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Chicago & Midwest  + South Side  + Finance  | 

Finalists Named for Opportunity Fund Grants

Chicago’s Department of Planning and Development announced 32 project finalists for $5.4 million in Neighborhood Opportunity Fund grants. Nearly 90% of the award finalists are minority-owned businesses, and half are located along commercial corridors being targeted through Mayor Lori Lightfoot’s INVEST South/West initiatives.

“All that we’ve witnessed and experienced over the past few months shows us that our neighborhoods need economic anchors now more than ever before,” Mayor Lightfoot said. “These grants will help ensure that the South, Southwest and West sides of the City have viable, sustainable businesses that grow and thrive long after the current health crisis ends.”

Valued at more than $12.6 million in total project costs, the selected rehabilitation and new construction projects were among 325 applicants to the Neighborhood Opportunity Fund during an application round this winter. Final grant amounts will be determined as projects are refined in the coming weeks and months.

Read more at Chicago.gov

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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
  • ◦Development
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