Local Business Leader Launches Initiative to Revitalize Regional Economy with Community Investment
A new community investment group launched by Chicago business leader Seretha McField-Gibbs aims to boost economic development across the region through strategic partnerships and collaborations. The nonprofit organization, Bear Down Community Investment Group, has set its sights on Illinois' Southland region, where it plans to expand housing options, construct mixed-use developments, strengthen local businesses, and build a skilled workforce.
McField-Gibbs, who is also the founder of business consulting firm McField & Associates, Inc., sees her new venture as an opportunity to fill a gap in the community development landscape. "We're coming in and partnering with municipalities, with community stakeholders, and organizations that are already in existence," she explained. "Our role is to serve as a missing link, facilitating partnerships that will stimulate economic growth."
One of Bear Down's initial focuses will be on addressing the region's housing crisis. The nonprofit plans to acquire and develop affordable housing units, while also constructing mixed-use developments that combine residential, commercial, and recreational spaces.
However, the group's efforts go beyond simply providing more affordable housing options. McField-Gibbs emphasized the need for a skilled workforce in the construction industry, citing a growing labor crisis across the Midwest. To address this issue, Bear Down will partner with businesses and organizations to launch registered apprenticeship programs that provide training in areas such as carpentry, plumbing, and welding.
The initiative has already garnered support from local officials and business leaders. Christine Haley, Illinois Chief Homelessness Officer, praised Bear Down's commitment to expanding housing development across the Southland region. "Building more housing is key to stabilizing the relentless growth of the price of life," she said.
Calvin Jordan, supervisor of Rich Township, echoed Haley's sentiments, stating that a nonprofit like Bear Down is essential for communities seeking economic growth and workforce development. "This collaboration adds tremendous value, accelerates and amplifies our township's economic development initiatives," he said.
As Bear Down looks to scale its operations nationwide, McField-Gibbs remains committed to her core mission of fostering community partnerships and driving regional economic development. With a self-funded investment backing the organization, Bear Down is poised to become a major player in the non-profit sector, with far-reaching implications for communities across Illinois and beyond.
A new community investment group launched by Chicago business leader Seretha McField-Gibbs aims to boost economic development across the region through strategic partnerships and collaborations. The nonprofit organization, Bear Down Community Investment Group, has set its sights on Illinois' Southland region, where it plans to expand housing options, construct mixed-use developments, strengthen local businesses, and build a skilled workforce.
McField-Gibbs, who is also the founder of business consulting firm McField & Associates, Inc., sees her new venture as an opportunity to fill a gap in the community development landscape. "We're coming in and partnering with municipalities, with community stakeholders, and organizations that are already in existence," she explained. "Our role is to serve as a missing link, facilitating partnerships that will stimulate economic growth."
One of Bear Down's initial focuses will be on addressing the region's housing crisis. The nonprofit plans to acquire and develop affordable housing units, while also constructing mixed-use developments that combine residential, commercial, and recreational spaces.
However, the group's efforts go beyond simply providing more affordable housing options. McField-Gibbs emphasized the need for a skilled workforce in the construction industry, citing a growing labor crisis across the Midwest. To address this issue, Bear Down will partner with businesses and organizations to launch registered apprenticeship programs that provide training in areas such as carpentry, plumbing, and welding.
The initiative has already garnered support from local officials and business leaders. Christine Haley, Illinois Chief Homelessness Officer, praised Bear Down's commitment to expanding housing development across the Southland region. "Building more housing is key to stabilizing the relentless growth of the price of life," she said.
Calvin Jordan, supervisor of Rich Township, echoed Haley's sentiments, stating that a nonprofit like Bear Down is essential for communities seeking economic growth and workforce development. "This collaboration adds tremendous value, accelerates and amplifies our township's economic development initiatives," he said.
As Bear Down looks to scale its operations nationwide, McField-Gibbs remains committed to her core mission of fostering community partnerships and driving regional economic development. With a self-funded investment backing the organization, Bear Down is poised to become a major player in the non-profit sector, with far-reaching implications for communities across Illinois and beyond.