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City Launches Latest Round of Opportunity Fund Grants
The latest round of Neighborhood Opportunity Fund (NOF) grants through the Chicago Department of Planning and Development (DPD) comes with some enhancements to the business development program, targeted to the city’s South and West Sides. These include allowing up to 100% grant matching, and more direct assistance for local business owners and entrepreneurs.
The Lightfoot administration said the availability of $10 million in new NOF funds will further the city’s INVEST South/West community redevelopment initiative, which leverages $750 million in public funds over the next three years to spur economic growth in targeted areas of the city.
“As the city launches the first round of applications in 2020 for the Neighborhood Opportunity Fund, we are maximizing the availability to local funds and easing access to capital, which will help businesses get to work more quickly,” said Mayor Lori Lightfoot.
NOF applications for this round will be accepted through Feb. 29.
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- ◦Economy
- ◦Financing
- ◦Development
