Chicago’s Invest South/West project is underway in the Back of the Yards. A $58 million mixed-use development will include retail, a health clinic, brew pub and affordable housing. “We’re gonna help reinvigorate this corner of the neighborhood.”
owner Jesse Iñiguez said as he pointed to an old department store. “Golblatt’s had everything. The basement had stereos, toys. Multiple levels of furniture, clothing.”
Lack of job opportunity wasn’t always an issue. Immigrant families moved to Back of the Yards because of the jobs available in Chicago’s massive meat packing industry. But when the slaughterhouses closed, the jobs left, too.“We’re in the second level of poverty,” she said. “In our neighborhood, you don’t find jobs for $20 an hour. It’s always the bare minimum.”
Businesses that are part of the project must commit to signing a Community Benefits Agreement, a promise they’ll pay fair wages, hire locally and use sustainable practices, according to Iñiguez., believes it’s a matter of keeping that promise. “It’s important for us because being from Back of the Yards, I’ve lived here since I was 5 years old,” Santoyo said. “I do want to make this neighborhood better for everybody.”
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
10 things to do this weekend in San AntonioHighlights include back-to-back-to-back concerts by TobyMac, Maná and Depeche Mode
Leer más »
Marijuana-growing operation discovered at Jersey City apartment building just yards from a schoolA 26-year-old, Eyuemeyar Mazon, was arrested and charged with multiple marijuana offenses.
Leer más »
Bank Stocks to Invest in Near Cheapest-Ever Levels: Grantham's GMOJeremy Grantham's GMO says now is the time to jump into bank stocks as failures ravage the sector. Here are 2 banks it says are trading at valuations 90% cheaper than historical norms.
Leer más »
How to invest in 2023: 12 small cap stock picks to buy, JefferiesJEFFERIES: Buy these 12 underpriced, lower-risk stocks that are poised for a sharp rebound and long-term outperformance
Leer más »
Singapore's GIC to invest in Bain-owned Japanese HR software developerSingapore sovereign wealth fund GIC will invest in WHI Holdings (WHI) to jointly own its operating company Works Human Intelligence with private equity firm Bain Capital.
Leer más »
Yes, Investing Can Be for Anybody… Here's What You Need To Know To Get StartedIf living our best life is the destination, then we can consider finances our fuel for getting there. ft BankofAmerica mbgpartner
Leer más »