Kellogg School and Urban League announce Olympic study findings
Partners also launch historic joint venture to create Entrepreneurship Center
7/6/2007 - Chicago’s African-American business owners, workers and community could gain significant economic benefits from the 2016 Summer Olympic Games if the City of Chicago and the Chicago Olympic Committee establish policies and procedures now that guarantee full inclusion.
This finding, the result of an eight-week study conducted by the Kellogg School of Management and Chicago Urban League, was announced at a June 28 press conference in Wieboldt Hall on the Kellogg School’s Chicago campus. In addition, recommendations on how the African-American community can best leverage economic opportunities should Chicago win the Olympic bid were outlined.
Representatives from the Kellogg School, the Chicago Urban League and BP America Inc. also officially opened the Entrepreneurship Center, an historic joint venture that will take a comprehensive approach to growing companies in service, retail, franchise and construction businesses, which constitute more than 50 percent of African-American-owned businesses. The Kellogg School is leading the center’s academic and research component, while BP America is providing funding for the endeavor.
“The Kellogg School is elated to partner with the Chicago Urban League on the development of ‘High Growth’ African-American entrepreneurs,” said Steven Rogers, the Gordon and Llura Gund Family Professor of Entrepreneurship and director of the Kellogg School’s Larry and Carol Levy Institute for Entrepreneurial Practice. “Our success in this endeavor will benefit the City of Chicago and the entire country, as thriving entrepreneurs create jobs, a stronger economy and healthier communities.”
The Chicago Urban League’s Cheryle Jackson (NU ’88) originally approached Rogers about this initiative when she became executive director of the chapter. She stated that the organization’s partnership with Kellogg has been essential, and praised Professor Rogers for his passion and personal dedication to the growth of minority businesses.