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CHICAGO (CBS) — Twenty-seven Chicago businesses are getting a boost from the city — $10 million worth of grants from the neighborhood opportunity fund.
The grants range from $49,000 to $1.7 million.
The money is going to companies on the South, West and Southwest sides.
More than 75% of the finalists are black, indigenous or people of color owned businesses.
“These grants are an unapologetic effort of the city to level the playing field by redistributing wealth generated at the center of our city to the South, the Southwest and the West sides,” said Planning and Development Commissioner Maurice Cox,
More than 760 businesses filled out a quiz to see if they could apply for a grant.
Source: CBS Chicago