The $10 Million “Chicago Prize” Seeks to Boost Neighborhood Revitalization
Chicago has long been a leader in analyzing complex urban problems and testing innovative community development strategies to revitalize disinvested neighborhoods. But like in other major US cities, Chicago’s strides have yet to overcome the barriers that prevent many neighborhoods and residents from reaching their full potential.
Unequal access to private capital is a major barrier to inclusive economic opportunity. To address this barrier, the Pritzker Traubert Foundation (PTF) recently launched the Chicago Prize, a philanthropic challenge that will award a $10 million grant to a community-led initiative that invests in the physical revitalization of neighborhoods on the South and West Sides of Chicago. The Chicago Prize will support physical revitalization projects that can strengthen civic infrastructure and catalyze economic activity, improving the lives of current residents…
Continue reading on the Urban Institute website.To Article
Pritzker Traubert Foundation announces the Chicago Prize, a $10 million grant competition to support community investment on Chicago’s South and/or West Side
CHICAGO—The Pritzker Traubert Foundation (PTF) has announced the Chicago Prize, its new grant competition to invest in the economic future of residents on Chicago’s South and/or West Side.
The Chicago Prize will award a single, $10 million grant to a highly collaborative initiative that uses physical development to spur economic activity, strengthen civic infrastructure, and improve the safety, well-being, and economic mobility of residents. The grant emphasizes the relationship between a community’s physical environment and its civic infrastructure—the environment that shapes and sustains a community.
Civic infrastructure refers to the policies, programs, practices and processes that connect physical revitalization with neighborhoods’ customs, culture, networks and relationships. Research shows that physical development, whether affordable housing, mixed-use development or community centers, can be more of a cornerstone for addressing community needs and creating systemic change when civic infrastructure is also considered.
“What makes Chicago communities so special often boils down to two things – the people who live there and places there that make a neighborhood unique,” said Bryan Traubert, PTF co-founder and chairman. “Places and people are tremendous assets in every community, but in some of our South and West Side areas, we haven’t made enough investments in either to offset the inequities that we all know exist. Working with the Park District, I spent time in almost every Chicago neighborhood and saw the great potential that exists there. I’m looking forward to learning even more about that potential through the Chicago Prize.” Traubert was president of the Chicago Park District Board of Commissioners from 2010 to 2015.
The inaugural Chicago Prize will be awarded in spring 2020. It will support a community-led, investment-ready initiative that is managed by a team with deep community partnerships, sophisticated approaches to community development and resident engagement, and the expertise to leverage the grant, implement the initiative, and create positive impact for residents and within the community-at-large.
Organizations whose experience aligns with these guidelines are encouraged to visit ChicagoPrize.org to complete an assessment; this represents the first step toward registering to submit a proposal for the award. All organizations that plan to collaborate and form a Chicago Prize application team must register on the website by Tuesday, July 16, 2019 at 5 p.m. Central Time.
The Pritzker Traubert Foundation recognizes that addressing systemic poverty, economic exclusion, and inequity is complex and challenging, according to Cindy Moelis, PTF’s president.
“We are excited and ready to partner with community leaders and put our resources—passion, experience, and capital—to work toward helping more individuals and communities in Chicago thrive,” Moelis said. “We are seeking community plans that feature bold ideas about how changing a place can change residents’ lives. When teams apply, they will define their places, tell us how they plan to improve those places, and tell us what the impact will be on the community at-large.”
“We are very proud to call Chicago our home and are deeply committed to do all we can to help strengthen the economic future of more people across our great city,” said Penny Pritzker, PTF co-founder and director. “We believe good ideas need patient capital in order to be successful. Yet often, the funding that comes from the public and nonprofit sectors is not enough to fuel the innovative, bold ideas that we know are out there. The mission of the Chicago Prize is to deliver the flexible private capital needed to achieve the vision these communities have for themselves so they can help more families thrive.”
Teams that register by the July 16 deadline will have until August 13, 2019 at 5 p.m. Central Time to submit a full proposal. All proposals submitted to the Chicago Prize will be read by members of an evaluation panel and scored against four criteria: community-led collaboration, impact, feasibility, and leverage. Members of the evaluation panel are introduced on the website and include potential investors as well as finance, community development and social service professionals from both Chicago-based and national organizations (a complete list of the evaluation panel can be found at ChicagoPrize.org).
