Chicago, IL (2021)

Skills for Chicagoland’s Future

Investment

NMTC Amount: 350,000

Total Project Cost: 350,000

IMPACT

1 FTE jobs

CDEs

Project Description

McCaffery Score Grants Award to Skills for Chicagolands Future. November 10, 2021, Chicago – Southside Community Optimal Redevelopment Enterprise, a community development entity supported by McCaffery Interests Inc., is pleased to announce that it has made a grant of $350,000 to Skills for Chicagoland’s Future through its nonprofit affiliate, the Joint-County Opportunity Benefit Support Fund. Awarded $50 million in New Markets Tax Credits from the U.S. Department of the Treasury’s Community Development Financial Institutes Fund in the 2020 distribution round, SCORE seeks to invest in operating businesses and community education and healthcare facilities within highly distressed, low-income areas that have experienced a loss of skilled employment, educational achievement, and adequate access to goods and services. Financed by SCORE’s NMTC activity, the JOBS Fund makes grants and loans to organizations focused on economic growth and job training within these areas.

Skills for Chicagoland’s Future is a nonprofit working to increase economic mobility of under and unemployed community members by connecting them to quality jobs through deep partnerships and understanding of the unique human capital needs of a network of engaged employers. Since Skills launched in September 2012, thousands of unemployed/underemployed job seekers have been placed at a growing list of employer partners. Skills also supports the efforts of corporations interested in locating operations and bringing jobs to Chicago’s underinvested neighborhoods.

“We are proud to support Skills for Chicagoland’s Future and help the organization grow its mission to create solutions for employers and provide economic opportunities for unemployed and underemployed individuals,” said McCaffery President, Ed Woodbury. “The grant will allow Skills to expand its footprint in the city to reach a greater number of people in need.”

MAP

191 North Upper Wacker Drive, Chicago, IL 60606

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