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ForeverCar closes $15 million financing round

Chicago-based ForeverCar on Tuesday announced the closing of a $15 million debt and equity financing round.

The company operates a web-based platform that sells vehicle service contracts to car owners in all 50 states whose vehicles are not covered by a manufacturer warranty.  In total, ForeverCar has raised more than $25 million in funding to date.

Liberty Mutual partners with ForeverCar to offer vehicle service contracts to its policyholders

Home and auto insurance services provider Liberty Mutual and Chicago-based ForeverCar recently announced a partnership to include vehicle service contracts as part of the suite of offerings Liberty Mutual offers to its policyholders.

Benefit Chicago announces $12 million in loans for six Chicago-area organizations

Benefit Chicago on Wednesday announced the recipients of its first round of loans, which total $12 million. The six organizations receiving loans are: AutonomyWorks, Chicago Neighborhood Initiatives (CNI), Garfield Produce Company, IFF, the Southwest Corridor Collaborative of LISC Chicago, and Sweet Beginnings, the for-profit subsidiary of the North Lawndale Employment Network.

So. Ill. Democratic County Chairmen’s Assoc. endorses Kennedy for governor

Illinois gubernatorial candidate Chris Kennedy on Wednesday announced he had received the endorsement of the Southern Illinois Democratic County Chairman’s Association. A press release from the campaign claimed it was the first major endorsement in the race for governor on the Democratic side.

Meister reappointed Illinois Finance Authority executive director

The Illinois Finance Authority board this week reappointed Chis Meister as the IFA’s executive director.

BGA panel addresses Laquan McDonald legacy

A year ago this week, the Chicago Police Department, under a court order, released a video that showed 17-year-old Laquan McDonald being shot 16 times by a Chicago police officer as the teen moved away. The images rocked the city. Since, officer Jason Van Dyke has been charged with murder, the Department of Justice opened a wide-ranging investigation, the agency that investigates police misconduct has been abolished and a steady drumbeat of protests have pushed the city to pursue a wide range of other reforms.

ForeverCar.com secures $10 million funding round, receives innovation award

ForeverCar.com, a company that operates an online marketplace that allows consumers to compare and purchase vehicle service protection plans, had a lot to celebrate Tuesday.

Lone Star state officials pursue Chicago business

Texas economic development officials have been in Chicago this week in an attempt to woo businesses to move to the Lone Star state, according to a news release.

New housing, retail developments coming to Woodlawn

Efforts to revitalize the South Side community of Woodlawn are getting a boost in the form of 34 new homes and a $28 million mixed-use development, Preservation of Affordable Housing Chicago announced on Friday.

POAH is an affordable housing nonprofit with offices in Chicago and Boston. The organization currently owns and operates about 9,000 affordable homes in nine states and the District of Columbia.

Tyson Foods, Chicago Urban League partner on hunger awareness program

A partnership announced Thursday between Tyson Foods, the Chicago Urban League and the Greater Chicago Food Depository will work to combat food insecurity, which presents a daily challenge to thousands of Chicagoans.

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