The Chicago Community Trust outlined a new strategic vision this month to maintain their commitment to a "thriving, vibrant region" by focusing on advancing economic equity. CEO Helene Gayle wrote that The Trust is “committed to the strategic goal of closing the racial wealth gap in Chicago,” along with other goals that include building tighter bonds within and across communities, strengthening the social impact sector, and growing the amount of philanthropy committed to the region.
In laying out its vision, The Trust cited the findings of ON TO 2050 and its principle of Inclusive Growth, which holds that regions that offer economic opportunity for residents regardless of race, income, or background enjoy longer, stronger periods of prosperity and fewer, shorter periods of economic stagnation. An interactive graphic in ON TO 2050 shows the disparities in economic outcomes faced by residents of various races in our region compared with other regions. Inclusive Growth runs throughout ON TO 2050, but specifically the recommendation to invest in disinvested areas includes strategies to build economic opportunity and vibrant nodes within communities that have a historical lack of private investment.
The Trust also cited the Metropolitan Planning Council (MPC) Cost of Segregation report in its new vision. Earlier this month, MPC released a report updating their progress on the recommendations that came from that effort.
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