Minority-owned development firms have been in short supply in Chicago. New initiatives aim to change that.

Before the COVID-19 pandemic hit, downtown Chicago was in the midst of a building boom that local officials say was notable for what it didn’t include: minority-owned development firms. “There were 61 cranes in the sky, and each crane represented a project worth up to hundreds of millions of dollars,” said Leon Walker, managing partner of developer DL3 Realty. “It was a point of pride for the ...

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