The Chicago Loop is the city’s downtown area and one of the largest business districts in the United States. This east side tract extends north from the Roosevelt thoroughfare, bounded on its other sides by Lake Michigan and the Chicago River. High-rises account for most residential living in the district.
The Loop is known for its architectural history, wealth of museums and cultural institutions, elevated train cars and, of course, for its contribution to the city’s famous skyline. Skyscrapers like the Willis Tower (née Sears Tower), John Hancock Center and Aon Center are all stops – or at least notable sights – on a visit to Chicago. Architecture greats such as William Le Baron Jenny, Louis H. Sullivan, and Daniel H. Burnham all left their mark on Chicago’s downtown.
For Chicago residents, the Loop marks the center of public transportation with the “L” trains converging to form a loop around the downtown area. Despite being home to fewer than 30,000 people, come 7am on a weekday the Loop is the busiest area in Chicago with the arrival of heavy commuter traffic. Chicago and suburban residents come downtown from all over the region to work, shop and dine.
Sources: Encyclopedia of Chicago, City of Chicago website, Chicago Traveler website, Wikipedia
Tess McKenzie knows firsthand the power of small business loans to create jobs and improve communities. In 2002, McKenzie launched her All About Kids day care facility and saw it grow to serve more than 60 children and employ eight people. In 2010, she added two more classrooms and created five more jobs.
For Corey Britt, the founder and owner of Fresh Start Day Care Center in Chicago, a partnership with Urban Partnership Bank is literally opening new doors for his business.
Two years ago, Urban Partnership Bank helped found the Financial Services Pipeline Initiative to increase “the representation of Latinos and African Americans, at all levels within Chicago’s financial industry”. On July 14th, over 200 interns and professionals from across Chicago’s financial industry filled a conference room at the Federal Reserve Bank of Chicago for the Initiative's third annual Summer Intern Career Conference.
Our goal is to provide the responsible financial products our customers and the under-banked need to create jobs, promote small businesses, support nonprofits and other opportunities that build better lives and vibrant neighborhoods.
- William Farrow
President and CEO, Urban Partnership Bank