Acting Collectively, Thinking Differently:
Supporting Transformational Community
Projects and Business Enterprises
with Financial and Human Capital
Many communities across Chicago suffer from historic disinvestment driven in many ways by structural racism. Until private sector capital flows to these communities in a sustained way, they are less likely to thrive and will continue to be hardest hit by external shocks.
Local community organizations often have keen and critical insight into the projects and investments that can spark and sustain economic growth in their neighborhoods. In cities across the country, powerful partnerships between community organizations and the corporate community have helped revitalize neighborhoods. Such thriving places provide the foundation for more equitable opportunities and for better individual, family and community outcomes.
The Catalytic Investments Initiative challenges Chicago corporations to act collectively and think differently about how they invest in Chicago’s neighborhoods, supporting community-conceived and -led projects with grant, equity, and debt capital and other financing mechanisms that will fill gaps in the landscape of existing resources.
In addition, the Catalytic Investments Initiative will establish a mechanism through which projects and businesses can access development or business advisory services or connect with Corporate Coalition members whose tenancy, supply chain opportunities, and program partnerships may enhance success.
In its initial phase, and to learn more about specific needs and potential partners, the Initiative will build on the momentum harnessed by the Pritzker Traubert Foundation Chicago Prize. It will focus on a subset of the real estate projects and associated business enterprises in the finalists’ proposals and other nearby businesses, whose vitality will contribute to the success of the finalists’ projects. Read more here.