Last week, Senior Partner Lucy Perez joined the Congressional Hispanic Caucus Institute’s (CHCI) Healthcare Dialogue Series on Capitol Hill for a discussion on advancing Latina health across the lifespan. She joined Phylicia Woods Lisiak, Esq, senior director of Hologic, and Erika Ninoyu, director of federal advocacy at the American Cancer Society Cancer Action Network, for a discussion on improving access to screening, early detection, and high-quality care. The convening brought together policymakers, health experts and private sector leaders to underscore the importance of continued cross-sector collaboration to improve health outcomes for Latina women and their families. #CHCIHealth #LatinaHealth #InvestInHerHealth
McKinsey Institute for Economic Mobility
Business Consulting and Services
Advancing economic opportunity for individuals and communities to create a more inclusive economy and society.
About us
The McKinsey Institute for Black Economic Mobility is a research institute and think tank dedicated to advancing racial equity and inclusive growth in the United States—and globally. Our mission is to help private-, public-, and social-sector leaders take coordinated action to accelerate Black economic development by providing in-depth research, convening with stakeholders, and translating research into practical assets and capabilities to create real-world impact.
- Website
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https://www.mckinsey.com/institute-for-economic-mobility/overview
External link for McKinsey Institute for Economic Mobility
- Industry
- Business Consulting and Services
- Company size
- 10,001+ employees
Updates
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Last week, Associate Partner, Nick Noel presented and facilitated a discussion on how municipalities can prepare for the great businesses ownership transfer at the African American Mayors Association's annual conference. He was joined by Pamela Perry, SVP of financial opportunity at Navy Federal Credit Union; Allegra Stennett, managing partner of New Majority Capital; Evan Edwards, CEO of Project Equity; and Michael Moore, CEO of Achievers Network, to discuss how cities can build ecosystems that enable business transitions and accelerate economic renewal and inclusive growth. #AAMA #TheGreatOwnershipTransfer #EconomicMobility
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Our very own Fadesola A. will take the virtual stage at the 9th annual Black Maternal Health Conference, hosted by Tufts University School of Medicine on April 11th.
We are excited to welcome Fadesola A., Associate Partner at McKinsey & Company, as a moderator for our *virtual* Black Maternal Health conference: https://lnkd.in/g3cQakyF Our panel topics include: 🌟 Reimagining Women's Health Through an Equity Lens 🌟Heart Health and Maternal Outcomes 🌟Silent Conditions & Invisible Pain: Fibroids, PCOS, and Fertility Equity in Black Maternal Health 🌟Breaking the Stigma: Men, Masculinity, and Fertility 🌟The Future of Black Women's Health 🌟Investing in Women's Health: Turning Equity from Ideal to Reality 🌟Driving Change Across the Maternal Health Lifespan: From Fertility to Midlife 🌟Elevating Women's Health: Lessons from the Past, Strategies for the Future See you there!
