WE'RE BUILDING A PATH TO GROW AT LEAST 15% OF BLACK BUSINESSES, CREATE 600,000+ NEW JOBS, AND ADD $55 BILLION TO THE U.S. ECONOMY.
A SYSTEMATIC SOLUTION FOR A SYSTEMIC PROBLEM
Black business ownership is a proven path to wealth and job creation, while stimulating the US economy. However, there are deep-rooted, systemic challenges limiting their growth. The Path to 15|55 is a collaborative initiative, between experts from every sector, designed to grow Black businesses and their communities based on research that shows if 15% of Black-owned businesses are able to hire one more employee, the American economy could grow by $55 billion.
THE TIME IS NOW
In these unprecedented times, an innovative, economic intervention is needed to address the racial and economic inequities the Black community is experiencing. Without a prompt solution, the median Black household wealth
and the American middle class as a whole will suffer. This is an opportunity for anyone
invested in the strength of the U.S. economy.
The time to act is now.
THE $55 BILLION PLAN
We’re galvanizing government agencies, non-profits, financial institutions, and investors looking to achieve major social impact with practical, innovative strategies. Together we're ensuring at least 15% of Black business owners have everything they need to grow their businesses and hire at least one more employee. This movement is creating 600,000 new jobs while adding $55Billion to the US economy.
And, 15% is the ground floor, not our sky.
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 reimagining how Black businesses are supported by activating strategic partners that understand the systemic barriers that hinder growth in every sector. We are coalescing around three core areas to support Black Businesses:
Each partner within the Path to 15|55 plays a key role--from lending capital to activating government programs--to ensure this endeavor works.
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