How We Work
In 2001, on South Hope Street in Los Angeles, CA, a group of young entrepreneurs, business leaders and technology professionals was concerned about the future of the middle class and economic opportunity in the U.S. Looking at GDP growth, gains were going to the top 10% and they believed this threatened the fabric of our society and that we needed new solutions to the same debate about more or less government.
This group formed Hope Street Group in 2003 and believed that the way to address these problems was to renovate social systems for the 21st Century by:
- Creating opportunities from a systematic,
- Bringing innovative approaches and tools from the private sector to social systems
- Focusing on actual outcomes and metrics
The Problem We Are Solving
Systems We Target
We believe the key drivers of economic opportunity and prosperity are education, jobs and health so we focus on optimizing the following social systems:
According to a study conducted by the Lumina Foundation, the earnings of workers with formal education or training beyond high school is more than double the earnings of workers with less than a high school diploma in the United States.
According to the Hamilton Project, skills are an important determinant of workers’ earnings and employment opportunities. While no test perfectly measures skills relevant to economic success, stronger analytical skills measured on the Armed Forces Qualification Test (AFQT) correspond to higher wages.
According to Centers of Disease Control and Prevention, Americans use preventive services at about half the recommended rate. Health problems are a major drain on the economy, resulting in a loss of productivity that reduces economic output by $260 billion per year.
We optimize the Education, Workforce and Healthcare systems by designing blueprints for change. Through this process we identify the root causes and set the vision, develop & validate solutions and continuously improve using our toolkit: