Community Wealth Building: The Chicago Way
Community Wealth Building (CWB) promotes community ownership and democratic community control of local businesses, housing, land, and commercial corridors. In contrast to traditional economic development, CWB places power and resources into the hands of the community.
In November 2021, the City of Chicago made a historic $15 million commitment to invest in Community Wealth Building. While other cities have adopted CWB strategies, Chicago’s approach prioritizes strengthening and deepening the local cooperative ecosystem essential for generating real community wealth. Watch the video to learn more.