We will establish a series of Public-Private Partnerships funded by $1 Billion dollars of the City of Chicago’s existing $7.9 Billion Dollar Capital Improvement Program.
Business Development Grants
Rather than provide the customary tax break incentives to Fortune 100 companies in an attempt to convince them to relocate their headquarters in Chicago, we will focus on the assistance and development of local Chicago businesses. Consequently, we will establish a series of Public-Private Partnerships funded by $1 Billion dollars of the City of Chicago’s existing $7,9 Billion Dollar Capital Improvement Program. Specifically, over a period of four years, we will identify 1,000 small to medium sized Chicago based businesses, which are industry and geographically diverse, and provide each of them a $1 million dollar jobs creation grant. There shall be strict administration of this grant program. The disbursement of funds will be periodic and tied to the attainment of standardized benchmarks. Monitors will ensure strict compliance with all established guidelines.
Our goal is to help these reputable Chicago businesses grow; introduce their products, good and services into the national and global stream of commerce; increase production; and create 50 sustainable jobs.
Overall, this initiative will result in a total of 50,000 permanent private sector jobs.