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A Plan To Invest in Our Neighborhoods and Small Businesses

This 10-point plan aims to support small businesses and startups in Chicago neighborhoods by making the city more friendly to them, increasing access to capital, decentralizing city operations, localizing supply chains through partnerships, expanding opportunities for minority-owned businesses, using Opportunity Zones, offering planning advice and support, growing apprenticeship programs, supporting regional economic integration, and eliminating vacant storefront tax benefits. The author hopes this initial plan and ongoing conversation can help economic development.

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Valerie F. Leonard
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87 views2 pages

A Plan To Invest in Our Neighborhoods and Small Businesses

This 10-point plan aims to support small businesses and startups in Chicago neighborhoods by making the city more friendly to them, increasing access to capital, decentralizing city operations, localizing supply chains through partnerships, expanding opportunities for minority-owned businesses, using Opportunity Zones, offering planning advice and support, growing apprenticeship programs, supporting regional economic integration, and eliminating vacant storefront tax benefits. The author hopes this initial plan and ongoing conversation can help economic development.

Uploaded by

Valerie F. Leonard
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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A Plan to Invest in

Our Neighborhoods and


Small Businesses
1. Make Chicago friendly to small businesses and startups

2. Increase access to capital for local businesses and startups

3. Decentralize city operations by relocating city agencies to our neighborhoods

4. Localize supply chains through community partnerships

5. Expand opportunities for minority, disabled and women-owned businesses, small


businesses and returning citizens

6. Use federal Opportunity Zones to drive development in distressed communities

7. Offer small businesses planning advice and technical support

8. Grow professional apprenticeship programs

9. Support the integration of the regional economy

10. Eliminate tax benefits that incentivize vacant storefronts

A final note: I hope that this initial plan can be an important part of moving our city in the right
direction and also that it can spark an ongoing conversation about economic development in
Chicago. Please send your thoughts and ideas to [email protected] and we will build
on this plan together.
2 | A PLAN TO INVEST IN OUR NEIGHBORHOODS AND SMALL BUSINESSES

lightfootforchicago.com

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