South Chicago

Could a Bank's $20 Million Investment Add Up to Better Days for South Chicago?

Here’s hoping Fifth Third bank’s investment sparks a major rejuvenation of this long-struggling Chicago neighborhood.

By CST Editorial Board

The South Chicago community literally helped make Chicago.

For most of the 20th century, many of our city’s skyscrapers, expressways and bridges were built with steel that the neighborhood’s mills — namely the giant U.S. Steel South Works plant — churned out around the clock and by the freightload, providing thousands of good-paying jobs along the way.

'An Overwhelming Feeling': $20 Million Dollar Investment Coming To South Chicago Neighborhood

By Tim McNicholas

The Morning Insiders break news.

And it’s good news for a South Chicago neighborhood. It’s about to get a $20 million shot in the arm, thanks to an investment from Fifth Third Bank.

The bank will actually be pouring $180 million into nine neighborhoods across the nation. CBS 2 Morning Insider Tim McNicholas takes us to the South Side to see the very spots about to be spruced up.

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Fifth Third to Invest $20 Million to South Chicago through Neighborhood Investment Program

Press Release

CHICAGO, October 14, 2021 /3BL Media/ - Fifth Third Bank and Enterprise Community Partners today announced the establishment of a neighborhood program to support and revitalize the South Chicago neighborhood. The Neighborhood Investment Program will focus over three years on the Claretian Associates and cross-sector collaborations.

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