Imagine you have $10 million to build something vital in your community. Would you repurpose buildings, reimagine a park, build vibrant affordable housing, revitalize commercial corridors or advance another innovative idea? What would you create for your community?
Visit ChicagoPrize.org to learn more and register to apply by July 16, 2019.
We know that addressing systemic poverty, economic exclusion, and inequity is complex and challenging. We are ready to do our part by contributing our resources—passion, experience, and capital—through a process that is fair, open, and transparent to help enable more individuals and communities in Chicago to thrive.
We have launched the Chicago Prize to award $10 million to a single community-led initiative on the South and/or West Side of Chicago that uses physical development and revitalization to create and strengthen civic infrastructure. The winning initiative needs to demonstrate how it will catalyze economic opportunities and improve the well-being of residents. The most compelling applications will propose inspiring and impactful initiatives that:
- Build on and strengthen existing efforts led by area residents and local organizations
- Tailor activities to local market conditions, opportunities, and challenges
- Leverage local capacity, market forces, and funding from other sources
- Improve the physical assets in an area on Chicago’s South and/or West Side
- Activate spaces that create new opportunities for social interaction or economic activity
- Produce benefits for area residents and the local economy
Successful teams will be collaborative, led by community-based nonprofit organizations that assemble or include the right neighborhood partners and team members with the applicable development, financial and project management expertise needed to successfully implement a multi-million-dollar, comprehensive neighborhood initiative.
We will award $100,000 planning grants and provide technical assistance to four finalist teams to help each team further develop its initiative’s vision, feasibility, and potential impact. Finalists will be invited to present to an audience of stakeholders and potential investors. One finalist will be selected to receive the $10 million grant.
Learn more and register to apply by July 16, 2019 at ChicagoPrize.org.
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