EMPLOYMENT GROWTH MAY BE FROM YOUR STREETPosted: 08.03.2017
There is no doubt the economy is healthier than it has been in quite some time. One has only to look to the news to discern that the U.S. is in the midst of an economic growth spurt.
Underscoring a strengthening economy is that as of last month, according to the U.S. Department of Labor, 3 million more Americans were earning paychecks, compared with 12 months ago. And yet, even as unemployment rates are at an all-time low and at levels not seen in six years, there are still those who are struggling to find a job.
If this is the case for you or someone you know, opportunity may be closer than you realize. Here's why: Currently there are approximately 500,000 U.S. companies with annual revenue between $5 million and $25 million dollars -- companies that have succeeded in getting start-up financing with the help of families and friends, but have since grown into needing more capital to continue.
"Today 80 percent of investments in private companies are made within a 50 mile radius of that enterprise," says YourStreet Funds CEO Stephen H. Watkins. "The problem is that Wall Street struggles to find these companies in an efficient manner."
That's where the YourStreet Funds Independent Sales Organization (ISO) members come in. The sales member identifies these "faceless" companies who are on target for growth, but have capital needs too small to attract the attention of Wall Street, yet they typically need more capital than friends or family can spare to continue their growth.
These companies, Watkins says, are where the "economic and employment growth for America will occur if given a chance."
"Unfortunately, this void of companies, this chasm, has few resources and places to go for continued financing," he says.
The answer, according to Watkins, is a joint effort between YourStreet's ISO network identifying those companies in need and the regional and community brokers and sales reps across the nation.
"Mortgage brokers in every community know all the companies that fall into this category, as well as the CEO's and presidents of these growing companies," says Watkins. "Through the ISO network, the YourStreet Funds reach a large number of profitable companies across the nation, companies who would like growth capital for their business, so that in turn, they can hire more employees."