GNCDC is bringing you the latest community and business updates! |
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Home and Business Protection Program
The City's Home and Business Protection Program (HBPP) provides rebates up to certain limits that cover the costs of outdoor security cameras, one year of cloud storage for video footage, outdoor motion sensor lighting, vehicle GPS trackers, and subscription costs. All Chicago residents, as well as business, religious, and non-profit organizations are encouraged to take advantage of the program. To participate, purchase an eligible device(s) on or after 6/6/2022, take a photo of the installed device(s), submit a completed application, and receive financial reimbursement. The program is first-come, first-serve. It will run through December 31, 2024, or until funds are depleted, whichever comes first.
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Belmont/Cicero SBIF Open August 1-31st
The City of Chicago’s Small Business Improvement Fund (SBIF) promotes economic development by providing small businesses with reimbursable grants for permanent building improvement costs. SBIF grants use local Tax Increment Financing (TIF) revenue to reimburse you for the pre-approved repair or rehab of your business facilities or adjacent land acquisition. SomerCor is the program administrator contracted by the Chicago Department of Planning and Development.
ELIGIBLE expenses for a SBIF grant are permanent building improvement costs associated with commercial and industrial properties, including, but not limited to:
- Mechanical/heating, ventilation, and air conditioning (“HVAC”), electrical, and plumbing
- Tuck pointing and masonry repairs; façade repair/improvement projects
- Storefront renovations (new storefront frames, windows, and doors; exterior accent lighting affixed to the building)
- Roof repair and replacement
- Interior remodeling and renovation that is significant in nature. (that is, it is done in connection with a larger project that involves HVAC, electrical, or plumbing improvements): framing, drywall, interior doors, restroom renovations, flooring, ceilings (expenses related to a standalone cosmetic upgrade project such as new painting and new flooring not done in connection with other significant work are not eligible; “high-end”/custom fixture and/or finish expenses are not eligible)
- Improvements to accommodate disabled patrons or workers
- Rehabilitation of vacant buildings. Please note that SBIF grants will not paid until the improved property is occupied by an eligible small business tenant or tenants
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Purchase of adjacent property for purposes of business expansion or parking. The applicant must operate an eligible small business and own the directly adjacent property on which the eligible business operates
- Structural components of new signage (business-specific parts of signage are not eligible); sign removal
- Certain landscaping improvements to the public way (exterior private property landscaping is not eligible)
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Property for Sale
1900 N Austin Ave
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700,000 SF of Space Available
- This a rare large vacancy for the North Chicago Industrial submarket
- Both O'Hare International Airport and The Loop are around 10 miles away, and I-90/I-94 or I-290 are reachable within 20 minutes
- $40,000,000 ($57.14 / SF)
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Chicago Recovery Grant
The City of Chicago and Mayor Lori E. Lightfoot are committed to strengthening local business corridors and enhancing neighborhood vitality. Throughout 2021, the Department of Planning and Development (DPD) has supported a diverse set of projects that brought more than $500 million in development investment to Chicago’s neighborhoods. DPD is now accepting applications for grant funding to support local commercial, mixed-use, and light manufacturing development. All are welcome to apply. City staff will prioritize projects in areas of Chicago where there is a history of disinvestment or limited private investment.
Eligibility
- Grant funding can be used for pre-development, construction, or renovation costs for permanent capital improvement projects.
- Open to community developers, business owners and entrepreneurs, and property owners. Site control is preferred, but not required.
- Residential-only development is not eligible, but mixed-use projects are eligible. Further funding opportunities for residential projects are expected to be announced in Q1 2022.
- Priority will be given to catalytic projects with a strong local impact, that are able to leverage local talents, capacities, and institutions to strengthen and contribute to the community.
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Applicants from all areas of Chicago are eligible to apply. Priority will be given for projects in historically disinvested areas as well as projects that build upon existing efforts, such as Mayor Lightfoot’s INVEST South/West initiative and community safety initiatives.
- Priority will be given to projects that demonstrate momentum and are expected to break ground in 2022.
- The City expects awards to be capped at $5 million, though larger, catalytic projects may be considered.
Applications will be accepted on a rolling basis. The deadline for this year’s final round is August 19, 2022. Applicants who are not prepared to apply this round are encouraged to review all relevant materials and prepare to apply for a potential future round in 2023.
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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.
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Wednesday, 7/27 Webinar at 3:00 PM
SBA 101: Resources past Recovery
Presented by The Small Business Administration (SBA)
As your business pivots from PPP/EIDL Loans, learn more about SBA's 3 main initiatives, other non-disaster related funding programs and no-cost resources to help your business grow and expand.
Friday, 7/29 Webinar at 9:30 AM
Nuts and Bolts of Business Planning and Financial Readiness for Start-ups
Presented by Tasha Brown, Midwest Director of Small Business Majority
Are you located in the City of Chicago and looking to start-up a business or turn your side hustle into a side business? Register today and learn the nuts and bolts of starting a sustainable small business that is prepared to weather economic changes. During this online session, Small Business Majority is partnering with the City of Chicago, Business Affairs and Consumer Protection Department and will present on how to approach business planning from a financial readiness lens.
Wednesday, 8/3 Webinar at 3:00 PM
City Inspections - Ask Questions, Get Answers
Presented by the City of Chicago
The Chicago Department of Business Affairs & Consumer Protection, Department of Public Health, and the Department of Buildings will provide insight on how operate a compliant business in the City of Chicago. Topics covered will include how to prepare for inspections, building permits and sign display requirements, food inspection overview and necessary certificates, and zoning review procedures. Learn how to operate safely and avoid common setbacks.
Wednesday, 8/10 Webinar at 3:00 PM
How We Did It: Raising Capital for Your Business
Presented by Score Chicago
(Part of a Score Chicago Funding Webinar Series)
In this webinar, you will learn how two Chicago entrepreneurs, former SCORE Chicago clients, and founders of Tiesta Tea Dan Klein and Patrick Tannous raised 4 rounds of financing totaling over $8 million. Tiesta Tea has also used many different methods of funding including friends/family, factoring, purchase order (PO) financing, SBA loans, Angel Investors, and VC funding. Dan and Patrick will share their experiences raising capital during the different growth stages of their business.
Tiesta Tea is a company that used SCORE Chicago to get started in 2010. Dan and Patrick know firsthand how important mentorship is for aspiring entrepreneurs and established businesses seeking mentoring from SCORE to accelerate the growth and success of their businesses. The founders Dan Klein and Patrick Tannous started with nothing, but an idea to sell tea, and fast forward 10 years, they have sold over $54MM of their product. They sell their products in thousands of retail stores, including Walmart, Jewel, Mariano’s, Amazon, Costco and many more.
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Click on the link to find out what ward your business is in.
What ward am I in??
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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!
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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. |
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Newsletter July, 2022
Visit us at GNCDC.org
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4506 W. Fullerton Ave
Chicago, IL 60639
(773) 637-2416
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