Thanks for plugging into the May 6th issue
of the NORTHWEST SIDE BUSINESS NEWS
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Local Company Shifts Production to PPE - IRS CARES Act Credit - Shrinking Office Footprints - City, U of Chicago Survey Could Net You $500 - Short Changing Illinois: Are You Guilty? - Lawndale Mixed-Use Development - Remote Working Surveys
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Battling COVID-2019
Petra & Holum Switches
Production Capabilities to PPE
A little over a month ago
, presentation packaging custom manufacturer Petra & Holum repurposed its manufacturing capabilities and converted its sewing and assembly of custom and specialized packaging to make PPEs.
Norman Hoffberg, co-President
of Petra & Holum, said: "We're proud we were able to focus the special skills our employees possess to provide the product in a short amount of time." The company designed a range of sewn face masks and assembled face shields and started production in just seven days. The PPEs are distributed to hospitals and police departments in the Midwest, including the University of Chicago Hospitals and the Chicago Police Department.
Petra, founded in 1933, is one of the oldest, most respected
designers and manufacturers of customized screen printing, presentation binders, sewn and turned edge products, promotional, and POP/POS signage. In 2018 they merged with Holum & Sons to become Petra & Holum.
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Shrinking Footprints
CoreNet
conducted a one-week survey
in April 2020 of its 11,000 members, most of whom are real estate executives. Their results? - 69% believe working from home will become a permanent fixture of corporate life. Another survey of chief financial officers conducted by research firm
Gartner
revealed 74%, of the 314 polled, said they planned to downsize the number of people coming into the office each day.
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3 Pros and 3 Cons of Working Remotely
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SHORT CHANGED...
If you lent someone a dollar, would you
be happy if they only repaid you .50 cents?
If Chicagoans don't start responding to the 2020 Census, Chicago will be short-changed again, while struggling to recover from the COVID-19 pandemic.
Did you know Chicagoans are only getting .66 cents back for each $1 paid
to the Federal Government since the 2010 Census? Why? Because ten years ago, only
66%
of Chicagoans responded to the Federal Census.
Ten years ago, three out of every ten Chicagoans
were too scared, busy, or didn't care to respond to the Census. Statistics for the 2020 Census are more shameful. In Humboldt Park (Census tract 8023), the response rate as of May 3rd is 48%, 56% overall in Cook County, and 62% statewide.
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The 2020 Census consists of 12 easy, 'Yes' or 'No' questions. It does
NOT
include a question on whether one is a citizen. We all need to take the responsibility
of responding to the Census, and encouraging
others to do so, too. Let's not short change Illinois!
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A Chance to Win $500:
How Is COVID-19 Impacting Your Business?
The City of Chicago has partnered with the University of Chicago Booth School of Business
to understand the impact of the coronavirus pandemic on Illinois small businesses, and what the city and state governments can do to help businesses recover.
The survey is open until Friday, May 15th;
eligible participants will be automatically entered into a lottery to win one of ten $500 prizes. A computerized random draw will pick the winners by Sunday, May 31st.
The survey is short and confidential.
Your feedback will help improve the types of assistance city and state government agencies provide to help businesses survive and recover from this crisis. If you would like the chance to shape the government’s economic response to the pandemic,
click here.
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Sponsored
CHICAGO PROPERTY INVESTORS LLC
Michael Goldstein - (773)504-1200
Hard-to-find Inexpensive space in Chicagoland
500’-150,000’ - short and long term leases
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Leasing - 4850 W. Bloomingdale, 60639
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F
or other Chicago Property Investors properties -
Click here
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Lawndale Set for Major Mixed-Use Development
Per
Curbed Chicago
, The North Lawndale neighborhood, once home to the now-demolished Ogden Courts and Lawndale public housing development, is getting a major mixed-use development - 120,000 square feet of commercial space and over 350 mixed-income housing units. The project is scheduled for completion in 2026.
Click to get
the details.
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Up & Running, Ready for Business
TUTTI FRUTTI COFFEE SHOP
5349 W. Belmont Avenue - 773/954-2168
Five stars plus! Only fresh, natural ingredients, everything is made from scratch - even ice cream. Tutti Frutti is family-owned, and by people who know food and go to the nth degree to please your palate. More than one Yelp review used the words 'hidden gem'.......
Tutti Frutti is open for Curbside Pickup and Delivery.
Contact them directly for updated hours and menus.
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All You Need to Know About
CARES Act Employee Retention Credit
The Employee Retention Credit under the CARES Act encourages businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.
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Comments, suggestions & feedback
are always welcome. Send us YOUR news.
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