Next Street
Next Street is an employee-owned advisory and technology firm that helps corporations, financial institutions, governments, and foundations strengthen U.S. small business ecosystems, with a focus on underserved entrepreneurs, via consulting engagements and its white-label NXST Scale Platform.
- Company typePrivate
- Founded2005
- HeadquartersNew York, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Next Street does
Next Street is a U.S.-based advisory and technology company founded in 2005 and headquartered in New York that helps corporations, financial institutions, government agencies, and foundations strengthen small business ecosystems, with a particular focus on businesses owned by women, people of color, and other socially or economically disadvantaged entrepreneurs. The firm operates a dual business model: (1) project-based consulting and advisory engagements covering ecosystem assessments, supply chain strategy, program design, and implementation, and (2) white-label deployment of its proprietary NXST Scale Platform, which powers digital resource hubs such as NYC Funds Finder, U.S. Bank Business Resources Central, the Get in the Game LA Supplier Resource Hub, and the MI Hub for Manufacturers. The platform integrates with third-party infrastructure including CRF Connect and serves as a centralized entry point for small businesses to access training, advising, capital products, and contract opportunities.
The company is employee-owned and has been B Corp certified since 2018 and SOC 2 Type II certified as of 2023. It maintains offices in New York (headquarters) and Chicago, plus two physical NYC Business Solutions Centers operated on behalf of the NYC Department of Small Business Services since 2012. Its leadership team includes CEO Charisse Conanan Johnson and an executive bench comprising a Chief Revenue Officer, Chief People Officer, Chief Business and Growth Officer, and Chief Strategy & Transformation Officer. Next Street's reported impact metrics include $6.3 billion redirected to underserved businesses, $10 billion in procurement contract wins facilitated, 67,000+ small businesses served through Cook County alone, and a network of 1,000+ small business provider relationships across 34 U.S. cities.
The firm has expanded its mandate over time beyond traditional small business advisory into industrial supply chain ecosystem work via the 2024 launch of the Industrial Supply Chain Forum, and has positioned itself as a national infrastructure player in SSBCI capital deployment through its role as Main Street vertical lead for the Initiative for Inclusive Entrepreneurship (IIE) at the Milken Institute. The go-to-market is sales-led B2B and B2G, with no public pricing and no disclosed revenue, funding rounds, or external institutional investors. Revenue derives from a mix of professional services fees and platform/technology licensing arrangements.
Next Street firmographics
Firmographics- Name
- Next Street
- Legal name
- Next Street Financial LLC
- Website
- https://nextstreet.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Next Street is an employee-owned advisory and technology firm that helps corporations, financial institutions, governments, and foundations strengthen U.S. small business ecosystems, with a focus on underserved entrepreneurs, via consulting engagements and its white-label NXST Scale Platform.
- Ownership category
- akta.pro rank
Next Street industry classification
Industry- Product category
- Small Business Advisory & Economic Development Consulting
- NAICS
- Business Support Services (5614)
- SIC
- Services-Help Supply Services (7363), Services-Computer Programming Services (7371)
- akta.pro primary industry
- Industry-Specific Low-Code Platforms (Vertical App Platforms) (HDAEAKAL)
Keywords
Where Next Street is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Next Street business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Consulting and Advisory Services: Next Street provides end-to-end consulting solutions to corporations, governments, financial institutions, and foundations seeking to strengthen small businesses. Revenue comes from project-based consulting engagements, strategy development, program design, and implementation services.
- Platform and Technology Solutions: Next Street deploys its proprietary technology platforms as white-labeled solutions for clients, generating revenue through platform licensing and technology implementation engagements with government agencies and corporations.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
Next Street product offering
Product offeringCore offering
Next Street provides end-to-end advisory and technology solutions that help corporations, governments, financial institutions, and foundations strengthen small businesses in their supply chains and communities. Core offerings include consulting services (ecosystem assessments, supply chain strategies, program design, and implementation) and a proprietary NXST Scale technology platform deployed as white-labeled digital hubs for small business resource access, capital matching, financing advising, and supplier development.
