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12/10/2020 - Kostner Development Moving Ahead - Third Party Deliveries Fee Cap - Resources to Help During COVID - Holiday Happenings - Open Bids for Goods & Services - IRS: How to Choose a Tax Preparer - Bill Gates Blog "Why Do We Believe Lies"
Development Project
On Kostner Moving Ahead

A significant real estate development, featured in the Business Times over a year ago (8/21/2019), is moving ahead. The Terminal, a complex of three warehouses formerly owned by Pyle National, is the most recent INVEST South/West project in Humboldt Park.

Project developer IBT Group, LLC, plans a
$50 million dollar build-out of the 250,000 square-foot space situated on 6.9 acres to transform it into an urban workspace campus for makers, creatives, and innovators. The project offers a creative loft office & active flex space, generous high-bay window lines on all
four sides of the buildings, and more than 2.5 acres of winding outdoor space creating
an engaging open-air campus.
Learn About IBT's Other Developments - Read the Mayor's Press Release
Michael Goldstein - (773)504-1200

Hard-to-find, inexpensive space in Chicagoland.
500' to 160,000 sf - Short & Long Term Leases
Click on addresses for details & interior photos.
For pdf of currently available space in all properties, click here.
City Passes Emergency Measure
Fee Cap On Third-Party Delivery Services - The City of Chicago passed a temporary emergency relief measure capping the fees third-party delivery companies can charge restaurants for their services. Click here for details.

ComEd's Bill Assistance program was introduced to help their small business customers who are struggling in challenging times. Click for info' sheet.

Peoples Gas business customers impacted by COVID-19 can get help from a list of federal and local resources. Click here to access list.

SBA's New Reduced 504 Loan Debenture Rates: The updated interest rates for the 504 Loan Program offered by Certified Development Companies (CDC), now allows for 10, 20, and 25-year interest rates at 2.231%, 2.364%, and 2.399%.
Click to view/download info' sheet

2020 Virtual Concessionaire Business & Vendor Expo: The Chicago Department of Aviation (CDA) is hosting the Expo on December 15th from 10 AM to 2 PM for local companies to learn about doing business with the CDA.
Click to register for this event.

Business Interruption Grant (BIG): the Illinois Department of Commerce & Economic Opportunity is still accepting applications for the 2nd round of BIG grants. For more information and to apply, click here.

From the Small Business Administration: Small businesses, nonprofit organization of any size, or a U.S. agricultural business with 500 or fewer employees that have suffered substantial economic injury as a result of the Coronavirus (COVID-19) pandemic, can still apply for the COVID-19 Economic Injury Disaster Loan. Learn more.
HOLIDAY HAPPENINGS - The Chicago Botanic Garden and Morton Arboretum Holiday Light Shows sold out the first week of December - but, we've found others; some are free, others require advance tickets. Check before leaving home.
Family Fun & Holiday Activities...
"Why Do We Believe Lies"...Bill Gates Blog

Excerpted "If you’ve followed the news this year, it probably won’t surprise you that I’ve become very curious about why people spread lies or believe things that are untrue. But beyond my personal connection, I’m super fascinated by the role that falsehoods have played in shaping human societies." Click here to access.
Choosing A Tax Preparer - Ten Tips from the IRS

Tax time will be here again before you know it. The COVID-19 tax relief, forgivable loan programs, and stimulus checks all have different and unique tax consequences. Choosing the right tax preparer is vital, and the IRS has compiled a list to help make that choice. Click here to download/view
Open Bids for Goods & Services - T
he Business Development Center at College of DuPage (COD) is accepting sealed bids and RFPs for goods and services. For listing and submission procedure, click here.

College of DuPage is committed to the economic development of disadvantaged business enterprises; Minority, Women, and Persons with Disabilities Owned Businesses are encouraged to participate.
Updated 12/09Ready to Buy, Sell or Lease? InBusiness/Chicago and the NW Connection Chamber of Commerce maintain inventories of commercial real estate for sale or lease.
Click here for IBC's - Click here for NWCC's
Agents and brokers: Click to send your listings.
This eNews is produced by InBusiness/Chicago and sponsored
by Chicago Property Investors. Visit InBiz's website here.
For late breaking news and info' between issues, check out