OUR WORK
Path to 15|55’s initiatives are designed to increase AWARENESS of the outcomes and drivers of where Black businesses are today and what is possible with combined effort; support ALIGNMENT towards Key Performance Indicators; and drive ACTION at the local, state and national level.
BOLD GOAL
GROW AT LEAST 15% OF BLACK BUSINESSES, CREATE 600,000+
NEW JOBS, AND ADD $55 BILLION TO THE U.S. ECONOMY
STRATEGIES
GROW
EXISTING
BUSINESS
INVEST IN
INTERCONNECTED
SYSTEMS
REIMAGINE
THE
POSSIBILITIES
KEY PERFORMANCE
INDICATORS
Job Growth
-
# of Jobs in *BBOs
Revenue Growth
-
% Increase in *BBO Revenue
Remove Barriers to Capital
-
#/% *BBO friendly leaders in positions of power and influence
-
#/%/$ of AUM controlled by black institutions & individuals
-
#/$ Capital Products for *BBOs
Policy and Political Accountability
-
$ Resulted from *BBO friendly policies
Capacity Building for Low Growth Industries
-
# of *BBO reinvestment in black community
-
#/% Early stage capital Invested in *BBOs
-
# of *BBOs converted to high growth industries
Shifting the Narrative
-
# of investors that believe
in *BBO
*BBO: Black Business Owners
AWARENESS
!
Share what works and why
ACTION
Catalyze behavior change
ALIGNMENT
Collaborate towards shared outcomes
AWARENESS
ALIGNMENT AND ACTION
Path to 15|55 has $100 million in commitments to grow Black businesses. This capital will be used to support policy change at national, state and local levels, and invest directly in Black businesses and the intermediaries that support them.
This resource, developed with GIIN, CapEQ, and PolicyLink, as a part of the Corporate Racial Equity Alliance, helps investors select impact strategies and adopt recommended sets of metrics that track performance toward racial equity, both through their own policies and practices and through their investments.
Path 15|55 Fund Communities of Action are applied research cohorts who are committed to thinking and behaving differently to accelerate progress towards one or more of the KPIs. Path 15|55 Fund Communities of Action
-
Amplify best practices and develop playbooks
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Leverage and scale insights across the country
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Provide expertise and a container for practical on the ground activities
Path 15|55 Fund
Path 15|55 Fund leverages a collective impact strategy to connect and enhance existing Black- led and Black-influenced capital initiatives, impact investors, nonprofits, government agencies and financial institutions in committing and leveraging their capital to change systems.
These capital initiatives will share and scale innovations in testing risk methodologies, providing ultra-flexible capital sources, fueling high-growth industries, and leveraging place-based infrastructure. This focus ensures Path to 15|55 Fund is amplifying opportunities to change practices within philanthropy, private capital, and government agencies that ensure sustainable systems for Black business growth.
For investors: Contact us at pathto1555@capeqimpact.com