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Last week, Ken Yearwood joined the Black Economic Alliance Solutions Summit in New York to share our latest research on the great business ownership transfer. The presentation kicked off a day of energizing discussions around using this moment to accelerate economic mobility and ensuring prosperity is not only retained, but expanded to millions. #TheGreatOwnershipTransfer #EconomicMobility #SolutionsSummit
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As Shelley Stewart III writes in his latest op-ed in Forbes on the great ownership transfer, "Retirement is inevitable. Shutdown is not." To fully capture the opportunity presented by this massive shift, we must expand pathways to business ownership and include communities that have been historically underserved. How we manage the transition will shape livelihoods and communities for generations to come. #GreatOwnershipTransfer #InclusiveGrowth
Last week, I shared the release of our latest work on the ownership transfer that is about to occur. Today, I’m digging deeper in Forbes. In my op-ed, The Small Business Conundrum: What Happens When the Owner Retires?, I explore a looming economic inflection point: millions of small business owners are nearing retirement, and too many viable businesses risk closing simply because there isn’t a clear path to transition. This isn’t just about succession planning. It’s about jobs, community stability, and who gets the opportunity to own. If we don’t expand the pool of buyers and rethink capital solutions, we risk losing more than businesses — we risk losing generational wealth and local economic anchors. You can read the full piece here: https://lnkd.in/eCxu8gzE
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Tune in for a special webcast in partnership with our private capital practice on our latest great business ownership transfer research. #GreatOwnershipTransfer #EconomicMobility
I'm excited to host our next session with Ken Yearwood and Nick Noel on how the approaching retirement of millions of baby boomer business owners will result in in the sale - or closure - of six million small and midsize firms representing trillions of dollars in enterprise value and millions of jobs. We'll discuss insights from their recent report on how this ownership transfer could shape local economies, family wealth, and economic mobility for decades to come, and I'll also share audience questions throughout the session. Our VIP link is below if you'd like to register for the live session and receive the on-demand recording. We hope you can join us! https://lnkd.in/enh3NAZH
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Of the six million businesses that will transition over the next decade, our analysis finds that 80 percent of projected ownership exits will occur among firms valued under $2 million. These firms often sit in the “missing middle” of the acquisition market—too large to be informal, yet too small to attract private equity or corporate buyers. As a result, many viable companies remain invisible to the market and are more likely to close rather than transfer. Nick Noel, recently sat down with husband-and-wife entrepreneurial duo, Ray and Dana Foster Chery, on their path to business ownership and their acquisition of Monsam Portable Sinks. This transaction is just one example of the immense opportunity happening amid the great ownership transfer. #TheGreatOwnershipTransfer #EconomicMobility #EntrepreneurshipThroughAcquisition
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Today, roughly 92 percent of businesses close rather than transfer ownership. Our analysis suggests that many of these closures are avoidable if the right systems were in place to help businesses transition. In this interview, JP Julien sits down with Philip Reeves, Founding Partner of Apis & Heritage Capital Partners, to discuss employee ownership as a pathway for business succession and economic mobility. Watch the interview here: https://lnkd.in/eWf5gMAP #TheGreatOwnershipTransfer #EconomicMobility #EmployeeOwnership
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Over the next decade, six million U.S. businesses will be ready to transition, yet today’s business transition ecosystem is structurally unprepared for this shift. Addressing the challenges within the system has the potential to save businesses, revitalize communities and accelerate economic mobility for millions of people. Read our latest report on the great business ownership transfer here: https://lnkd.in/eddce_sZ #TheGreatOwnershipTransfer #EconomicMobility
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Senior partner Shelley Stewart III recently joined Frank Holland at CNBC to discuss our latest report on the great ownership transfer. As Shelley states, this is the largest ownership transition in modern US history, but today's market to connect business buyers, sellers, and capital is not built at scale to successfully manage this transition. Thank you to Michael Hyter of The Executive Leadership Council (ELC), Samantha Tweedy of the Black Economic Alliance, and Orlando Ashford Sr of the National Black MBA Association for weighing into this important conversation and sharing how organizations are meeting this moment. #TheGreatOwnershipTransfer #BusinessOwnership #EconomicMobility
A once-in-a-generation ownership transition is underway—and the opportunity is enormous. Today we published our new article on the Great Wealth Transfer and what it could mean for the economy, communities, and the future of small business ownership. Over the next decade, an estimated 6 million small businesses will transition as baby boomers retire. More than 1 million are viable candidates for sale, representing up to $5 trillion in enterprise value. I also had the chance to discuss this on CNBC with Frank Holland, alongside Samantha Tweedy, Orlando Ashford Sr, and Michael Hyter. One key takeaway: increasing successful transfers will require a deeper, better-prepared pool of buyers—with clear pathways to acquisition and stronger alignment of capital and advisory support. Ensuring that pool includes underrepresented entrepreneurs is critical to improving match rates so more viable businesses find the right next owner and continue creating jobs and economic impact. Article: https://lnkd.in/gG5dFV4m https://lnkd.in/gdpncSVk