EY US spent eight weeks in consultation with the Task Force and the Civic Consulting Alliance, focusing on three primary objectives that would seek to establish a project management framework for the initiative: develop a governance structure, develop and facilitate clear strategies to achieve desired outcomes and pilot a weekly cadence that would become self-sufficient after the eight-week period.
A wide-ranging amount of data was compiled to illustrate the magnitude of the challenge Chicago faces in driving inclusive and equitable recovery. For instance, children growing up on the city’s South and West Sides earn less than $34,000 annually as adults. And, one in six Chicago residents require food security assistance, primarily in the same parts of the city, with more than 15 community areas facing a 35% to 58% rate of food insecurity, according to the Task Force.
INVEST South/West is a collaborative effort between city government, businesses, philanthropies and community leaders to support these parts of town. The initiative aligns more than $750 million in funding through 2022 to reactivate neighborhood cores that have historically served as focal points for activity and drive inclusive growth. We Will Chicago is a new citywide plan intended to serve as a framework to justify and guide future budgeting, policy and development decisions across Chicago.
“One of the most encouraging parts of the work happening in Chicago is the camaraderie among those who are working tirelessly to position the city for success,” says Jennifer Pitts, who lives in Chicago and serves as an EY US Strategy and Transactions Principal.
“Everyone had that common goal,” Pitts says. “Their interest was in doing what’s best for the city and developing a plan that gives Chicago the tools, the resources and the infrastructure it needs to recover in the best way possible.”