Chicago provides a $100M relief fund fo Chicago
Chicago provides a $100M relief fund for coronavirus victims.
Chicago Mayor Lori E. Lightfoot declared a relief fund of $100M to support the people facing hardships due to coronavirus outbreak. She announced the relied package saying that it will help the SMEs to come over the temporary loss caused due to the threat of COVID-19. The mayor collaborated with the Catalyst Fund and other private sponsors to launch the new "Chicago Small Business Resiliency Loan Fund." The fund will be provided to the small-business and people deprived of necessary resources with low-interest loans.
The payment date business-related taxes have also been extended to April 30, 2020, looking at the scenario of recession amid coronavirus pandemic. Mayor called the small businesses the heart of the economy. She has taken this decision of relief package to prevent the situation of emergency and maintain the cash flow of small businesses.