Serving Cragin, Hermosa, Montclare, Humboldt Park & N. Austin |
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01/14/2021 - In This issue...New State, Federal Laws - Shuttered Venue, Restaurant Grants - Area Real Estate Developments - Second Round PPP Funding - SBIF Schedule - COD Open Bids, Virtual Assistance Center
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New Year, New Laws...
2021's new Federal and State of Illinois laws:
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From New IDs to Automatic College Savings Accounts, These New Laws Take Effect in 2021 - Click to read (Harmeet Kaur, CNN 1/4/2021).
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Seven New Laws Take Effect in Chicago for 2021. Here's a Look at What's Changing - Click to read (Shelby Bremer, NBC/Chicago 1/4/2021)
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High Road Kitchens Grant Program
High Road Kitchens Chicago will provide neighborhood restaurants with direct cash grants of $5K to $35K per restaurant. Participating restaurants must serve at least 500 free community meals, scale-up to One Fair Wage (full
minimum wage with tips on top) within five years, and
complete High Road's race and gender equity training program within
90 days of qualifying for the grant. Get full information HERE.
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Second Round of PPP Funding
Holds Improvements, Changes
The U.S. Small Business Administration (SBA) opened the second round of the Paycheck Protection Program (PPP), effective January 11. Businesses that did not receive a loan during the first round of the PPP are eligible to apply for a First Draw PPP Loan at participating Community Development Financial Institutions (CDFIs).
On Wednesday, January 13, businesses that received a PPP loan during the first round are eligible to apply for a Second Draw via a CDFI. Shortly after that, the PPP will open for applications through all participating lenders, including traditional banks.
PPP Funding for Small Businesses" - Neil Hare, AllBusiness 12/202
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Top
3401 W. Barry - site for CTA Power Station
Bottom
3520 W. Diversey - Coffee bar; vintage store
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The former Logan Square State & Savings Bank at 2551 N. Milwaukee Avenue could see new life as a cannabis dispensary. It’s one of several Logan Square and Avondale projects for review at an upcoming City’s Zoning Board of Appeals meeting. The others include proposals to open a coffee bar/vintage store on Diversey Avenue and construction of a CTA substation in Avondale.
Read "Logan Square Weed Dispensary Planned For Milwaukee Avenue Bank Goes Before Key City Pane"
Mina Bloom, Block Club Chicago - 1/12/2021
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Small Business Improvement Fund
The SBIF program is a successful, long-running City program that benefits nearly every Chicago neighborhood. Administered by non-for-profit Somercor and utilizing Local Tax Increment Financing (TIF) revenue, qualified applicants are reimbursed for preapproved repairs and upgrades on commercial properties.
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For a schedule of which SBIF Districts
are open for application and when...Click HERE
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Download NWCC's List of Annual Events,
Reserve Your Business & Shopping Guide
Click here to download a list of NWCC's Meetings, Promotions, and Events for 2021. If there's something your group or organization would like to collaborate with the Chamber on, call me.
The NW Connection Business & Shopping Guide is ready to distribute - To get your complimentary copy, Call me or email NWCC
Pete Schmugge, NWCC Executive Director
773-558-8743 - nwconnectioncc@gmail.com
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Shuttered Venue Operators Grant Program
Do you operate a live venue, live performing arts organization, movie house or cultural institution? Are you a theatrical producer, talent representative, venue promoter impacted by COVID-19?
Register for SBA’s webinar on Thursday, January 14, at 2 PM. for a preliminary overview of the Shuttered Venue Operators Grant program included in the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act. Eligible organizations with a reduction in revenue due to the COVID-19 pandemic will have the opportunity to receive up to a $10 million grant under the program.
Click here to register and learn who can apply, how potential organizations can prepare, and additional details re: eligibility and applications.
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COD Virtual Assistance Center,
One-on-One Business Assistance
2020 was a rough year. COVID-19 might come to closure, but the impact on small businesswill be with us longer. The College of DuPage can help via its Virtual Assistance Center with a series of webinars to put your business on a risk-minimizing platform. Its professional staff offers hands-group and one-on-one assistance at no cost to you.
Click here for webinar topics & schedule; access to resources
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Open Bids for Goods & Services - The Business Development Center at College of DuPage (COD) is accepting sealed bids and RFPs for goods and services. For listing of open bids and submission procedure, click here.
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NWCC's Commercial Real Estate Inventory
The NW Connection Chamber maintains an inventory of commercial and industrial properties for sale and lease. Agents, brokers, and owners are invited to send their listings for inclusion.
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up-to-date info' about programs, resources, events and
webinars. Click HERE to Check out our website
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The NW Connection Chamber of Commerce, a delegate agency of the City of Chicago Department of Business Affairs, is funded to provide assistance to the
Cragin, Hermosa, Humboldt Park, and North Austin Communities.
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