Chicago Mayor Lori Lightfoot addressed city residents Tuesday in a speech aimed at contextualizing “events that have happened in recent days.”
The speech comes after several nights of looting and destruction across the city left businesses small and large in ruins.
“On top of these crucial reform measures, we need additional concrete solutions now to help our neighbors and businesses recover,” Lightfoot said.
That means funds for small businesses that have been hit hard recently, but that have always been neglected. So City of Chicago will continue working to isolate grant funds to support those businesses that have suffered most and need to recover.
That means immediately setting up a new fund for small businesses that have been hit hard recently, but that have always been neglected.
The City will dedicate at least $10M of funds to help support businesses that have been most harmed in recent days.
The funds will be provided city-wide, with an equity weighting that focuses on South and West sides.
It also means that Mayor Lightfoot will use every tool at her disposal to push insurance companies to do the right thing by their business customers.
The City are continuing to push and will soon have an announcement on insurance support for businesses.