CHICAGO (CBS) — Twenty-seven Chicago businesses are getting a boost from the city — $10 million worth of grants from the neighborhood opportunity fund.
The grants range from $49,000 to $1.7 million.READ MORE: Woman Pistol-Whipped On CTA Blue Line Train In Bucktown
The money is going to companies on the South, West and Southwest sides.
More than 75% of the finalists are black, indigenous or people of color owned businesses.READ MORE: Woman Injured In Crash On DuSable Lake Shore Drive, Good Samaritans Help Her Escape Burning Car
“These grants are an unapologetic effort of the city to level the playing field by redistributing wealth generated at the center of our city to the South, the Southwest and the West sides,” said Planning and Development Commissioner Maurice Cox,
More than 760 businesses filled out a quiz to see if they could apply for a grant.MORE NEWS: Board President Toni Preckwinkle Marks 11,000 COVID Death In Cook County