Serving the Cragin, Hermosa, Montclare,
Humboldt Park & N. Austin Communities
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SEASONS GREETINGS...
Major Development Project on Kostner Moves Ahead - SCORE Survey - Bevy of Business Resources - Choosing a Tax Preparer - Take Your Business Online: Online Payment Options - Fee Cap on 3rd Party Delivery -
Open Bids for Goods & Services -
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Development Project
On Kostner Moves Ahead
A major real estate development, featured in the over a year ago (8/29/2019) ago is moving ahead. The Terminal, a complex of three warehouses formerly owned by Pyle National, is the most recent INVEST South/West project in Humboldt Park.
Project developer IBT Group, LLC, plans a $50 M build-out of the 250,000 square-foot space on 6.9 acres to transform it into an urban workspace campus for makers, creatives, and innovators. The project offers creative loft office & active flex space, generous high-bay window lines on all four sides of the buildings, and more than 2.5 acres of winding outdoor space creating an engaging open-air setting. Click for Mayor's Press Release
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Requests for Proposals (RFPs)
Through the Department of Planning and Development (DPD), the City of Chicago is offering qualified development teams and nonprofit organizations an opportunity to submit proposals for sites in the INVEST South/West neighborhoods of Roosevelt & Kostner, Bronzeville, New City, North Lawndale, and South Chicago.
Click here for RFP sites, information, forms and submission dates.
Click here for additional info' on INVEST South/West
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SCORE Needs Your Help
The Service Corps of Retired Executives needs feedback from full-time small business owners for a new research project on small business financial decision making. The research group is comprised of academics from BYU, Harvard, University of Chicago, and the University of Toronto.
Click to access the survey.
All information is completely confidential and anonymous. You are free to withdraw from the survey at any moment. Betsy Dougert, Vice President, SCORE External Relations
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Bar & Restaurant Analytics Seminar
Monday, December 7th from 10 to 11 AM
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On Saturday, December 5th, Santa will have a sack of candy to hand out during his walk along North Avenue between Kostner and Pulaski Road. Click for flyer
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Some Links for Family Holiday Activities...
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BUSINESS RESOURCES
ComEd's Bill Assistance program was introduced to help their small business customers who are struggling in challenging times. Click for info' sheet.
SBA's New Reduced 504 Loan Debenture Rates: The updated interest rates for the 504 Loan Program offered by Certified Development Companies (CDC), now allows for 10, 20, and 25-year interest rates at 2.231%, 2.364%, and 2.399%. Click to view/download info' sheet
2020 Virtual Concessionaire Business & Vendor Expo: The Chicago Department of Aviation (CDA) is hosting the Expo on December 15th from 10 AM to 2 PM for local companies to learn about doing business with the CDA.
Click to register for this event.
Business Interruption Grant (BIG): the Illinois Department of Commerce & Economic Opportunity is still accepting applications for the 2nd round of BIG grants. For more information and to apply, click here.
From the Small Business Administration: Small businesses, nonprofit organization of any size, or a U.S. agricultural business with 500 or fewer employees that have suffered substantial economic injury as a result of the Coronavirus (COVID-19) pandemic, can still apply for the COVID-19 Economic Injury Disaster Loan. Learn more.
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Online Payment Options For Small Business
Convenience and COVID-19 have increased the need and importance of businesses having the capability of accepting online payments. The online economy has seen massive growth globally in digital shopping revenue in the second quarter of 2020, in comparison to 71% in 2019. Those numbers also reflect that more customers show increased intent - meaning they’re completing the checkout process in the same session as they browse.
Click here for an overview of payment options used by retailers today.
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Ten Tips For Choosing A Tax Preparer
Tax time will be here again before you know it. The COVID-19 tax relief, forgivable loan programs, and stimulus checks all have different and unique tax consequences. Choosing the right tax preparer is vital, and the IRS has compiled a list to help make that choice. Click here to download/view
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City Passes Emergency Measure;
Fee Cap On Third-Party Delivery Services
The City of Chicago has passed a temporary emergency relief measure capping the fees third-party delivery companies can charge restaurants for their services. Click here for details.
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Open Bids for Goods & Services
The Business Development Center at College of DuPage (COD) is accepting sealed bids and RFPs for goods and services. For listing of open bids and submission procedure, click here.
COD is committed to the economic development of disadvantaged business enterprises; Minority, Women, and Persons with
Disabilities Owned Businesses are encouraged to participate.
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NWCC's Commercial Real Estate Inventory
The NW Connection Chamber maintains an inventory of commercial and industrial properties for sale and lease. Agents, brokers, and owners are invited to send their listings for inclusion.
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up-to-date info' about programs, resources, events and
webinars. Click HERE to Check out our website
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The NW Connection Chamber of Commerce, a delegate agency of the City of Chicago Department of Business Affairs, is funded to provide assistance to the
Cragin, Hermosa, Humboldt Park, and North Austin Communities.
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