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www.interise.org
Over 3,000 Interise Businesses in more than 60 communities nationwide have used our StreetWise 'MBA'TM to:
Grow established small businesses | Create more local jobs | Strengthen local communities | Build a national network
Impact ReportThe Interise 2015
Pat Ellerbe (center)Pat’s Moving and Storage Company
New York ’14
Since 2004, 3350 small business owners across 65 communities have used our StreetWise 'MBA'™to acquire the business knowledge, management know-how and relationships they need for theirbusinesses to achieve scale. During boom times, the Great Recession, and this uneven andinequitable recovery, Interise businesses have created net new job growth, stabilized localemployment, and contributed to the economic and social resilience of their communities. Now, more than ever, lower income communities need thriving established small businesses.
Recent research from the Brookings Institution on the decline in small business dynamism and fromHarvard Business School on nation-wide increases in concentrated poverty underscore the nationalimperative to build the capacity and resilience of existing growth-orientated rms, especially inlower income communities. Widening income and wealth gaps, rising income inequality, rapidgentri cation of urban core communities... these are the reasons we are partnering withgovernment agencies, local institutions, and business associations to make our StreetWise 'MBA'™available to local business owners across the country.
Another recession will come. This is why we are building a national network of partners: to ensurethat as many urban small businesses as possible have the organizational capacity needed toweather it with as little job loss as possible. In 2016, we will continue to expand our partnershipnetwork to ten more cities, and through the work of our research team, we will deepen ourunderstanding of the relationship between the business environment and small rm resilience.
Every year we measure the social and economic impact of our network. In this 2015 Impact Reportwe share those reported by businesses ompleted the StreetWise 'MBA'™ in 2012 - 2014. In March 2016, we look forward to sharing our rst ten-year impact report and progress towardsour vision–resilient communities, thriving small businesses, and an economy that works for all.
Jean HorstmanInterise CEO
Increased revenue
68%
Added new jobs
57%
In touch with fellow graduates
80% FASTER
Job creation than the private sector
8x
2015 impact data for 616 Interise program graduates completing the annual survey
who c
47
26% 18% 10% 7% 6% 6% 5% 4% 3% 3%
Interise CEOs in 2015
StreetWise ‘MBA’TM
Top 10 Industries in 2015
45% 40% 10%
78%
Women Minority Veteran
of Interise alumni business owners areminority, women, or operate their businessin a low- to moderate-income community
Recommend the StreetWise'MBA'™ to fellow business
owners
95%
72%
+21% 95%“Satisfied or very
satisfied” with theprogram
Average age47 76Oldest age 7622Youngest age22
ProfessionalServices
26%Construction18%
Manufacturing10%
Other Services7%
Retail Trade6%
Healthcare6%
Wholesale Trade
5%Information4%
AdministrativeSupport
3%Transportation
& Warehousing
This chart illustrates the change in CEObehaviors from 2011-2014. Data wascollected from a group of 155 Interise CEOs surveyed annually over this period.Respondents reported a sharp rise in howmuch they use growth plans, financialmetrics, and contracting know-howbetween the start of their Interise programand subsequent years. The levels of allthree behaviors were maintained acrossthe assessment period, suggesting apermanent change in behavior. Over thissame period, CEOs reported an averagerevenue growth of +12.9%, measured in2014 dollars.
3%
Have college degree or higher
Have some collegeexperience
+7%have some high school
or have graduated
Locations across the United States
65
2011
2012
2013
2014
Strongly disagree
Disagr ee
Neutral
Agree
Strongly agree 2011-2014
average annual revenue growth
+12.9%
“As a CEO, I...”
Do you follow written goals or growth plan
Do you use financial data or analysis
Do you know how to locate and respond to government contracting opportunities
Create growth plan
Growth plan year one
Growth plan year two
Growth plan year three
The Big Picture IMPACT by the NumbersThe Big Picture IMPACT by the Numbers 2015 Impact Data for 616 Interise program graduates completing the annual survey
80%
62,000 $481,596,00071% 49%38%
54%
65
3,350
15
57% 68% $2,290,000
8xThriving small businesses
Resilient communities
Interise network
Created new jobs
57%
Increased revenue
68%Average Interise
small businessess revenue
$2,290,000
In 2014, Interise smallbusinesses created jobs at 8x the rate of theprivate sector as a whole
Private sector Interise small businesses
Interise rate of job creation: 17.8%National private sector rate: 2.3%
according to theUS Bureau of Labor StatisticsJobs
Employees (FTEs) hired locally
Average salary of new employees (FTEs)
Total value of contracts with Eds, Meds, Gov and Corporate
8x
62,000
About Our Research Interise has collected evaluation data since its very first cohort in 2004. Business owners participating in the Interise StreetWise ‘MBA’™ complete a pre-programbusiness assessment to provide baseline data on key business metrics, on business characteristics, and on their behaviors and attitudes towards various aspects ofrunning a business. After graduating from the StreetWise ‘MBA’™, business owners complete annual assessments for three years to provide post-program data. The results in this 2015 Impact Report were based on 2014 business outcomes for Interise alumni. Two of the most compelling metrics from 2014 are the rate of jobcreation by businesses — eight times that of the private sector — and the apparent long-term changes in CEO behaviors shown in the “As a CEO, I…” graphic. The lattersuggests that participation in the StreetWise ‘MBA’™ creates lasting changes in the way CEOs run and strategize for their businesses.
