City of Chicago Launches 25 Million Vendor Impact Fund to Support Diverse Businesses
The City of Chicago has launched a $25 million Vendor Impact Fund aimed at enhancing the competitiveness of local, diverse vendors, particularly those certified as Minority-Owned, Women-Owned, Veteran-Owned, and Disabled-Owned businesses. This fund will provide priority access to federal loans, facilitating growth and support for small businesses in the city. Applications will be managed through Community Reinvestment Fund, USA, with assistance from Goldman Sachs' 10,000 Small Businesses program.