Chicago, Illinois
". . . In a new examination of four Chicago community areas, the Washington D.C.-based Social Compact --a nonprofit coalition of corporate leaders pushing private investment in cities -- found significantly more population and more spending power than previous studies. . . The basis of the Social Compact's work is the belief that traditional evaluation tools used to measure the economic health of inner-city neighborhoods were flawed. It contends that many of those tools, such as statistical averaging across Zip codes and across three-mile rings from community centers, may work in homogeneous suburbs but fail in diverse city neighborhoods.
Cashing in, Study Says Neighborhoods are More Populous, Affluent Than Thought
Chicago Tribune, November 5, 2000
" . . . Other groups say that traditional data-gathering organizations, such as the U.S. Census Bureau, Claritas Inc. and Scan U.S., muddy figures because of their collection methods. 'The data is off, and the measuring is wrong,' asserts Mari Gallagher of Social Compact, a Washington, D.C.-based non-profit group that works to strengthen the economies of underserved neighborhoods."
Poor Areas Have Clout, Neighborhood Buying Power Comparable to Suburbs
Crain's Chicago Business, September 11, 2000
"The Emerging Neighborhood Markets Initiative is about creating a model that will measure the market strengths of redeveloping neighborhoods and identify strategic business partners; a model that can be applied and adapted locally to communities across the country. And the goal is to strengthen the micro-market building block: the neighborhood." Social Compact Makes an Impact on Chicago
Federal Reserve Bank of Chicago, Profitwise, Winter 1999
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