Our Motto
We Cultivate the Relationships through a synergistic approach
ECONOMIC MOBILITY - The ability to improve ones wealth and economic circumstance.
The ReachBack 5-2-1 Community Impact Initiative builds community synergy.
It leads to new entrepreneurs, startups, and jobs, growth of future talent, and business retention.
A ReachBack community constitutes 5-youth programs, 2-startups, and 1-community startup each year until 2025.
ReachBack is a comprehensive, wraparound and synergistic approach that get individuals working together and using the assets the community already has.
Utilizing the assets a community already has.
As an intermediary, ReachBack acts as a coordinator and project manager, working with community leaders, entrepreneurs, and project partners to:
Teach & develop business and financial models and frameworks that are sustainable.
Drive project design, from identifying volunteers, and outcomes to defining implementation, training and evaluation plans.
Research and Benchmark best-in-class economic mobility and youth high quality educational programs, then integrate them and report to community partners to achieve better outcomes for the community needs.
Establish and implement strong governance and accountability systems and technologies, to support community partners with real-time data and decision making.
Raise necessary capital for the community entrepreneurship, workforce, and youth programs from a range of impact investors, including financial institutions, foundations, donor-advised funds, individuals, and fundraisers.
Startup companies do not fit the traditional banking model for lending capital.
ENTREPRENEURSHIP
With 95% of minority businesses structured as solo-entrepreneurs with no employees, this places communities with a high population of minorities or those with a growing number of minorities at risk of decreasing economic mobility. The current small business funding programs work for the 5% who are ready for capital.
There are over 12.6M individuals unemployed as of September 2020 .
WORKFORCE
With 48% of college graduates under-employed prior to Covid-19, how will young adults in the local community avoid the catch-22? The catch-22 is you need the experience to get a job and a job to get experience.
Parents want their children to leave high school and college with 21st Century skills and real-world experiences so that they can be self sufficient.
CAREER DEVELOPMENT
Studies show many students are not motivated to learn. This can suggest that the school curriculum is not allowing enough creativity and/or real-world experience.
Entrepreneurship activity - 40-yr low
Employers need motivated talent
Availability of Data & Technology
Consumers Driving Markets
George Washington Carver
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Annually, until the year 2025, local leaders make economic mobility through entrepreneurship a top priority by executing the 5-2-1.
5 - Youth Entrepreneurship Programs that result in experiential and 21st century learning in business, finance, and career exploration as a tool for implementing community change .
2 - new local Startups projected to reach $5 million -$1B market size and pledge to keep headquarters or regional offices in the community. This requires them to change their business strategy so they can participate in economic development which ultimately prospers the entire communities.
1 - Community Startup, a group of individuals in the community that start an enterprise that aligns with the citizen's vision for economic development they want to see within their community and the talent the community possesses (i.e. a community rich in nature and has talented residence in agriculture might want to start a essential oil business).
A Community Innovator is an individual with natural leadership abilities who fervidly thinks and creates things people want, but lack the opportunity to scale their idea or reach his/her potential due to discrimination related to his/her zip code, racial disparities, and/or gender. Community Innovators come from all walks of life. By investing in ReachBack's programs 5-2-1 Initiative, local leaders will be the catalyst to empowering individuals who deserve to be entrepreneurs and intrapreneurs. You would make it possible for young adults who are underemployed and unemployed to find high-quality, living wage jobs with career advancement. You would make it possible for community innovators to reach their full potential.
In our definition, George Washington Carver would have been considered a community innovator. Just think, how many individuals in local communities don't get the opportunity to reach their full potential. If George Washington Carver was unable to learn to his full potential, what would it be like in this world today not having his genius discoveries in advanced agriculture and biochemistry? The local communities are full of geniuses. What did America lose when it failed to provide the proper education to underestimated youth? For example, consider the little boy, at age 14 who built microphones from baby doll speakers, or the shy prodigy singer and musician who sang on-stage in the high school talent shows who would have thrived in Corporate America behind the scenes at Disney. Instead their lives went astray because he/she resided in the wrong zip code. ReachBack believes Community Innovators are part of the solution to bringing America out of it's 40-year downward trend in entrepreneurship activity and local governments reducing economic mobility concerns.
ReachBack consults with small businesses, community builders and the local government agencies in the community to develop promising startups and projects that improve social outcomes. A financial due diligence is performed to ensure the scope of work is aligned with the guidelines and policies of bankers, investors and corporations to raise capital and the municipal economic mobility goals. ReachBack tracks and reports the startups and projects to ensure the community needs are met.
We recruit individuals with entrepreneurial mindsets to lead startups and community projects. These projects are intended to up-skill and re-skill individuals who reside in the local communities. Participants take a career assessment to work in their passion and participate in a 6-week to 3-month startup or project.
We don't limit the age for learning, ReachBack has the knowledge and experience to keep your child excited about learning. Our selection of programs and projects challenge bright students and help them build their skills and explore their interests under the guidance of our experts in the community and corporate volunteers.
Junior Achievement gives children opportunity to explorer careers and gain 21st Century skills.
We don't re-invent the wheel, ReachBack research for evidence-based programs like JA and integrate them into the ReachBack Framework.
Although it is easier than ever to start a business, the ecosystem for running a business is unevenly distributed. The majority of capital flows to entrepreneurs in high growth businesses and communities that prosper. With most Venture Capital (VC) funding going to three states, our entrepreneurs with great ideas lack the information to successfully grow their businesses let alone position for VC funding, get expert mentor advice and/or learn best practices for building a company. The ReachBack Business Connect program seeks to transition entrepreneurs leaving the workplace and connect them with entrepreneurs with like missions.
Community leaders in prospering towns learn about business enterprises and how they play a critical role in building their community’s wealth. Studies show that towns have used community wealth-building strategies such as Cooperatives, Community Land Trusts, Community Development Corporations and Public-Private relationships to create quality jobs. Our Community Startup program encourages micro-enterprises, community leaders, city officials and entrepreneurs to create economic stability using the public-private relationship models.
You are a full-time entrepreneur or if you are not full-time, you have 20 hours a week
Enjoy and have the bandwidth to participate in a fast pace environment
Commitment to building wealth within the local community where your business resides
Have a heart to reach back to mentor the next generation and give forward upon your business success
Value teamwork
You are eager to learn and participate in community and business projects
You are coachable
Leaders have 3-5 hours per week to participate on the ReachBack project
Parents are willing to engage
Parents are willing to participate in engage in parent activities
Up-skilling and Re-skilling
Community Economic Improvement
Business Retention
Student 21st Century Collaboration
Job Creation