Businesses have to wait for emergency loans from City of Chicago – Crain’s

Chicago’s biggest coronavirus relief program has paid out only a fraction of its goal. The program was intended to provide short-term relief to businesses in need of immediate cash infusions. At the time, according to city officials, the average small business in Chicago had just 28 days’ worth of cash on hand, and some in areas such as Englewood had as few as five.

But five months and more than 10,000 applications later, only about $17 million has made its way to 625 small-business owners, program records show. Recipients include restaurants, bars and breweries, day care centers and auto

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Layoffs hit World Business Chicago – Chicago Sun-Times

World Business Chicago, the public-private agency that promotes regional job growth, is facing the same funding pressures as other organizations and businesses and has laid off some staff, its president and CEO said Friday. The group has laid off five people and eliminated four open positions, leaving it with a staff of 30.

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