Monday, July 18, 2011

NBC Chicago: Emanuel to Use Grant from Bloomberg for Entrepreneurs

Could this money be indirectly beneficial to our neighborhood entrepreneurs?
No New York hating here: Mayor Rahm Emanuel is getting $6 million from the private foundation of New York Mayor Michael Bloomberg, and part of it will be used to help entrepreneurs.

Emanuel plans to use the money to cut the amount of time aspiring entrepreneurs wait in line to start a new business, get a permit or obtain a new license. He’s expected to match the grant with $1 million a year from private partners. The mayor said he’ll approach local entrepreneurs to raise the money. No word on names of those entrepreneurs.

He also hopes the cash will help him deliver on a campaign promise to create targeted zones throughout the city that reduce energy use.

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