Mission & Need

CCV’s mission is to develop, manage and provide coordinated business assistance resources to the residents and business owners of the metropolitan Chicago area, focusing on traditionally under served and under developed neighborhoods by providing innovative growth capital and business solutions.

Our vision is to transform companies and communities. We believe that businesses are the foundation of a community and by helping to build businesses, we are helping to build active, resource-rich communities.

Based on our work, CCV has found businesses need a combination of business development services in addition to greater access to capital for the significant growth of their businesses. Access to such services has been historically limited in Chicago’s low and moderate income communities. Based on these findings, CCV has created a model of balance between consulting and financial services for companies to reach new levels of growth. Taking advantage of a balance of services increases the operating capacity of companies and therefore increases their ability to repay loans and manage debt. By also improving their access to capital, companies develop their ability to expand and hire more people, a majority of which will be local residents. In turn, these efforts strengthen existing commercial and retail corridors and bolster the surrounding community.

Support CCV's mission by donating or volunteering today.

Need - Low and Moderate Income Areas

Economic development is essential to developing and revitalizing Chicago’s disinvested communities. The unemployment rate in LMI areas of Chicago, where over 65% of city residents live, is 13.5%, yet the overall rate for Cook County is 7.5%, and across the state the unemployment rate is only 3.9%. Compounding the problem of joblessness in these areas, only 22 percent of inner city jobs are held by inner city residents. At the same time small businesses are the greatest source of net new employment in inner cities – comprising more than 99 percent of establishments and 80 percent of total employment. Fostering small business growth is therefore essential to decreasing unemployment rates and promoting economic growth in these areas.

Need - Women-Owned Businesses

In Chicago and its surrounding metropolitan area, women-owned businesses (WBEs) account for 27% of all businesses. While women-owned businesses are experiencing growth in terms of number, their employment and revenue statistics are far outpaced by their male-owned counterparts. WBEs account for only 4.5% of sales and 8.1% of employees. In 2003, WBEs nationwide received only 14.3% of SBA loan dollars and 4.2% of venture capital dollars. Over 65% of women business owners rely on their private resources to grow their businesses. 

Need - Minority-Owned Businesses

Minorities’ share of the U.S. population was 27% in 1997. During the same year, the share of businesses owned by minorities was 15.1%. Across the Chicago Metropolitan Area, minority-owned businesses (MBEs) account for 16% of all businesses, however, they experience a lower survival rate than non-minority owned businesses. Also, MBEs represent only 2.9% of all sales and employ only 4.8% of all employees in Chicago.

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