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You are at:Home - Small Business - Chicago launches new initiative to boost local economy | Trending news
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Chicago launches new initiative to boost local economy | Trending news

Chicago Vibe MagazineBy Chicago Vibe MagazineJanuary 9, 2024No Comments1 Min Read
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Chicago Launches New Initiative To Boost Local Economy | Trending
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Chicago's small businesses are getting a much-needed boost with the launch of a $2.7 million Small Storefront Revitalization Program.

Mayor Brandon Johnson and the Chicago Department of Business Affairs and Consumer Protection (BACP) announced that 15 community organizations have received grants through this initiative. These funds will uplift businesses and business corridors throughout the city.

The program's primary goal is to revitalize vacant storefronts and support small businesses in neighborhoods that have historically been underfunded. The selected organizations, known as “grantees,” will work with small business owners and landowners to transform empty spaces into busy commercial establishments, such as retail incubators, art galleries, and indoor farmers markets.

The Small Business Storefront Revitalization Program is designed to generate economic activity and job creation, benefiting not only the businesses themselves, but the surrounding communities as well.

Projects supported by the program will span a variety of commercial corridors, from Michigan Avenue to Pilsen, Humboldt Park, Uptown, and Chatham. Full program details can be found by visiting the BACP.

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