Sub Markets

Property Sectors

Topics

Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
Chicago & Midwest  + Downtown  + Finance  | 

Chicago Establishes $100M Small Business Resiliency Fund

Applications are now open for $100 million in low-interest loans through Chicago Small Business Resiliency Fund, the city’s unprecedented effort to support Chicago’s small businesses that are experiencing a temporary loss of revenue as a result of the coronavirus (COVID-19) outbreak. The initiative is funded through a combination of public and private sources, the latter including Clayco and Goldman Sachs’ Urban Investment Group.

“These unprecedented times call for unprecedented measures,” said Mayor Lori Lightfoot. “We know that our business owners and entrepreneurs don’t have the luxury to wait for federal support which is why with the Chicago Small Business Resiliency Fund, we are putting money directly into the hands of our small businesses now so that they can weather this storm.”

Through additional philanthropic dollars, the Lightfoot administration is working toward expanding the reach of this economic relief program.

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Connect With Small Business Resiliency Fund

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Economy
  • ◦Financing
New call-to-action