Nancy S. Lee, PhD, Interise Senior Research Manager
$481,596,00071%Doing business with EdsMeds, Gov or Corporate
49%Secured new loans
in 2014
38%
Interise CEOs stayconnected to fellow
participants
80%Interise CEOs do business
with fellow participants
54%communities use Interise's StreetWise 'MBA'™ in 65
small businesses3,350
Partners15
Hospital
X 10
The Big Picture IMPACT by the NumbersThe Big Picture IMPACT by the Numbers 2015 Impact Data for 616 Interise program graduates completing the annual survey
Bermuda
Washington D.C.
Houston
McLean
Austin
Birmingham
Boise
Charlotte
Chattanooga
El Paso
Fargo
ColumbusIndianapolis
Las Vegas
Little Rock
Jackson
Louisville
Nashville
Providence
Salt Lake City
San JuanPuerto Rico
Sioux Falls
Tampa
“Based on the level ofcurriculum detail and CEOengagement in and out ofthe classroom, the programhas far exceeded our
expectations. I am lookingforward to the customized growth
plans and to tracking the participant’sprogress as they work to improve their bottom lines”Warren E. Logan, Jr., President/CEOUrban League of Greater Chattanooga
“The program helped me tounderstand how important itis to follow written goalsthat are part of a growthplan. Just writing down your
goals in the first step! Sincecompleting the program, my
company has seen 17% growth inrevenue, which included contracts with government,corporate, and anchor institutions – bringing over$875,000 in contracting opportunity to our business.”Linda Jamerson, Chicago ‘12
”Participating in bringing the cityof Cleveland back even in asmall way means a lot. Sincegraduating in 2014, we haveseen 57% growth, added three
new employees (now a total of10), earned 2 new contracts, and
became certified as an FBE, CSB, LPEbusiness. CGB Tech Solutions supports the UnitedCerebral Palsy Association (UCP) of Greater Cleveland byhiring from their vocational training program and I nowserve on the UCP Business Advisory Committee.” Jen Brunkow, Cleveland ‘14
“The Lyndhurst Foundation ispleased to provide supportfor the National UrbanLeague’s NextLevel programin Chattanooga. Utilizing
the Interise StreetWise MBAcurriculum, the National Urban
League has created an important newresource for our entrepreneurial community. Theprogram responds well to the many small businessesin the Chattanooga area in need of action plans forachieving and sustaining growth. We are grateful tothe National Urban League for their efforts indeveloping this program and for bringing Interise toChattanooga as a key partner.” Macon C. Toledano, Associate Director Lyndhurst Foundation
“Citi is pleased to supportInterise’s Streetwise MBAprogram in New York City,implemented incollaboration with the Stern
School of Business at New YorkUniversity, Columbia University,
and the New York City Department ofSmall Business Services. The program exemplifiesCiti’s commitment to financial inclusion by positioningsmall minority and women-owned businesses for well-managed growth, including access to anchor andgovernment contract opportunities. This growthcreates much-needed new jobs in the communitieswhere these businesses operate, and builds assets forthe business owners and their families.”Eileen Auld, Director, New York Tristate MarketCiti Community Development
“This course was a critical aidin helping me get past thepoint of being a 20 personcompany by developing thesystems needed to support
our current and futurebusiness. I can't express
enough thanks for this opportunity. I have reached a new level of understanding of my business. Just this last year, we saw increasedprofitability of over $300,000. ”Reeves Clippard, Seattle ‘13
Voices from the Interise Network
’‘
Interise Board of DirectorsJeff DiCiaccio
Cynthia Franklin
Ashley Frizzell
Joe Ganley
Jean Horstman, CEO
Shelley Isaacson
Nick Lowe
Adriane Musgrave
Manjari Raman
Chris Richmond
Josh Tolkoff
Joe Wadlinger, Chair
Strategic Growth Partners
Gar eldFoundation
Apple PickersFoundation
Chris Gabrieli & Josh Tolkoff
The Richard andSusan Smith Family
Foundation
George andJane A. Mif inMemorial Fund
www.interise.org | [email protected] | 617-350-6300
Join the conversation: Twitter @StreetWise_MBA or like Interise on Facebook
Growth Partners
Program Partners
Founding Partners
Members of the Interise National Network