Several non-profit and for-profit news organizations in Chicago were recently awarded over $500,000 in business grants to pursue new media ventures. The funding all came from the Community News Matters program - a project supported by several foundations that encourage the coverage of insightful local news.
86 proposals were submitted for funding. From that, just 12 recipients were selected. 5 were for-profit companies, and the other 7 were non-profit associations or universities.
Here's how the funds were allocated to the for-profit companies:
$35,000 went to Gapers Block Media LLC to boost neighborhood news coverage at GapersBlock.com.
$30,000 went to South Suburban Publishing LLC to train citizen journalists in Markham to cover news for SouthsNews.com.
$50,000 went to Chicago News Cooperative to provide enterprise coverage of the city of Chicago.
$35,000 went to Beachwood Media Co. to enhance technology and content to create a sustainable business model.
$35,000 went to Brad Flora to upgrade software used by WindyCitizen.com.
If you run a news organization in the Chicago area, you missed out - but stay tuned because there will likely be more grants coming next year. Visit www.cct.org/page10004548.cfm for more details.
If you are not in Chicago, check with your city and state to see if there are similar opportunities available in your area.