Rheaply’s Reuse Marketplace: Fostering a Green, Interconnected Chicago - Supported by the Chicagoland Climate Investment Alliance | World Business Chicago


Rheaply’s Reuse Marketplace: Fostering a Green, Interconnected Chicago – Supported by the Chicagoland Climate Investment Alliance

Sharing and selling surplus assets through the Rheaply Reuse Marketplace makes for a greener, more interconnected community!

Unlocking scalable technology solutions to address the growing urgency of climate change is key to a decarbonized economy. Regions, like Chicagoland, are ground zero for climate change, and the mission of the Chicagoland Climate Investment Alliance is to see our region thrive in the future as a global hub for climate tech.

The oft-asked question is ‘what can we do?’ and we’re here to share that Chicagoland businesses can contribute towards a circular economy through the Reuse Marketplace. Rheaply estimates an astounding “70% of all carbon emissions can be abated by transitioning to a circular economy.” The lifecycle of a product can be extended through this new model of product creation and consumption, without wasting time and resources on messy supply chain systems and disposal.

a diagram explaining the life of an asset from manufacturer to landfill
Image sourced from Rheaply

Software such as Reuse Marketplace, play an important role in creating even more interconnectedness across Chicago industries and verticals as businesses recapture local assets and integrate them into their pipelines. Businesses can seamlessly share or sell these items to fellow local businesses and nonprofits through a secure platform, diverting surplus from landfills.

a graphic outlining what is the circular economy
Image sourced from Rheaply


Why Chicagoland for clean tech and a green future?

The current market size for Chicagoland’s green economy is estimated by the World Business Chicago Research Center to generate over $18 billion in output in 2022 and has shown 180% growth in just six years (Chicagoland’s Green Future). There is also an undeniable talent pipeline, technology and innovation in Chicagoland to fuel the green economy forward.

a graphic with 6 facts on Chicago's green economy
A snapshot of Chicagoland’s green economy facts published by the Research Center at World Business Chicago, “Chicagoland’s Green Economy


The strong business case for amplifying climate tech innovation, and the rapidly impending need for a sustainable future are key reasons World Business Chicago and the Chicagoland Climate Investment Alliance enthusiastically support the Chicago Reuse Marketplace.
On December 7th, 2023, members of World Business Chicago business development team, Joanna Madigan and Alexandra Oleksiuk, celebrated the official announcement of the Reuse Marketplace at the, “Roarin for Reuse” launch event held at the iconic Field Museum.

“We were honored to attend and celebrate the dedication of the Rheaply team in their successful launch of the Chicago Reuse Marketplace,” said Joanna Madigan, Business Ecosystem Lead at World Business Chicago. “And connect with other members of Chicago’s sustainability focused ecosystem. Chicago is lucky to continue to be a place where visionary leaders like Garry Cooper, who are committed to adaptive solutions to today’s problems come to work on solutions together.”

Dinosaur skeleton on display with people networking in the background
Guests at the Roarin for Reuse announcement event at the Field Museum


Two major Chicago institutions have been using Rheaply to keep assets such as lab equipment, furniture and other supplies in production and out of landfills. Rheaply reports:

  • RUSH University Medical Center saw $353,000 recaptured, with over 1000 assets reused, and 71,300 lbs diverted from landfill.
  • The Shedd Aquarium diverted 256 lbs from landfill, recaptured CO2 emissions valued at $595, and avoided 606 kg of CO2 emissions.
screenshot of zoom with faces of four panelists
Panel of experts at the CivStart webinar


A week later on December 14th 2023, Kyle T. Schulz, Chief Growth Officer at World Business Chicago and head of the Chicagoland Climate Investment Alliance, joined as a panelist on the CivStart webinar on the critical role of cities play in sustainable action, with climate – champions:

  • Barbara Koenen, Founder and Executive Director of the Creative Chicago Reuse Exchange (CCRx)
  • Walter Willis, Solid Waste Agency of Lake County, Illinois
  • Stuart Vanden Heuvel, Sustainability Program Manager at Rheaply


“Garry Cooper, CEO of Rheaply, is an exemplary figure in the innovative landscape of Chicago, showcasing the city and region’s vibrant entrepreneurial spirit,” said Kyle T. Schulz, Chief Growth Officer, World Business Chicago. “By pioneering an online platform that promotes resource sharing and circular economy principles, Rheaply sets a crucial example for businesses worldwide, offering a sustainable path forward for conserving valuable resources and reducing waste on a global scale.”

The Chicagoland Climate Investment Alliance launched in October 2023 and was announced at the Chicago Venture Summit Future-of-Climate-Tech by World Business Chicago held at 167 Green, with the mission of supporting the commercialization of climate technologies & strengthening the region’s innovation ecosystem in order to address climate challenges.

a stage reading chicago venture summit future of climate tech with a photo of the audience side by side
The inaugural Chicago Venture Summit Future-of-Climate-Tech October 2023 with 800+ professionals


The Chicagoland Climate Investment Alliance aims to strengthen the region’s innovation ecosystem in order to address climate challenges through technology and innovation. The founding members are the State of Illinois, World Business Chicago, City of Chicago, Evergreen Climate Innovations, Invenergy, ComEd, Nicor Gas, P33 Chicago, People’s Power & Gas, LLC, and JLL.

Learn more about the Chicagoland Climate Innovation Alliance founders and coalition, how Rheaply’s sustainable initiative is supporting Chicago’s small businesses community, the research behind Chicagoland’s green economy, and the Future of Climate Tech: Innovator Vodcast series, below.


Resource List:
Chicagoland’s Green Future
The Future of Climate Tech: Innovator Vodcast Series
Rheaply’s Sustainable Initiative Media Kit
The Chicagoland Climate Innovation Alliance

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