Business
Meet a group of Chicago food vendors who are now the owners of a shared kitchen after renting it for years. With it, they hope they can help their community achieve the American dream.
The site of the long-defunct hospital is poised to be transformed into a new Chicago neighborhood offering 4,800 homes, plus offices, research facilities and stores as part of a $4 billion redevelopment. “This has been a long time coming,” said Ald. Sophia King.
One of the show-stopping entries at this year’s event? The Ford F-150 Lightning. That truck and other electric cars that were on display have electric vehicle advocates eager to accelerate the shift from gas to electric.
The famed Chicago hot dog chain is adding an IPO to the menu. Crain’s Chicago Business reporter A.D. Quig has details on that story and more.
Shared rides were a key part of how the founders of Uber and Lyft envisioned disrupting transportation. Back in 2014, the companies raced each other to be first to announce their carpooling options. Then the pandemic hit, and the companies swiftly suspended their shared offerings.
U.S. Transportation Secretary Pete Buttigieg says he’s confident the Biden administration’s infrastructure bill will pass Congress, touting on Friday its bipartisan support and saying both the president and the public are impatient to see the deal finalized.
Eight miles north from the Loop, manufacturing buildings, Victorian homes and small businesses line Ravenswood’s streets. The community is neighbored by North Center and Lincoln Square, and there’s much disagreement over where the three neighborhoods’ borders end and begin.
Chicago generates more than 4 million tons of material waste annually. A new, highly anticipated report recommends a number of strategies aimed at keeping more of that trash out of landfills.
The Biden administration is beginning to distribute expanded child tax credit payments, giving parents on average $423 this month, with payments continuing through the end of the year.
Three lotteries have been set where successful applicants will win coveted licenses to collectively open another 185 cannabis dispensaries throughout Illinois.
The child tax credit had always been an empty gesture to millions of parents. That changes Thursday when the first payment of $1,000 hits bank accounts — and dollars start flowing to the pockets of more than 35 million families around the country.
More than 224,000 renters in the Chicago area said they aren’t confident they’ll be able to pay next month’s rent, according to a recent survey. With the state’s ban on evictions ending soon, organizations serving the homeless anticipate an uptick in the number of people who need help.
Prices for U.S. consumers jumped in June by the most in 13 years, evidence that a swift rebound in spending has run up against widespread supply shortages that have escalated the costs of many goods and services.
Uber and Lyft say they’ve added thousands of drivers in recent weeks to address long wait times and surge pricing. But many passengers are still unhappy and some are turning to taxis — an industry hit hard by the popularity of ride-share services and by COVID-19.
Virgin Galactic founder Richard Branson on Sunday became the first billionaire to ride his own rocket ship to space. But beyond being the ultimate joyride for billionaires, will commercial space travel take off as an industry accessible to the rest of us?
Long in need of repairs, the eight-story garage on Chestnut Street is being shut down for repairs. Crain’s Chicago Business reporter Danny Ecker has details on that story and more.