JUSTTHENEWS (The Center Square Staff) - Inspector finds 'dormant' $57 million fund in Chicago
The fund was set up 10 years ago to increase access to public and private investment capital for businesses and organizations in economically underserved areas.
AI:An inspection has uncovered a massive $57 million fund sitting dormant in Chicago, representing a decade of bureaucratic incompetence and administrative stagnation. Originally established ten years ago with the stated goal of increasing access to public and private investment capital for businesses and organizations in economically underserved areas, the money has instead vanished into a black hole without serving any actual economic purpose. This failure highlights a recurring pattern of taxpayer resources being wasted on grand social engineering projects that lack accountability and fail to deliver on their promises.Open