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Chicagoland Workforce Funders Alliance celebrates 10 years of impact
The Chicago Workforce Funder Alliance recently celebrated their 10th anniversary, and last month they shared a video that highlights the Alliance's approach to its work and impact over the past decade. Check it out- and congratulations to all involved in this work!
From Supplier Diversity to Business Diversity: Northern Trust Expands Procurement Beyond MBE/WBE Owners
Northern Trust’s data-driven approach helps the bank integrate diversity into any procurement decision, expanding opportunities for diverse suppliers and partners to create wealth
The Chicago region cannot prosper while more than half of residents are excluded from mainstream economic, civic, and social life.
Regions that are more equitable grow faster than those with high levels of inequality.
Coalition members are taking action.
Based on community input, companies are identifying new ways to deploy their capital, capabilities, and employee enthusiasm.
Now is the time to act.
COVID-19 brought into sharp relief deep racial and economic disparities. The murder of George Floyd refocused the nation's attention on racial justice. Widespread gun violence and its devastating consequences for individuals, families, and whole communities remind us that we must do more than react.
We must address the root causes. We must move beyond "business as usual" to catalyze permanent systemic change.
Business as usual.
1. Move beyond philanthropy.
Philanthropy plays a critical role in our region, but businesses can have a greater impact than philanthropists alone. When companies challenge themselves to do business in ways that actively address inequities, change is possible. Equity and business success become linked—each promotes the other's growth.
2. Rethink business investment and operations.
Large and small, public and private, old and new—businesses are the lifeblood of our region. To reduce and sustain reductions in inequality, companies must invest and operate in ways that help businesses, residents, and the entire region thrive.
Hiring from local talent pools
Creating healing-centered workplaces
Investing in community-led real estate
Retaining and advancing employees
Working with local vendors
Growing business operations regionally
3. Take action.
Our members focus on what they can do today to create sustainable change in the Chicago region. The Coalition offers practical and innovative initiatives that amplify the impact of each hour and dollar spent.
4. Work together.
When we act together, we can challenge "business as usual" and build something new in its place. We can pool our resources and know-how and hold each other accountable for doing more. Together, we have the potential to change the culture of doing business in Chicago.
Chicago Resiliency Network
Building trauma-informed, healing-centered workplaces that are better for employees and better for business.
Companies learning, applying principles, and sharing new practices, challenges, and results.
Fostering relationships between catalytic real estate projects, related businesses, and Chicagoland's corporate community.
Bringing expertise and opportunities to community-led real estate developments and businesses to increase the likelihood of success.
An innovative equity product that invites companies to invest in community-led catalytic real estate projects in neighborhoods affected by disinvestment.
Capitalizing $50-million pool of funds to provide flexible, patient, risk-tolerant, affordable equity capital.
Second Chance Initiative
Expanding our region's talent pool to include individuals with criminal records—millions of whom can become engaged and productive employees.
Companies come together in a cohort-based program to assess barriers, identify opportunities, and implement strategies with peer companies and local and national experts
5/25 Move to Action
Individual corporate commitments to build an inclusive and equitable Chicago by changing business operations—backed by action plans and impact measurement.
25+ firms have made specific pledges to act in three principal categories: inclusive workforce, businesses of color, and neighborhood investments.
Our members are putting their strengths to work. Everyone has a role to play.