Product overview
Next Street is a technology-enabled small business solutions company offering a unified platform architecture centered on its proprietary NXST Scale Platform, which serves as the foundational technology layer for multiple digital products and modules. The product portfolio includes two core platform modules—Small Business Resource Platform (for community clients) and Supplier Resource Platform (for supply chain clients)—alongside the Supplier Success Accelerator program. Next Street delivers these through white-labeled instances for enterprise clients (U.S. Bank Business Resources Central, NYC Funds Finder), dedicated regional hubs (Get in the Game LA Supplier Resource Hub, MI Hub for Manufacturers), and specialized platforms (California Small Business Loan Match, IIE Hub). The company also provides consulting services including Ecosystem Assessments and Supply Chain Ecosystem Assessments. All digital solutions are powered by Next Street's proprietary technology and integrate with third-party platforms such as CRF Connect. The Industrial Supply Chain Forum represents the company's knowledge/community product offering.
Differentiator
Problem solved
Functional benefit
Brands
- Initiative for Inclusive Entrepreneurship (IIE): A national initiative to expand access to capital for small businesses owned by socially and economically disadvantaged individuals (SEDI), housed within the Milken Institute.
- Industrial Supply Chain Forum
- Get in the Game LA
- MI Hub for Manufacturers
- NXST Scale Platform
Products and services
- NXST Scale Platform
Quantifiable outcome
- $6.3 billion in funds redirected to businesses facing barriers to capital and support
- +4 more outcomes
Companies that use Next Street
Customer profileNamed customers4 records
Segments6 records
Ideal customer profiles4 records
Next Street technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature4 records
Next Street partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered core and major.
- Initiative for Inclusive Entrepreneurship (IIE)coreIIE is a national initiative housed at the Milken Institute to expand access to capital for small businesses owned by socially and economically disadvantaged individuals (SEDI). Next Street serves as Main Street vertical lead, developing innovative lending solutions and leading go-to-market strategy for platforms like California Small Business Loan Match. IIE leverages public-private collaboration to deploy the $10 billion SSBCI allocation.
- U.S. BankmajorNext Street partnered with U.S. Bank to create Business Resources Central, a free online education platform providing courses and tools to help small business owners run and grow their businesses. The platform leverages the NXST Scale platform.
- DoorDashmajorNext Street partnered with DoorDash to design and deliver a six-week educational program for the DoorDash Accelerator for Local Goods, supporting diverse small CPG businesses with training, grants, and access to DashMart. 60+ small business merchants received training in NYC, Chicago, DC, and California.
- Starbucks Community Resilience FundmajorNext Street partnered with Starbucks to develop the Community Resilience Fund, a $100 million initiative focused on advancing racial equity and environmental resilience by supporting CDFIs in BIPOC neighborhoods. Next Street helped define deployment strategy and identify initial CDFI partners, with $21 million deployed to seven CDFIs in the first round.
- Cook County Bureau of Economic DevelopmentcoreNext Street designed and launched the Cook County Small Business Source in 2020 as a COVID response program, managing a network of 30+ Business Support Organizations and deploying $50 million in ARPA funding to 3,000 small businesses.
- Hyphen PartnershipscoreHyphen incubated IIE as an 18-month pilot before it was housed at the Milken Institute. Next Street collaborated with Hyphen to establish IIE's core objectives, approach, and structure.
- California IBankmajorNext Street partnered with California IBank to launch California Small Business Loan Match, a streamlined resource connecting SEDI small businesses with vetted, responsible lenders enrolled in IBank's SSBCI Loan Guarantee program.
- LA Area Chamber of CommercemajorCoalition partner in Get in the Game LA initiative to strengthen LA's procurement ecosystem for small suppliers competing for contracts tied to 2028 Olympics and other major sporting events.
- LISC LAmajorCoalition partner in Get in the Game LA initiative, providing economic development expertise and community connections for small business supplier development.
- Vermont Slauson Economic Development CorporationmajorCoalition partner in Get in the Game LA initiative, contributing economic development capacity and community relationships to support small supplier growth.
- Michigan Department of Labor and Economic OpportunitymajorProgram sponsor for the MI Hub for Manufacturers, a centralized platform connecting Michigan manufacturers with advisory services, curriculum, events, and resources.
- Michigan Economic Development CorporationmajorProgram sponsor for the MI Hub for Manufacturers platform supporting Michigan manufacturers in the industrial transition.
- NYC Economic Development CorporationmajorNext Street developed the application, participant assessments, and business curriculum for the Offshore Wind NYC Waterfront Pathways Program, helping M/W/DBE firms become prequalified and competitive for NYCEDC contracts in the emerging offshore wind industry.
