The Lake Street Council (501c3) will utilize 100% of funds to help rebuild Lake Street, starting with direct support to small businesses and nonprofits to help them rebuild their storefronts, reopen their businesses and serve our neighborhoods.

In order to help disburse these funds, they have convened a WeLoveLakeStreet Fund Oversight Committee. They have been tasked with determining how the funds raised through their website will be used to support small business recovery. The committee, coordinated by the Lake Street Council, will make decisions about funding priorities, guidelines, and the application and review processes for business grants.

Many Lake Street businesses are owned by immigrants and people of color, and the Lake Street Council is committed to ensuring that their support is accessible to all businesses and has an equitable impact. As they work to allocate and distribute these funds, we will focus on helping the hardest-hit and most vulnerable businesses in the community, which disproportionately includes immigrant and POC-owned businesses.