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Benefit Chicago Makes $5M Investment in South and West Sides
Benefit Chicago made a $5-million investment in Self-Help Ventures Fund, a Community Development Financial Institution that is part of the broader Self-Help family of nonprofits. The fund will use Benefit Chicago’s investment to support entrepreneurs and nonprofit service providers across Chicago, particularly in neighborhoods on the South and West sides.
“With Benefit Chicago’s support, Self-Help Ventures Fund is bringing additional resources and opportunities to deserving Chicago communities,” said Self-Help’s CEO and co-founder, Martin Eakes. “The $5-million loan will undoubtedly contribute to the ongoing revitalization of these neighborhoods, and provide entrepreneurial opportunities and needed services for community residents.”
Self-Help was founded in 1980 to provide technical assistance to laid-off North Carolina mill workers interested in starting worker-owned businesses. The organization develops real estate that provides accessible and affordable spaces for nonprofit and community-based tenants, and it has also formed a public policy arm.
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