underserved communities and clean energy.
- Coastal Enterprises Inc. (CEI): Maine-based CDFI providing capital and advisory services to underserved small businesses and clean energy ventures. Comparable to Growth Opps in being a regional CDFI that combines small business lending with clean energy financing within an integrated platform.
Broad incumbents
- Generate Capital: Large-scale sustainable infrastructure investor financing distributed solar, storage, and community clean energy projects. Overlaps with Growth Opps' mission-driven solar deployment but operates as a much larger, for-profit infrastructure financier.
- RSF Social Finance: Impact-focused financial institution providing loans, grants, and investments to social enterprises including food, education, and climate. Comparable to Growth Opps in deploying mission-aligned capital for community benefit but operates at larger scale across multiple impact themes.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Growth Opportunity Partners social profiles
Digital presenceGrowth Opportunity Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Growth Opportunity Partners leadership team
Management profileNumber of profiles
Profiles5 records
Growth Opportunity Partners funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Growth Opportunity Partners M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Growth Opportunity Partners
What does Growth Opportunity Partners do?
Growth Opportunity Partners is a nonprofit community development financial institution that provides three core offerings: GO Advisory (management consulting), GO Capital (loan and equity financing for small businesses in underserved communities), and the GO Green Energy Fund (a Green Bank financing commercial and industrial solar projects with $15M in initial mission-driven capital). It is the first African American led Green Bank in the United States and the designated Green Bank for the State of Ohio, primarily serving LMI communities in Ohio with additional clean energy programs spanning 8 Midwest and Rust Belt states.
Is Growth Opportunity Partners a public or private company?
Growth Opportunity Partners is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Growth Opportunity Partners founded?
Growth Opportunity Partners was founded in 2016. It employs 1 to 10 people.
Where is Growth Opportunity Partners based?
Growth Opportunity Partners is headquartered in Cleveland, United States, in the North America region.
How does Growth Opportunity Partners make money?
Four revenue lines are on record. Capital Deployment is the primary driver. The others are GO Advisory Services, EPA Solar for All Grant Administration and GO Green Energy Fund.
Who are Growth Opportunity Partners's main competitors?
Direct peers on record are Connecticut Green Bank, NY Green Bank, Coalition for Green Capital, Montgomery County Green Bank, Reinvestment Fund, LISC (Local Initiatives Support Corporation), Calvert Impact Capital and Coastal Enterprises Inc. (CEI). Broad incumbents are Generate Capital and RSF Social Finance.
Does Growth Opportunity Partners have an API?
No public API is recorded for Growth Opportunity Partners.
What industry is Growth Opportunity Partners in?
Growth Opportunity Partners's product category is Community Development Financial Services. Its primary akta.pro industry code is FSANAJAB, Renewable Energy & Energy Transition Funds, with a secondary code of BPAGALAJ, Financial Inclusion & Consumer Empowerment (Banking Access, Credit Building). Its NAICS code is 813410 and its SIC code is 6159.