CHICAGO (WLS) -- Four projects aim to bring business and investment into communities of color.

One of them will get a $10 million prize.

A building on Cottage Grove Avenue and 43rd Street has seen better days.

But some want to make it part of a thriving Bronzeville business community.

It's among the spaces that the Cottage Grove Collective hopes to make ready for retailers and services.

A vacant lot at 1000 E. 43rd St. would be space for several businesses, under the Collective's plan.

"We need to remove the blight of vacant lots and buildings and replace them with retail spaces where people gather," said Rhonda McFarland, with the Cottage Grove Collective and Quad Communities Development Corporation.