Local Nonprofit Launches Initiative to Boost Regional Economic Development Through Community Partnerships
A new community investment group launched by Chicago business leader Seretha McField-Gibbs aims to spur economic development across the region through partnerships with local businesses and municipalities. The nonprofit, Bear Down Community Investment Group, has set its sights on expanding housing options, constructing mixed-use developments, strengthening local businesses, and building a skilled workforce across Illinois.
Based in Chicago with an initial focus on the Southland, which includes five counties in Illinois and Indiana, the group plans to work closely with municipalities such as Park Forest and Rich Township. Its role is to serve as a "missing link" between community stakeholders, organizations, and government agencies to stimulate economic growth.
The nonprofit's plan to acquire and rehab commercial and mixed-use buildings, as well as develop affordable housing, has been welcomed by local officials. Christine Haley, Illinois Chief Homelessness Officer, praised Bear Down's commitment to expand housing development in the Southland, saying it is especially welcome at a time when official measures of homelessness underestimate the problem.
The Chicago Southland Chamber of Commerce also expressed support for the initiative, planning to serve as a connector between Bear Down and community organizations. Calvin Jordan, supervisor of Rich Township, noted that a nonprofit like Bear Down would be invaluable for communities seeking future growth.
The group's partnership with Urban Terminal, another nonprofit, will launch registered apprenticeship programs to train new carpenters, plumbers, welders, and other skilled-trades professionals. This move aims to address the growing labor crisis in the construction industry.
With a self-funded investment of millions, Bear Down plans to scale its operations nationwide. Seretha McField-Gibbs, who founded business consulting firm McField & Associates in 2014, believes her transition to the nonprofit sector builds upon her existing work and expertise.
A new community investment group launched by Chicago business leader Seretha McField-Gibbs aims to spur economic development across the region through partnerships with local businesses and municipalities. The nonprofit, Bear Down Community Investment Group, has set its sights on expanding housing options, constructing mixed-use developments, strengthening local businesses, and building a skilled workforce across Illinois.
Based in Chicago with an initial focus on the Southland, which includes five counties in Illinois and Indiana, the group plans to work closely with municipalities such as Park Forest and Rich Township. Its role is to serve as a "missing link" between community stakeholders, organizations, and government agencies to stimulate economic growth.
The nonprofit's plan to acquire and rehab commercial and mixed-use buildings, as well as develop affordable housing, has been welcomed by local officials. Christine Haley, Illinois Chief Homelessness Officer, praised Bear Down's commitment to expand housing development in the Southland, saying it is especially welcome at a time when official measures of homelessness underestimate the problem.
The Chicago Southland Chamber of Commerce also expressed support for the initiative, planning to serve as a connector between Bear Down and community organizations. Calvin Jordan, supervisor of Rich Township, noted that a nonprofit like Bear Down would be invaluable for communities seeking future growth.
The group's partnership with Urban Terminal, another nonprofit, will launch registered apprenticeship programs to train new carpenters, plumbers, welders, and other skilled-trades professionals. This move aims to address the growing labor crisis in the construction industry.
With a self-funded investment of millions, Bear Down plans to scale its operations nationwide. Seretha McField-Gibbs, who founded business consulting firm McField & Associates in 2014, believes her transition to the nonprofit sector builds upon her existing work and expertise.