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Rahm: 26th Street Is "Second Magnificent Mile"

By Chuck Sudo in News on Mar 16, 2012 10:00PM

Photo Credit: Marshall Rosenthal

Yesterday, Mayor Rahm Emanuel announced a plan to help foster small business development in Chicago's immigrant communities. The New Americans Small Business Series will be funded by a $30,000 grant from Western Union, and administered by the city’s Office of New Americans and Department of Business Affairs and Consumer Protection, will establish temporary one-stop locations in community settings for small business owners to get the information they need to set up a small business, including understanding the licensing process, complying with tax laws, interacting with chambers of commerce, and more.

Emanuel made the announcement at Mi Tierra restaurant in Little Village, which he said generates more tax revenue for Chicago than any district outside the Magnificent Mile.

“I keep hoping — I don’t know if anybody’s listening — that we would market it as Two Magnificent Mile because people from around the region come here to do their shopping for the goods they cannot get [elsewhere]. It reminds them of their … country of origin and they can only get it here. This is the lifeblood of the city.”