By late October, four finalists will be announced, and each will receive a $100,000 planning grant to help build out their plans. The four finalists will be asked to present their plans at a spring 2020 public event.
The Chicago Prize was developed by the Pritzker Traubert Foundation with counsel from Lever for Change, a new affiliate of the John D. and Catherine T. MacArthur Foundation, which will be managing the second round of MacArthur’s 100&Change, a global competition to solve a critical problem of our time. Other Chicago Prize advisors include BCG’s Center for Illinois’ Future and the Urban Institute.
About the Pritzker Traubert Foundation
Established in 2000 by Penny Pritzker and Bryan Traubert, the Pritzker Traubert Foundation has invested in people and programs that enrich the lives of Chicagoans and work to close the city’s opportunity gap. By working with innovative partners, the Foundation is focused on improving economic prosperity for low-income families in Chicago. Its resources are focused on three programmatic areas: investing in the future of Chicago’s communities; preparing for the future of work; and building the capacity of leaders and organizations focused on moving people from poverty.To Article
Juno4Me, A New Chicago Nonprofit, Connects Women with Birth Control
We’re proud to support the important work of Juno4Me.
Juno4Me founder Kai Tao calls the organization a social impact startup.
It works by connecting women to reputable health care providers who provide an IUD or birth control implant.
Tao, who has also worked as a nurse midwife for more than 16 years, found that many women didn’t know all of their birth control options, where to go to get counseling or care and, importantly, how to pay for it.To Article
New Investments Underway for City Colleges of Chicago
Mayor Rahm Emanuel joined… Pritzker Traubert Foundation [among others] to launch Apprenticeship 2020, a new program intended to increase the growth of apprenticeships in high-demand industries and occupations. The $3.2 million fund will support high-quality work-based learning programs in Chicago with a goal of facilitating the hiring of 1,000 apprentices by 2020. City Colleges of Chicago will receive $1.25 million to support the enrollment of 350 apprentices over the next two years.To Article
Why Penny Pritzker is Bullish on Apprenticeships
…Pritzker Traubert Foundation and other area organizations have launched Apprenticeship 2020, a $3.2 million effort to boost the education-employment positions here and, eventually, nationally.To Article
City Colleges’ Commitment to Work-Based Learning
City Colleges of Chicago Chancellor Juan Salgado spoke to a packed banquet hall of business and civic leaders during a City Club lunch Thursday, calling on executives to open their doors to work-based learning programs. “This city is the best when it makes big plans,” Salgado said. “I believe in workplace learning we have an opportunity to be the first, we have an opportunity to be the best.” His remarks set out his goal to put thousands of graduates into apprenticeships and internships and highlighted Penny’s leadership on this issue. View his speech below.To Video
Penny on Recode Decode Podcast
Penny was recently featured on the Recode Decode Podcast to discuss her call for transformation of the nation’s workforce training and education systems. Her conversation with Kara Swisher highlighted the interrelatedness of helping American workers prepare for the future of work, trade, and economic competitiveness.To Article
Pritzker Access Scholars In The News
Seniors Israel and Andrea and President Constance Brewer of the Noble Network of Charter Schools were recently featured on FOX32 to celebrate their graduation and selection as Pritzker Access Scholars. Seventy graduating seniors received this award, which covers college tuition costs for Noble DREAMers pursing four-year degrees. Hear their story below.To Video
Penny on Closing the Skills Gap
Our Trustee Penny Pritzker was on CNBC this week talking about the economic issue of our time – helping more Americans adapt, adjust and thrive in a period of seismic change. She spoke about the skills gap, building inclusive economic growth and the Council on Foreign Relations “The Work Ahead” report on workforce, education and training.To Video
The Work Ahead: Machines, Skills, and U.S. Leadership in the Twenty-First Century
The world is in the midst of a transformation in the nature of work, as smart machines, artificial intelligence, new technologies, and global competition remake how people do their jobs and pursue their careers. The Work Ahead: Machines, Skills, and U.S. Leadership in the Twenty-First Century, the report of a CFR-sponsored Independent Task Force, assesses the future of work and workers and the implications for the U.S. economy and national security.To Article