Get the Word Out to the QC’s Social Entrepreneurs

As leaders in the QC’s entrepreneurial community, the Croixstone Consulting team passionately supports Social Venture Partners Charlotte and the organization’s SEED20 program. Social Venture Partners (SVP) is a philanthropic organization passionately attacking the issue of social and economic inequality in Charlotte through venture philanthropy.

The Croixstone team is helping to spread the word about SEED20 (Social Entrepreneurs EmpowereD), a unique program that aligns directly with SVP’s mission of growing and empowering the region’s vibrant social entrepreneur community .  Through this annual program, SVP identifies, spotlights and supports the Charlotte region’s most innovative ideas for tackling pressing social challenges.  Since SEED20’s launch more than 5 years ago, SVP has coached, supported, and showcased over 80 organizations and individuals and given out $160,000 in awards to nonprofit entrepreneurs.

SEED20 is accepting applications through November 1, 2016.  Learn more about SEED20 here.


Snapshot – U.S. Consulting Industry

So how big is the U.S. consulting industry? 

According to data published in June 2016 by Consultancy.uk (an online platform for the advisory and consulting industry), the U.S. consulting industry (the world’s largest and most mature consulting segment), grew strongly last year at a healthy 8% to reach nearly $55 billion.

Given Croixstone Consulting’s home here in Charlotte, the nation’s 2nd largest financial market, it was no surprise to see that, once again, the Financial Services industry remains far and away the U.S. consulting market’s biggest spender. Banks and insurers, among others, spent nearly $14 billion on consultants in 2015, up 9% on last year, although the growth rate was slower than the year previous.

Other industries showed robust growth as well.  Retail was the fastest growing sector, expanding 11% to approach $4 billion as retailers bolstered their digital investments in order to tap into the rise of e-commerce and omnichannel demands. Consulting to the public sector remains the poor relation of the industry, according to the researchers, with a 2.6% growth to $6 billion, as public sector investment sunk to the lowest level in over 60 years. The U.S. energy & resources consulting market grew by 5% to $7.3 billion, while pharma grew by a strong 10% to $1.7 billion, despite mounting pressures in the space, including an increasingly intense debate about drug pricing practices.

Learn more here.


Charlotte is One of Top 25 Future Ready Economies in the USA

Last year, Dell introduced its “Future Ready Economies Model” that identified the top 25 Metropolitan Statistical Areas (MSAs) in the country with attributes that enable people and organizations to access new tools and new ideas that deliver better connections, better outcomes – and a better world.

The Croixstone Consulting team has noted with interest that Dell believes that “future ready” cities understand the need to create a collaborative business environment, supporting not only established firms, with their employees and growing number of independent contributors, but also growth-oriented entrepreneurs (knowing that entrepreneurs drive 50% of GDP and 75% of new jobs).

In partnership with IHS Economics, an industry-leading macroeconomics firm, Dell ranked Charlotte at #15 on the USA’s top 25 list of “future ready” cities.

Learn more here.