Thank you for Plugging into... The NW SIDE BUSINESS NEWS July 1st, 2020: $12.5M Portage Park Development, plus Two More - Labor Ordinance Details - Five Area Businesses Garner Neighborhood Opportunity Grants - SBIF Stuff - Wide Open Spaces

City Assistance Approved for Portage Park Retail, Storage Complex

A $12.5 million mixed-use development in Portage Park - expected to create 22 permanent jobs and up to 60 temporary construction jobs - will move forward through $3.3 million in Tax Increment Financing (TIF) assistance approved by the Chicago City Council in May.  The 122,300-square-foot complex at Central and Waveland Avenues will include a four-story, self-storage warehouse and 12,000-square-feet of ground-floor retail space. Click for additional details.

Chicago Plan Commission Approvals

3911 N. Milwaukee Avenue Six Corner Development's 10-story senior housing plan for the Portage Park includes 114 independent living units and 144 assisted living or memory care units, plus an ALDI grocery store. The $130M project will provide 11 affordable units.

4200 W. Belmont Avenue Noah Properties' $21M Kilbourn Park plan includes 52 townhomes, a nine- and a six-unit multi-family structure. Per the Affordable Requirements Ordinance, seven of the units will be sold at affordable rates.

Beginning July 1st 2020, Landmark Labor Laws In Effect On July 1, two new labor laws took effect in Chicago. The  Minimum Wage and Paid Sick Leave Ordinance raises the minimum wage.  The Chicago Fair Workweek Ordinance requires larger employers to provide workers with predictable schedules and pay them for last-minute changes. These laws protect workers and ensure that good-faith employers enjoy a fair playing field. Additionally, Chicago also has an Anti-Retaliation Ordinance, prohibiting retaliation against workers for following certain COVID-19 related health orders. The links below are to the City of Chicago where you'll find ordinance details and downloadable documents in English and Spanish . Click for details on the Minimum Wage & Sick Leave Ordinance Click for details on the Chicago Fair Workweek Ordinance Click for details on the Anti-Retaliation Ordinance

The Office of Labor Standards is presenting a webinar on Thursday, 7/2 at 2 PM on the Minimum Wage and Paid Sick Leave. Click here to register for the 7/2 Webinar. Every Friday at 2 PM, the Director of Labor Standards hosts an online forum where participants can ask questions about Chicago's labor laws., In observance of the holiday, the sessions will resume on Friday, 7/10. Click to register for the 7/10 session.

Mayor Announces Finalists For $5.4M Neighborhood Opportunity Fund Grants  Mayor Lightfoot and the Department of Planning & Development (DPD) announced 32 project finalists for $5.4 million in Neighborhood Opportunity Fund grants. Nearly 90% of the award finalists are minority-owned businesses, and half located along commercial corridors targeted through the INVEST South/West initiatives . Among the finalists are these area businesses: Mr. Anthony's Cleaners - 5136 W. Chicago Avenue T&C Fitness Club LLC - 5906 W. Chicago Avenue L. May Creations - 5938 W. Chicago Avenue See Spot Run - 4118 W. Division Street Avery & Pryor Construction LLC - 4945 W. Division Street DLV Printing Service, Inc. - 5825 W. Corcoran Avenue Valued at more than $12.6 million in total project costs , the selected rehabilitation and new construction projects were among 325 applicants to the Neighborhood Opportunity Fund during last winter's application round. Click for a complete list of finalists

Small Business Improvement Fund Now In its 20th year ,  the SBIF program is still helping small businesses in nearly every Chicago neighborhood. One of the longest-running City programs, SBIF grants use Tax Increment Financing to reimburse businesses for qualifying repairs and upgrades. Two webinars on the SBIF program and the application process are scheduled this summer by the Department of Planning & Development (DPD) and SomerCor. Advance registration is advised; however, both can be live-streamed on the day of the event on  DPD's YouTube page.   Click to Register : July 15th from 1 to 2:30 PM Click t o Register: August 5th from 1 to 2:30 PM

City Street Sweeping Has Started Starting July 1st, street sweeping begins. Avoid a ticket. To see when your street's scheduled.... Click here and type in your address.

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

LEASING: 1840 N. LaCrosse Avenue, 60639 - 46,634 SF

Click here for specs on 1840 N. LaCrosse Avenue. F or other Chicago Property Investors properties - Click here

Easy-to-Use Flowchart for New Tax Credits - The IRS recently issued an easy-to-understand flow chart ( Publication 5419, New Employer Tax Credits ) to help employers understand the Employer Retention Credit, and credits for paid sick and family leave. Using the document, employers can quickly determine whether they are eligible, the amount, and which wages apply to the credits. Click to download/view Proposed Regulations for Carbon Capture - The Treasury Department and the IRS recently proposed regulations to help businesses understand how legislation passed in 2018 can benefit those claiming carbon capture credits. Click to download/view

The IRS has several free enewsletters with tax tips, topics of use to businesses, and a wide range of resources. To subscribe, Click here

Wide Open Spaces... Strolling thru a Farmer's Market will be different in 2020, given requisite masks and social distancing, but a nice outing after sheltering in place. Click for WTTW's list of Chicago City Markets & Independent Markets Click for Listing of West and Southwest Suburbs Markets Click for Listing of Farmer's Markets on Chicago's North Shore

FOR SALE... 1928 N. Leamington, 60639 18,000 SF - Single story industrial building with mezzanine office. For details on this site and others, click HERE or Contact Deborah Smith, Strauss Realty Ltd. 773-885-3254

Ready to Buy, Sell or Lease? InBusiness/Chicago and the NW Connection Chamber of Commerce maintain inventories of area real estate.... Click here for IBC's - Click here for NWCC's

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