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§ 16-12-100 — Revolving loans and industrial revenue bonds

Municipal Code of Chicago (2026 S-74, current through Council Journal of June 17, 2026) · Municipal Code of Chicago § 16-12-100

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16-12-100 Revolving loans and industrial revenue bonds.

Businesses physically located in enterprise zones that qualify for revolving loans, industrial revenue bond loans and other preference programs offered by the city, shall be given preference by the city over similar qualifying businesses located outside an enterprise zone, in determining which business shall receive such loans or preference programs. Any loans or preference programs given to such qualifying business in an enterprise zone must be used for the development of that business within the zone or for the benefit of the enterprise zone. (Prior code § 201-10)