Using $20 million from the “human infrastructure fund” created with proceeds from the $1.15 billion deal that privatized Chicago parking meters, the city expects to serve as many as 10,500 unemployed professionals.
In exchange for a $450 weekly stipend, they will be put to work for 30 hours a week in six-month jobs that benefit Chicago residents — either in the city, the public schools or non-profits. They will also receive 18 hours of technology training each week needed to reinvent themselves in the high-tech world.
City to create 'Tech Corps' for laid-off professionals :: CHICAGO SUN-TIMES :: City Hall