Topics Under Tag: "chicago"

manufacturing renaissance

In Chicago, Boosting Entrepreneurial Opportunities While Saving Manufacturing Jobs

Anne Field | February 5, 2019

In greater Chicago, most owners of manufacturing companies are not only white, but also are retirement-age and lack a succession plan. Their kids don’t want to take over or they lack the skills to do so. The likeliest fate for those businesses is to be bought by private equity firms that fire the employees, sell […]

Program for Diverse Founders Targets Lack of Friends and Family Funding

Anne Field | October 3, 2018

Most startups fund their earliest days with money from friends and family, as well as angel investors. But what if your friends and family are not wealthy—and, in fact, are more on the struggling side of the equation? That’s the stark reality for many entrepreneurs, especially those from diverse backgrounds. The average white household has […]

Chicago social enterprise

Chicago-Area Social Enterprises Will Benefit Under New Rule

Anne Field | March 5, 2018

Procurement is an often-overlooked policy tool, but it can have significant impact on local economies. Cook County, Illinois,  which includes Chicago and is the second largest county in the U.S., is using its purchasing power to give the area’s social enterprises an official leg up. The county recently enacted an ordinance giving impact ventures a […]

Small Businesses Are Key to Job Growth in Inner Cities

Locavesting Staff | November 10, 2016

The inner city was a recurring theme in the presidential campaign. President-elect Donald Trump called inner cities “a disaster,” painting a grim picture of violence, poverty and a lack of jobs. The reality is less stark. Cities have undergone a renaissance in recent years and housing prices have risen. Yet a lack of jobs and […]

Chicago Looks to Social Enterprise to Address Urban Challenges

Anne Field | July 11, 2016

Chicago has more than its fair share of urban woes. Cook County, a county of more than 5.2 million of which Chicago is the county seat, has a poverty rate of 17%. It is plagued by violence and crime. And the county suffered the biggest population decline last year of any county in the U.S. […]