12/14/2022: 50/50 Shared Sidewalk Program - State's New Loan Programs - Update: Energy Transformation Code - DOE Major Breakthrough - Two 'Know More About' Organizations |
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State Launching New Loan Programs in 2023
In 2022 the Advantage Illinois (AI) Loan Participation Program partnered with local lenders to provide low-interest loans - 71% of AI loans went to minority-owned businesses - people of color, women, people with disabilities, and veterans. This program will continue next year to support businesses with difficulty gaining access to capital.
These are the new programs launching in 2023:
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INVENT Venture Capital Program (VCP) is a direct equity program focused on investing in businesses in critical industries such as agriculture, ag tech, information technology, life sciences, manufacturing, quantum, and more.
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Climate Bank Finance Loan Participation Program is overseen by DCEO and administered by the Illinois Finance Authority (IFA), which will partner with local lenders to issue loans to small businesses in the clean energy sector.
Click here to receive additional information and updates when the programs launch.
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DOE Announces Fusion Energy Breakthrough
The Department of Energy, per an article in the Washington Post, announced Tuesday that scientists achieved a milestone in creating zero-carbon power through nuclear fusion with a net energy gain. While a major step in the decades-long, multibillion-dollar quest to develop a technology to provide unlimited, cheap, clean power, there is still a long way to go.
In response to inching closer to reality, venture capitalists are pumping billions into companies, racing to get a fusion power plant up and running by the early 2030s. Through the Inflation Reduction Act and the Department of Energy, the current administration is creating tax credits and grant programs to help companies figure out how to deploy this kind of energy.
Washington Post, Shannon Osaka - 12/13/2022
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Random logos & photos in this issue have 'Learn More' links when clicked on... |
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CHICAGO PROPERTY INVESTORS, LLC
Contact Michael Goldstein - 773/504-1200
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Rare High Demand Site
Jump On the Opportunity to Own!
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Industrial/Office/Warehouse multi-Tenant Space; Usable Lower Level
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An Introduction
The Illinois Green Alliance promotes green buildings and sustainable communities driven by the belief that green infrastructure is key to strengthening neighborhoods and improving the quality of life for everyone. A membership-driven nonprofit, the organization provides green building education, promotes new green building policies with the help of building professionals, and supports existing buildings through several essential community programs.
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City Council Adopts 2022
Energy Transformation Code
The Chicago City Council passed the 2022 Chicago Energy Transformation Code in September 2022, making Chicago the first city in Illinois to adopt and exceed the 2021 edition of the International Energy Conservation Code (IECC) and one of the first major U.S. cities. Most requirements will apply to building permits issued after November 1, 2022, with additional requirements taking effect on January 1, 2023. By being among the first to adopt requirements based on the 2021 IECC, Chicago will be at the front of the line to apply for $1 billion in federal financial assistance.
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Shared Cost Sidewalk Program
Many Chicagoans have taken advantage of the Shared Cost Sidewalk Program - the cost per square foot billed to property owners is well below a private contractor's charge. Senior citizens and persons with disabilities may qualify for a further discounted rate. The application period opens January 9th, 2023, and is on a first-come, first-served basis. Make sure to save the date, but we'll try and remind you!
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Get involved.....
Manufacturing Renaissance Needs Your Support
Are you an employer, agency, educator, or individual who believes manufacturing can contribute to developing thriving communities and economies? Or a student interested in equipping yourself for a good job or career in manufacturing? Learn more about Manufacturing Renaissance, now in its 40th year of building a diverse network of people, employers, agencies, and advocates who believe manufacturing is critical to sustainable community and economic development.
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Visit our website - InBusiness/Chicago
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