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Revitalizing Bronzeville: growing resilient Black small businesses

August 28, 2024 | Customers, Financial inclusion

Since the 1920s, Chicago’s historic Bronzeville neighborhood has been a hub of Black culture and commerce. Today, revitalization efforts are creating opportunities for entrepreneurs and championing economic growth.  

Renowned for residents’ contributions to art, music and business, Bronzeville is experiencing a revival fueled by organizations like the Chicago Urban League. Community leaders and businesses including Bronzeville Winery and Greenwood Inc. are working to infuse new energy and investment into the area. 

At BMO, we recognize the importance of investing in the communities we serve to build a more equitable society. Through BMO EMpower 2.0, our five-year community benefits plan, we’re providing support through financial solutions, community-driven investments and partnerships to fulfill our Purpose to Boldly Grow the Good in business and life.  

BMO’s long-time partner, the Chicago Urban League, has been instrumental in creating new pathways to opportunity by delivering programs supporting entrepreneurship, workforce development, youth services, housing and more. Karen Freeman-Wilson, President and CEO, explains how this work meets the needs of today:

“My hope is that we will see Bronzeville continue to play a historic role in businesses, in home ownership, and in thriving in the Black community.” 

– Karen Freeman-Wilson
President and CEO, Chicago Urban League

Eric Williams, BMO client and co-owner of Bronzeville Winery, understands Bronzeville’s vibrant history and is proud that his restaurant has become a place for community. Get a closer look at Eric’s vision:

Deshaun Thompson owns Greenwood Inc., a general contracting company specializing in residential and commercial projects. As a Bronzeville resident, Deshaun is committed to preserving its historical charm while advancing its physical restoration. Learn more about how Greenwood Inc. is shaping Bronzeville: 

As we reflect on National Black Business Month, we celebrate the strides made in Bronzeville as we foster the momentum that’s being fueled by entrepreneurship, culture and community.  

Read more stories about financial inclusion for our clients.

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