The economic impact of covid-19 has been unprecedented and is crushing community-based organizations.
Smaller, community-level organizations – many of which operate in low income communities and are led by people of color – were already suffering from decades of discrimination prior to COVID, resulting in lack of access to affordable capital and an insufficient safety net.
If we do not intentionally create the right resources for these community organizations this crisis will widen the racial wealth gap, worsen outcomes for low-income and low-wealth communities, and wipe out an entire segment of our economy.
This targeted recovery effort brings aligned organizations with complementary capabilities together across sectors.
We are pursuing private funding until there is more significant, targeted support from the federal government
Chicago Small Business Resiliency Fund
Status: Launched 3/31
National COVID-19 Impact Fund & Platform
Federally funded SPV
Status: In discussion