The Chicago City Wire reports that Dexter Reed, the felon killed after he shot at Chicago Police last month, was the recipient of a $20,832 federal “Paycheck Protection Program” loan.
According to data from the U.S. Small Business Administration, Reed took out the PPP loan for what he categorized as a “transportation” business.
Analysis by the Chicago City Wire found that 6,282 residents of West Garfield Park had received loans totalling more than $120 million in 2021, averaging more than $19,000 each.
Chicago Police records show that Reed was arrested in April of 2023 and charged with retail theft from a Zara clothing store.
He was arrested again in July of 2023 and charged with felony aggravated unlawful use of a weapon.
Reed was pulled over by Chicago Police on March 21, 2024 in Humboldt Park. He was killed by return fire after he opened fire on police, wounding one officer.