- NYC Department of Small Business ServicescoreLong-standing partnership since 2012 to design and manage small business development programs, including operating two NYC Business Solutions Centers and programs like WE NYC and Love Your Local.
- Community Reinvestment Fund, USA (CRF USA)majorNext Street partnered with CRF USA on Chicago ecosystem assessment to determine how the city can ensure equitable access to opportunity for all small business owners.
Scale indicators18 records
Recent moves6 records
Expansion highlights6 records
Next Street competitors and assessment
Company assessmentDirect peers
- Hello Alice: Hello Alice is a tech-enabled platform providing small business resources, training, capital pathways, and networking — directly overlapping with Next Street's Small Business Resource Platform and supplier development offerings.
- Local Initiatives Support Corporation (LISC): LISC is a national community development financial institution running programs for underserved small businesses and is already a Next Street coalition partner in LA; it offers similar ecosystem-building and supplier development services at greater scale.
- Pacific Community Ventures: Pacific Community Ventures provides advising and capital access to small businesses in underserved communities — closely aligned with Next Street's small business advisory and ecosystem assessment offerings.
- Working Solutions (TMC Community Capital): Working Solutions is a CDFI providing microloans, advising, and training to underserved small businesses, matching Next Street's blend of capital access facilitation and one-on-one business advisory.
- Grameen America: Grameen America provides microfinance, training, and peer support to women entrepreneurs in underserved communities — directly comparable in mission and target demographic to Next Street's SEDI-focused work.
- National Association for Latino Community Asset Builders (NALCAB): NALCAB is a national network serving Latino and other underserved small business owners with capital access, capacity building, and policy advocacy — operating similar SEDI-focused programs and partnering with many of the same federal funders as Next Street.
Broad incumbents
- Accion: Accion is a global nonprofit operating a CDFI with small business lending and advisory programs across the U.S. — overlapping with Next Street's financial-institution client base and capital access programs, and is itself a Next Street partner.
- Opportunity Finance Network: Opportunity Finance Network is the national association of CDFIs and an intermediary for federal SSBCI capital deployment — comparable in its role across the same small business financing ecosystem where Next Street operates.
Emerging players
- Milken Institute: Milken Institute houses the IIE initiative that Next Street leads the Main Street vertical for. As the institutional backer and ecosystem convener, Milken is a closely related player in the same policy and capital deployment space.
Others
- Hyphen Partnerships: Hyphen Partnerships incubated IIE as an 18-month pilot before it moved to the Milken Institute. It is a partner and ecosystem builder in the same inclusive entrepreneurship space rather than a direct competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Next Street social profiles
Digital presenceNext Street compliance and trust
Trust signalCompliance2 records
Next Street financial estimates
Financial estimateRevenue estimate
Valuation estimate
Next Street leadership team
Management profileNumber of profiles
Profiles10 records
Next Street funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Next Street M&A and investment
M&A and investmentM&A
Investments5 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Next Street
What does Next Street do?
Next Street provides end-to-end advisory and technology solutions that help corporations, governments, financial institutions, and foundations strengthen small businesses in their supply chains and communities. Core offerings include consulting services (ecosystem assessments, supply chain strategies, program design, and implementation) and a proprietary NXST Scale technology platform deployed as white-labeled digital hubs for small business resource access, capital matching, financing advising, and supplier development.
Is Next Street a public or private company?
Next Street is a private company. It is classified as management employee owned and is currently operating.
When was Next Street founded?
Next Street was founded in 2005. It employs 51 to 100 people.
Where is Next Street based?
Next Street is headquartered in New York, United States, in the North America region.
How does Next Street make money?
Two revenue lines are on record. Consulting and Advisory Services are the primary driver. The others are platform and Technology Solutions.
Who are Next Street's main competitors?
Direct peers on record are Hello Alice, Local Initiatives Support Corporation (LISC), Pacific Community Ventures, Working Solutions (TMC Community Capital), Grameen America and National Association for Latino Community Asset Builders (NALCAB). Broad incumbents are Accion and Opportunity Finance Network. Milken Institute is listed as an emerging player. Hyphen Partnerships is listed as an others.
Does Next Street have an API?
No public API is recorded for Next Street.
What industry is Next Street in?
Next Street's product category is Small Business Advisory & Economic Development Consulting. Its primary akta.pro industry code is HDAEAKAL, Industry-Specific Low-Code Platforms (Vertical App Platforms). Its NAICS code is 5614 and its SIC code is 7363.