In Chicago, Urban Partnership is working to create job opportunities in low-income communities so that the money can stay vested in the areas where it is needed most. NextCity reports that this effort is having an impact on gang violence in the city. Jobs in low-income neighborhoods create opportunities for youth employment. As Darrell Hubbard, chief banking officer at Urban Partnership shares, "Believe it or not, gang-banging is not as lucrative as it used to be in the old days. A lot of the young gang members have said, ‘If I had the ability to have a job that paid me $20,000-$30,000, I would have an option, I would consider getting out of the game.’”
As a CDFI, loan officers from Urban Partnership are on the ground working directly in the community to help prospective small business owners and borrowers on the way to loans that can have a resounding impact on their neighborhood.
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