CHICAGO – Dozens of enterprise homeowners Thursday discovered the ‘dos’ and ‘don’ts’ on getting authorities contracts.

The ninth Annual Procurement Vendor Honest was held at Malcom X Faculty, and included 9 workshops on procurement-related subjects.

The subjects included sources for beginning a enterprise, procurement 101 and how you can turn into licensed.

Throughout her keynote deal with, Mayor Lori Lightfoot highlighted among the metropolis investments for start-up companies.

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“We put a $10 million fund accessible so we may help you over that entrance. You possibly can draw from that and use that to leverage banks to open up traces of credit score,” stated Lightfoot.

Lightfoot additionally highlighted a pilot program the place contractors are given 50 p.c of invoices upfront as an alternative of ready months for funds.

Town has additionally eradicated expiration dates for MWBE certification.