By : BV Staff
At last weeks meeting on May 9, With Ald. Fioretti’s support, City Council passed an ordinance streamlining Chicago’s business licensing system, reducing the number of license types by 60 percent and cutting the number of license categories from 117 to 49. The measure aims to cut red tape for small business start-ups, spurring job growth and economic development.
At the current moment, many start-ups are being established here in Chicago in the consumer web technology space with most starting with little-to-no capital to launch their “amazing” ideas that may create the next Groupon.com. With such reforms, this will send a signal to most Founders of these newly established ventures that the city of Chicago is doing everything that it can do to help them survive as well as thrive here in Chicago. In 3 years, Groupon.com has hire over 3,500 employees at the companies Chicago headquarters located at 600 W. Chicago Avenue.
Just last year, Illinois Governor Pat Quinn on stage at the First Chicago Techweek conference signed Senate Bill 107 and House Bill 1876 establishing the second iteration of the TDA (Technology Development Account Program). With the addition of this new reform , Alderman Fioretti is signaling to all Alderman that his 2nd Ward is welcoming to founders of start-up here in Chicago as they establish job opportunities for the citizens of Chicago. .
Additionally, the ordinance will help aid enforcement efforts, by allowing inspectors to focus on businesses posing a risk to public safety, rather than on code violations that pose little risk to residents.