Later he added: “We have now an initiative within the pipeline to make fairness investments in marginalized and underrepresented communities in Chicago. . . .Keep tuned for an announcement tomorrow for what we plan to do to offer fairness investments within the south and west sides of Chicago.”
No such announcement has arrived but right this moment, and the 2 backers of the brand new fund didn’t instantly have any extra remark.
Garcia instructed the trouble would transcend fairness investments to incorporate “enterprise loans for Black and Brown and low-income communities in Chicago and within the broader state of Illinois.”
Thompson, who left his submit on the fast-food large in 2015, has since been making his personal enterprise investments by Cleveland Avenue and fascinating in philanthropic efforts from his River West places of work. Final week, Cleveland Avenue stated individually it was searching for to boost $500 million for Thompson’s newest enterprise fund, after a profitable first fund that benefitted from profitable payoffs in firms like Los Angeles-based plant-based meat producer Past Meat.