Grow at least 15% of Black businesses, create 600,000+ new jobs, and add $55 billion to the U.S. economy
THE CHALLENGE
-
It would take 228 years for Black families to build wealth equal to white families.
-
The racial wealth gap is hollowing out the middle class.
-
Black business owners were 12x wealthier than their peers; owning a business helps close wealth gaps.
-
Black business ownership is a proven path to wealth and job creation that concurrently stimulates the U.S. economy. Deep-rooted, systemic challenges limit their growth-inhibiting economic prosperity and preventing generational wealth.
THE SOLUTION
Path to 15|55 is a collaborative initiative, among experts from every sector, designed to grow Black businesses and their communities based on research that proves: if just 15% of Black-owned businesses are able to hire one more employee, the American economy could grow by $55 billion.
Align practices to the Path to 15|55 strategies in service of tracking shared outcomes
Grow Existing Business
Target existing businesses and position them to accelerate growth and hire additional employees.
Invest in Interconnected Systems
Invest in systems and networks focused on policy, advocacy, and removing barriers to capital.
Reimagine the Possibilities
Transform how business owners and investors view and value existing assets in the black community to drive growth.
Path to 15|55 is collaboration with five key action groups toward shared outcome.
Financial
Institutions
High Net Worth
Individuals
Philanthropic
Investors
Corporations
Political
Leaders
Path to 15|55
is collaborating with five key action groups toward shared outcome.
$55 BILLION
+
600,000 NEW JOBS