It's Cinco de Mayo, but unfortunately, the annual Little Village parade has been canceled. Celebrations, however, are happening in Chicago.

What led to the cancellation of the Cinco de Mayo parade

According to organizers, the Little Village parade was canceled due to deportation concerns.

While the primary concern is safety, the move will cost businesses and the community money.

Organizers say canceling this year's parade will cost the Chamber of Commerce about $1.5 million. 

Small businesses that depend on the crowds to eat and shop will also lose $5 to $6 million. Businesses in the community have already been losing money, some down 60% since the first of the year.

Guerrero Auto Repair has seen a decline in clientele. 

"We had a high clientele of Venezulans, Columbians, Cuban, different other races, Mexican as well. We've seen that amount of clientele decrease since the Trump administration," said Erika Cruz.

"I think it's more important to be safe right now than sorry," Hector Escobar of the Cermak Road Chamber of Commerce said. 

Organizers said they are planning for the event's return next year.

Where to celebrate Cinco de Mayo

Businesses in Pilsen and Little Village are still celebrating Cinco de Mayo with food and beverage specials, so there's still plenty of reason to go support local businesses. There are also plenty of other places to enjoy a fiesta in the rest of the city. 

In Fulton Market, Carnivale restaurant is celebrating by serving Latin-inspired dishes and cocktails starting at 5 p.m.

The MLK Skating and Bowling Center will host a skate and bowl fiesta from 5 to 8 p.m., during which walking tacos will be available for purchase.

Cruz Blanca and Leña Brava are celebrating the day with tacos, craft beer and live music on their shared Randolph Street patio.

In Bucktown, Marz Communtiy Brewing and Manchamanteles are kicking off patio season with a Cinco de Mayo launch of their new beer collaboration, Maiz Dorado, from 5 p.m. to 9 p.m. 

Cafe El Tapatio in Lakeview will have live mariachi music starting at 7 p.m. and festive vibes all day long. 

Cinco de Mayo celebrates Mexico's 1862 victory over France during the Battle of Puebla. However, the holiday is not Mexican Independence Day, which is scheduled for Sept. 16.