chicago business news

The $100,000-to-$500,000 opportunities outlined in the announcement are working-capital loans, not grants. Specific interest rates, repayment schedules and an overall funding total for the partnership were not provided in the announcement or interview. #sda #steansfamilyfoundation #southlanddevelopmentauthority

It cited limited access to capital, lengthy permitting processes and other bureaucratic barriers as obstacles that prevent businesses from surviving or expanding. #alexigiannoulias #chicago

In a statement, Bally’s Corporation Senior Vice President for Corporate Development Christopher Jewett said the expansion of video gambling terminals represents a significant threat to the city’s long-term financial interests and violates commitments made under the company’s host community agreement with Chicago. #bally's #council #expansion

Craig Katz, president of the Illinois Healthy Alternatives Association, said the mayor’s decision reflects support for entrepreneurship and economic equity. #ordinance #hemp #chicago

First Independence Bank will immediately operate the Chicago location as a branch of its own bank, with no expected disruption to customer access to accounts or services. #bank #chicago