Grow at least 15% of Black businesses, create 600,000+ new jobs, and add $55 billion to the U.S. economy
THE CHALLENGE
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It would take 228 years for Black families to build wealth equal to white families.
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The racial wealth gap is hollowing out the middle class.
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Black business owners were 12x wealthier than their peers; owning a business helps close wealth gaps.
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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
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Target existing businesses and position them to accelerate growth and hire additional employees.
Invest in Interconnected Systems
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Invest in systems and networks focused on policy, advocacy, and removing barriers to capital.
Reimagine the Possibilities
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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