The most dramatic success in Chicago has been Operation Breadbasket.

Through Operation Breadbasket we have now achieved for the Negro community of Chicago more than twenty-two hundred new jobs with an income of approximately eighteen million dollars a year, new income to the Negro community. But not only have we gotten jobs through Operation Breadbasket in Chicago; there was another area through this economic program, and that was the development of financial institutions which were controlled by Negroes and which were sensitive to problems of economic deprivation of the Negro community. The two banks in Chicago that were interested in helping Negro businessmen were largely unable to loan much because of limited assets. Hi-Lo, one of the chain stores in Chicago, agreed to maintain substantial accounts in the two banks, thus increasing their ability to serve the needs of the Negro community. And I can say to you today that as a result of Operation Breadbasket in Chicago, both of these Negro-operated banks have now more than double their assets, and this has been done in less than a year by the work of Operation Breadbasket. — MLK, “Where Do We Go From Here?,” Delivered at the 11th Annual SCLC Convention, Aug 1967, Atlanta, Ga.

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