CategoriesIHCC News

The 2020 cohort of Neighborhood Opportunity Fund awardees was announced June 30th, with 32 South and West side businesses receiving a total of $5.4 million in funding.

The grants range from $37,000 to $250,000 and will allow businesses to do rehabilitation and construction projects. Awardees include:

A full list of awardees is available on the fund’s website.

The businesses must put finishing touches on their project plans and finalize costs before receiving the funds.

In addition to the grants, the city offers assistance to businesses in contracting, permitting, financing and other needs that arise as the construction projects progress.

The Neighborhood Opportunity Fund is intended to spur investment in historically neglected neighborhoods. It’s funded by zoning fees from dense Downtown developments.

The Illinois Hispanic Chamber of Commerce (IHCC) applauds and celebrates this initiative.


Mayor Lori Lightfoot has remade the program, founded under Rahm Emanuel in 2016, into a driving force behind the Invest South/West initiative.

The application period ended in February and was the first overseen by Lightfoot. More than 325 businesses applied for funding.


Read more: NOF Grantee Moreno’s Liquors Family Opens Osito’s Tap Speakeasy, First New Little Village Bar In Decades

Add to cart