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Wintrust Business Minute: P33 says Chicago startups have trouble pulling in local capital
Steve Grzanich has the business news of the day with the Wintrust Business Minute. A new report says there are significant challenges accessing capital in Chicago’s tech ecosystem. A local nonprofit, P33, says early-stage startups are having trouble pulling in local capital, even though Chicago has the third-largest gross domestic product in the country. The analysis says Chicago’s exporting too much of its venture capital to other places. Only about 15% of early-stage capital involving a Chicago investor was invested locally from 2014 to 2023. In contrast, about 44% was invested by San Francisco investors into their own region. The report recommends creation of funds focused on keeping capital in Chicago to support local innovation. P33 was established in 2019 to foster the tech ecosystem in Chicago. One of its cofounders is Penny Pritzker.
Coalition calls for halting NDLSD redesign project
A coalition of organizations issued a strong statement today opposing the current plans for rebuilding North DuSable Lake Shore Drive (NDLSD) as proposed by the Illinois Department of Transportation (IDOT) and its project team. The coalition — comprised of organizations dedicated to sustainable transportation, regional planning, and environmental justice —...
Chicago Air Quality Alert: Smoke from Canadian Wildfires Arrives Wednesday Morning
Chicago, IL – Smoke from Canadian wildfires is expected to reach Chicago by Wednesday morning, bringing poor air quality and hazy skies to the city. The US National Weather Service warns that the smoke will affect visibility and pose health risks, particularly for vulnerable groups. According to the US...
Tucker Wetmore plots debut headling tour: “An absolute dream of mine”
Fast-rising country artist Tucker Wetmore has announced his headlining Waves on a Sunset Tour. The trek kicks off Oct. 4 in Statesboro, Georgia, and will hit Chattanooga, Grand Rapids, Little Rock, Knoxville and more before concluding in Chicago on Nov. 16. “GUYS I’M GOING ON MY FIRST HEADLINE TOUR!!” Tucker...
Goose Island Reveals 2024 Bourbon County Barrel-Aged Stout Lineup, Including 1st Proprietor’s Barleywine Ale
On Monday, the Chicago-based brewery Goose Island announced the 2024 lineup of its esteemed Goose Island Bourbon County barrel-aged stouts. The 2024 Goose Island Bourbon County lineup comprises five bottles:. 2024 Bourbon County Brand Original Stout. 2024 Bourbon County Brand Vanilla Rye Stout. 2024 Bourbon County Brand Macaroon Stout. 2024...
Oscar Meyer Wienermobile crashes; flips on its side on busy Chicago-area highway
Traffic was backed up and delays were expected after a Wienermobile crashed into a vehicle and flipped on its side around lunchtime Monday on a busy Chicago-area highway. At 11:12 a.m., an Oscar Meyer Weinermobile was traveling in the northbound lanes of Interstate 294 just before Roosevelt Road when the Wienermobile driver struck a Hyundai Sedan, also traveling north, Illinois State Police said.
Supervisor’s attempt at third-party arbitration in discipline case stymied by Chicago Police Board
The Chicago Police Board, with its future still clouded, has drawn a line in the sand. While most police board proceedings involving rank-and-file officers are frozen, that is not the case for Chicago Police Department supervisors. In a unanimous vote last week, the board denied an effort by CPD Sgt. Timothy Conlan to transfer his pending disciplinary case away from the board’s purview and ...
Foxtrot is reopening stores, but not on Southport Avenue
City liquor license applications reveal that new ownership plans to reopen four Foxtrot locations in Chicago. These locations are at 1722 W. Division Street in Wicker Park, 1562 N. Wells Street in Old Town, 23 W. Maple Street in Gold Coast, and 171 N. Green Street in Fulton Market. Ownership has informed Eater that more details on the reopening schedule will be available later this week. Earlier this year, Mike LaVitola announced plans to open around 15 stores, primarily in Chicago, with some in Austin, Texas. The former Southport location we have been told is not reopening as the landlord “wants nothing to do with them”.
“Oh, you were stopping me for driving while Black?” Illinois man in custody after police pursuit
WHITLEY COUNTY, Ind. (WFFT) — A Chicago, Ill. man has been arrested following a multi-county police pursuit on Sunday around 8:47 a.m. Jeffery L. Price, 44, fled from police in his Nissan Rogue through Allen and Whitley counties causing a high-speed pursuit from Indiana State Police, Fort Wayne police and Columbia City police.
Rainbow Summer’s light, sound will fill downtown this week
Last year, the Marcus Performing Arts Center’s Rainbow Summer took advantage of the Instagrammable society we find ourselves in these days by bringing a light-bending art installation to the event. Apparently, the translucent bubbles got a good response because something similar will be set up on the MPAC grounds as Rainbow Summer returns this week.
Angel Reese Receives New Nickname from WNBA All-Star Game Teammate After Viral Post
Chicago Sky rookie Angel Reese stole the show during the 2024 WNBA All-Star Game. The double-double record-setter scored 12 points and added 11 rebounds (5 of which were offensive boards) in Team WNBA's win over Team USA. Reese had a lot of wholesome moments with her Team WNBA teammates ...
Latter release video for debut single, “Callous”
Chicago-based noise rock duo Latter, made up of Jon Alvarado of Beach Bunny and Meredith Haines of MAIR, have released a video for their debut single “Callous”. The video was produced by Drip Dome Productions and was filmed at Lodge.LA in Los Angeles. Latter will be playing at the Fallen Log in Chicago on July 31 with Doubt, Greet Worm, Rest Assured, and Sarin. Check out the video below.
Man who carjacked Uber driver was convicted of carjacking 3 times as a juvenile, prosecutors say
CHICAGO — A man accused of pressing a gun to an Uber driver’s face during a carjacking earlier this month racked up five juvenile felony convictions, including three for carjacking, prosecutors said. Caleb Pettis, 18, 19-year-old Asia Andrewin, and two people who remain at large ordered an Uber...
Kenvue, Walgreens and MRF come together on sun safety initiative
Neutrogena, Walgreens and the Melanoma Research Foundation came together to provide information and resources, including free skin cancer screenings and education on effective products. Kenvue is advancing its commitment to educating adults and youth about the importance of practicing safe skin care and overall skin health. In coordination with Ultraviolet...
Man fatally shot inside Arlington Heights apartment building: Police
An autopsy is scheduled for a Chicago man who died after a shooting at Arlington Heights’ Arbor Lakes Apartment Complex. Police said the woman who called 9-1-1 said the man who had been shot inside had an order of protection against him.
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Families Look Back on Legacy, Tragedy of Port Chicago Military Disaster After Sailors Exonerated
CONCORD — One hour meant the difference between life and death for Morris Soublet Sr., a 22-year-old sailor assigned during World War II to load ammunition at Port Chicago, a remote naval base constructed between Martinez and Pittsburg in Contra Costa County. By returning to his Navy barracks earlier...
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