The Future Looks a Little Brighter for South Chicago Today

We are excited to announce Claretian Associates has been chosen by Fifth Third Bank and Enterprise Community Partners for a $20 million investment in the South Chicago Community. Their Neighborhood Investment Program will focus over three years on Claretian Associates and cross-sector collaborations. This morning a press conference was held to make the announcement.   
“Fifth Third is thrilled to invest in the transformation of South Chicago, working with our highly committed and collaborative partners,” said Mark Hoppe, regional Fifth Third president. “While revitalizing South Chicago, this supports Fifth Third’s goal to advance racial equity and build upward mobility. “We are ecstatic and grateful to be chosen for this project and excited that Fifth Third and Enterprise share our vision for South Chicago,” said Angela Hurlock, Claretian Associates Executive Director. Among other support, the program will include investments in small businesses, homeownership and workforce development to create successful outcomes such as increased employment, economic stability and growth.  
Claretian Associates was invited to apply for the program based on its ability to meet specific criteria, including partnering with the neighborhood’s Black residents, existing civic infrastructure in the neighborhood and its capability to manage equitable investment and wealth-building opportunities. The program’s funds will support the economic mobility of Black low- to moderate-income residents in South Chicago and cultivate investments and resources from additional stakeholders. 
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