Invest In Urban Juncture To Rebuild a Historic Chicago Community
Urban Juncture is taking a historic Chicago community and is raising money on WeFunder to rebuild it into the vibrant hub of Black culture and commerce it once was. Recently, I caught up with Bernard Lloyd to learn more about the effort; here’s what he told me:
What is the social benefit you hope to achieve with or through your crowdfunding campaign?
We’re taking a historic Chicago community that’s been abandoned by banks and businesses and joining with friends, neighbors, and partners to rebuild it into the vibrant hub of Black culture and commerce it once was. We’re developing restaurants celebrating black cuisine from across the globe, launching a co-working facility to lift up the next generation of community enterprises, and operating award-winning garden and bicycling programs to attract visitors and bring residents together.
How much money are you hoping to raise and why? How much have you raised so far?
We are hoping to raise $25-100K. So far, we’ve raised about $12K from 21 investors.
We’re recapturing the Promise of Bronzeville – the notion of a community that reflects the rich culture and diversity of this historic neighborhood, that works for residents of long-standing as much as for urban professionals just moving in, and that provides a unique destination for visitors from near and far. To achieve this vision, we have to build unique, culture- and place-based enterprises, re-connect neighbors and expand economic opportunity in our neighborhood.
We raised $9 million to bring delicious Black cuisine from across the globe to 51st Street and the CTA Green Line station, the heart of Bronzeville.
We purchased and renovated 16,000 sq. ft of building space and acquired two other nearby properties.
Our first restaurant, The Bronzeville Jerk Shack, won “Best Jerk Chicken in Chicago” from RedEye.
We created award-winning community garden and bicycling initiatives that bring neighbors and guests together celebrate Bronzeville.
We engaged 1000 people per week in events and activities during the 2015 summer season.
Whom are you trying to help with your project and why?
We are working to revitalize the Bronzeville neighborhood of Chicago – see a video on our project at https://wefunder.com/urban.juncture.
Please describe your offering.
5% interest | 120 months
The promissory note pays 5% per year over 120 months. Personally guarantee by Bernard Loyd. The yield to maturity is 5%.
An open invitation to all of our (free) Bronzeville Bikes bike rides and Bronzeville Community Garden events, and inclusion on our newsletter distribution list
A free meal for two at Bronzeville Jerk Shack. Urban Juncture swag celebrating our projects and our community
A site tour for you and 3 guests with a member of the project leadership team A free coconut water to quench your thirst whenever you visit the Jerk Shack
A custom-designed Bronzeville Bikes bike ride (OR a Bronzeville Community Garden get-together) for up to 20 ending with dinner at the Jerk Shack Recognition (your name memorialized) in Bronzeville Incubator space
Lunch or dinner and private project tour with the founder for you and 3 guests Catered dinner for up to 50 in one of our wonderful spaces Membership on Urban Juncture advisory board
Check out the campaign:
Visit the website.
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