Chicago CRED is a social impact organization with a mission to achieve transformational reduction in Chicago’s gun violence. Founded in 2016 by Emerson Collective, led by Laurene Powell Jobs, and Arne Duncan, former U.S. Education Secretary and Chicago Public Schools CEO, the organization aims to address the issue of gun violence by offering opportunities for men most likely to be involved in such acts.
Chicago CRED believes that the key to ending gun violence lies in providing alternative opportunities to individuals at risk. By recruiting those most likely to be perpetrators or victims of shootings, and transitioning them to jobs within the legal economy, Chicago CRED seeks to provide sustainable incomes that match or exceed what individuals earn through illegal means.
As a startup focused on creating a real economic destiny for the community, their approach not only addresses the immediate issue of violence but also provides a long-term solution by tackling the root causes of the problem.
While details about the last investment and investors are currently unavailable, Chicago CRED's commitment to tackling one of America's most pressing social issues makes it a significant player in the social impact space.