A new plan has been launched by Andrea Zopp (Chicago’s Chief Neighborhood Development Officer and Deputy Mayor) to help 50 entrepreneurs open businesses in the city’s “thrive zones.” These areas – primarily on the south and west sides – are being primed for a boost of retail energy, with the hoping of expanding the downtown area’s economic growth to other areas.
The areas – Austin, Back of the Yards, Bronzeville, Chatham, Englewood, South Shore, West Humboldt Park and West Pullman – have historically encountered substantial commercial action, which has been stunted in recent years.
The monetary assistance is intended to help local firms engage in business expansion, renovation, and more, ultimately leading to an increase in retail activity and additional job creation. Businesses involved in this include: beauty supply stores, fashion stores, grocery stores, etc. that already have a presence in the area.