CITY OF CHICAGO SELECTED TO PARTICIPATE IN CITYSTART INITIATIVE FOCUSED ON EQUITABLE WEALTH-BUILDING STRATEGIES

Mayor Brandon Johnson, along with the Cities for Financial Empowerment Fund (CFE Fund) announced that the City of Chicago has been selected to participate in the CityStart initiative with a specific focus on racial wealth equity. The CityStart initiative works closely with local leaders to develop and implement proven strategies aimed at helping families and communities become more financially stable. Bloomberg Philanthropies’ Greenwood Initiative – whose mission is to accelerate the pace of wealth accumulation for Black individuals and families and address systemic underinvestment in Black communities in the U.S. – is advising the CFE Fund and municipal partners on the design and execution of the CityStart program utilizing a racial wealth equity lens.

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• May 1, 2024