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November 2024

GNCDC is bringing you the latest community and business updates!

Community Development Grants


Apply for a Community Development Grant


The City of Chicago helps support business and neighborhood vitality through Small, Medium and Large Community Development Grant (CDG) awards. CDGs use proceeds from the 2024 Housing and Development Bond and other funding sources to support a variety of eligible, business-related investments that create and maintain jobs and quality-of-life improvements for local residents.  

Applications are open to business owners, property owners, non-profit organizations, community developers and entrepreneurs. 

Funding Levels


Small: Up to $250,000

For office, retail, light industrial and mixed-use projects.

Deadline: 11:59 a.m. Friday, Nov. 8, 2024 

Learn more and apply


Medium: $300,001 to $5 million

For office, retail, cultural, industrial, institutional and mixed-use projects.

Deadline: 11:59 p.m. Friday, Feb. 14, 2025 

Learn more and apply


Large: $5 million and up

For office, retail, cultural, industrial, institutional and mixed-use projects.

Applications accepted on a rolling basis

Learn more and apply







SBIF Rollout Calendar


The Small Business Improvement Fund (SBIF) opens for grants each month in various TIF districts across Chicago.

Eligible businesses must submit their application during the month-long application window for their TIF district to qualify for funding.


Upcoming Rollout Dates


November 2024

OPENS: 9 a.m. Friday, Nov. 1

CLOSES: 5 p.m. Saturday, Nov. 30

Informational Webinar

1 p.m. Wednesday, Nov. 6 | Register


December 2024

OPENS: 9 a.m. Sunday, Dec. 1

CLOSES: 5 p.m. Monday, Dec. 30

Informational Webinar

1 p.m. Wednesday, Dec. 4 | Register



The application must be submitted to DPD’s program administrator, SomerCor. For additional program information or application assistance, visit the SomerCor website at www.somercor.com/sbif.


1637 N Lowell Ave

17,000 SF of Industrial Space Available in Chicago, IL 60639



Click Here






Commercial and Industrial Program

The Commercial and Industrial Program provides energy efficiency rebates, resources, expert support and project management for customers. No matter your type of operation, the program team can help your business reduce its energy use. Our team can identify energy-saving opportunities customized for your business.
There are many ways for you to save, including:

  • Free energy-saving products for qualifying customers
  • Custom and prescriptive project rebates
  • Energy studies
  • Expert support







Industrial Strategic Energy Management


By focusing on people and processes rather than just equipment upgrades,,ComEd's Strategic Energy Management (SEM) program motivates employees to consider behavioral and operational changes that lead to long-lasting energy savings without significant capital investments! The program includes a year-long series of workshops and coaching sessions focused on identifying and implementing operational and behavioral changes. Energy models are created for selected sites to monitor energy performance over the program year.

Energy Savings Through Engagement


SEM helps clients achieve energy savings by engaging the entire facility. The process is designed to:

  • Establish organizational commitment
  • Plan and implement energy efficiency best practices and projects, from no-cost opportunities to larger capital investments
  • Measure, monitor, and report on savings

In addition to the direct cost savings from reduced energy use, ComEd also offers various incentives for participating companies.



ComEd Energy Efficiency Program Incentives Click Here





5 Key Finance Lessons Every Small Business Must Learn

Certificate Categories

Finance Marketing Business Operations & Licensing

November 8th 2024

9:30 am to 11:00 am

Presented by Score Chicago

Join us for a concise and impactful presentation designed to empower business owners with key financial knowledge and tools. Gain insights into: Financial Planning and Budgeting: Create effective financial plans and optimize cash flow. Understanding Financial Statements: Interpret balance sheets, income statements, and cash flow statements. Accessing Capital: Explore funding options like loans and venture capital. Tax Planning and Compliance: Stay updated on tax regulations and strategies to minimize liabilities. Risk Management and Insurance: Identify financial risks and select appropriate insurance coverage.

Register


Managing a Virtual or Hybrid Work Force

Certificate Categories

Business Operations & Licensing Marketing Technology

November 15th 2024

9:30 am to 11:00 pm

Presented by Presented by the National Association of Women Business Owners (NAWBO) Chicago member Diane Yetter, President-YETTER Tax & Sales Tax Institute

Today many businesses operate in either a fully virtual or hybrid world. Is this a good thing for employees and employers? Come learn how to manage a virtual workforce – from how to successfully recruit remote workers, how to on-board them so they feel part of the team as well as how to provide feedback. We will also cover what should be incorporated into your work culture, environment and policies to create the type of business that is successful for all. Learn from a long-time business owner who has had at least one virtual employee for over 25 years and who went fully virtual in 2010 (yes long before we all had to!). She will share pros and cons of a virtual workforce as well as tips and ideas on how to set up your virtual workforce for success.

Register


Ways to Finance Your Business

Certificate Categories

Finance Business Operations & Licensing Technology

November 20th 2024

3:00 pm to 4:30 pm

Ways to Finance Your Business Presented by Chicago Department of Business Affairs and Consumer Protection and CIBC Bank USA

Whether you are a business owner or thinking about starting one; this webinar will teach the basics about bank financing. You will receive information about loans, lines of credit and other available resources that can help you on your entrepreneurial journey. Additionally, you will learn about the BACP Entrepreneur Certificate Program as a resource that makes you eligible to apply for CIBC Bank USA’s Entrepreneur Loan.

Register


Everything You Need To Know About Business Insurance

Certificate Categories

Business Operations & Licensing Legal Finance

November 22nd 2024

9:30 am to 11:00 pm

Presented by Sandra Cavoto Insurance Agency

In this session, attendees will learn the coverages needed for their business. We'll discuss the right questions to ask your insurance professional and how to protect yourself and your business against lawsuits.

Register




Please email BACPoutreach@cityofchicago.org with any webinar questions.

 

Visit BACP’s YouTube for all webinars.

Click on the link to find out what ward your business is in.


What ward am I in??

 Renew Your Dues/Join/Sponsor/Donate


Your donations are tax deductible! 

 

Without your support GNCDC would not have grown to be the great organization that it is today. It is through hard work and support from all the GNCDC members that we continue to make a difference and help grow our community. Membership dues help GNCDC provide the grants, events and programs that help members grow their businesses. Please pay your membership dues in a timely fashion. You can submit a payment online at your earliest convenience.

GNCDC would kindly like to remind all of our members - that without your support we would not exist. Renew, Join Sponsor, Donate today!

Greater Northwest Chicago Development Corporation...is a delegate agency of the City of Chicago Department of Planning & Development serving the Galewood/Armitage, Pulaski and Northwest Industrial Corridors. A 501(c)(3) nonprofit, the agency provides assistance and information about incentives and programs for building improvement and development, business retention and sustainability and workforce resources and training. 

Newsletter, November 2024


Visit us at GNCDC.org

4506 W. Fullerton Ave
Chicago, IL 60639
(773) 637-2416
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