03/04/2021 - IRS Adds Flexibility re Health FSAs, Dependent Care - Neighborhood Opportunity Fund Reopened - - New School for Belmont Cragin - Developments on Chicago Avenue & Six Corners - SBIF Program's
Open Districts for March - NWCC March Events -
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Neighborhood Opportunity Fund
Reopens for Grant Applications
The City of Chicago's Neighborhood Opportunity Fund opens for grant applications from entrepreneurs, nonprofits, and cultural institutions on the South,
West, and Southwest sides in March, with more than
$4 million available.
Learn more about the program at one of these seminars:
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Monday, March 15 at 10:30 AM - Register
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Monday, March 8 at 3:00 PM in Spanish - Register
Co-presented by Greater Southwest Development Corporation and NOF Staff
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Thursday, March 11 at 10:00 AM in Spanish - Register
Co-presented by Little Village Chamber of Commerce and NOF Staff
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Area Real Estate Development |
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The Chicago Plan Commission approved plans for the new Belmont Cragin Elementary School at 6100 W Fullerton Avenue. Located at the intersection of Fullerton and Meade Avenues, the project calls for new construction of a three-story school building and the renovation of the existing Riis Park Field House.
Click to read "Plan Commission Approves Belmont Cragin Elementary School Development at 6100 W Fullerton Avenue in Belmont Central."
Lukas Kugle - Chicago Yimby, 2/24/2021
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Soul City Corridor is envisioned for a part of Chicago Avenue. An art gallery, wellness lounge, and recording studio development project is slated for a corner at 5849 W. Chicago Avenue.
Click to learn more from Austin News "New businesses coming to Chicago Avenue" Zach Cunning, Austin News, 2/24/2021
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The $150M Northwestern Medicine Project has been nudged ahead, with conditional support from the Old Irving Park Community Association and 45th Ward Alderman James Gardiner's approval. The outpatient medical center will occupy Sabatino Restaurant's former site and just one of several developments planned for the Six Corner's area.
Click to learn more from Nadig Newspapers: "Alderman Gardiner supports $150 million Northwestern medical complex for former Sabatino’s block; Irving-Kilbourn traffic signal planned" - Brian Nadig, Nadig Newspapers, 2/17/2021
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The NW Connection maintains an inventory of commercial and industrial properties and
land for lease or sale. Brokers and agents
are invited to send their listings for inclusion.
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About the Cover Photo...Garfield Park Conservatory |
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"Considered revolutionary when it opened in 1908, the Garfield Park Conservatory is described as a work of "landscape art under glass."
Landscape architect Jens Jensen designed the exterior to emulate a Midwestern haystack. The Conservatory's centerpiece is the Fern Room, which includes some of Jensen's most beautiful stone and water elements, with a waterfall so natural in appearance that people sometimes assume the glass structure was built around it.
Click here to learn about upcoming displays & Plan Your visit
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Chamber events are not just 'member's only' - we hope you find them fun, educational, or beneficial and will consider joining the businesses who've already decided!
March 17th - 5 to 7 PM*
St. Patrick Day NWCC Fundraiser McDonald's
4338 West North Avenue restaurant.
Includes Take out, Drive-Thru, Grub Hub & Door Dash Orders
March 27th - 11 AM to 1 PM - Between Pulaski Road and Kostner Avenue.
Meet The Easter Bunny On North Avenue - He'll Have Candy for the Kids!
March 30th - 9 AM - Coffee & Networking - Location TBD - Stay tuned.
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NWCC Membership Renewals - 1st Quarter 2021
Click on name to go to website...
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NWCC's 2021 Business & Shopper's Directory
Get your free copy of the Guide .....just call or email
Pete Schmugge at (773)558-8743
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New Law Adds Flexibility to
Health FSA, Dependent Care Programs
The IRS recently announced greater flexibility, due to the pandemic, to employee benefit plans offering health flexible spending arrangements (FSAs) or dependent care assistance programs.
Employers now have flexibility in the following areas related to health FSAs and dependent care assistance programs:
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Carryover of unused amounts from 2020 and 2021 plan years
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Permissible period for incurring claims for plan years 2020 and 2021
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Special rule regarding post-termination reimbursements from health FSAs
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Special claims period, carryover rule for dependent care assistance when a dependent "ages out" during the COVID-19 public health emergency
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Certain mid-year election changes for health FSAs and dependent care assistance programs for plan years ending in 2021
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Small Business Improvement Fund Grants
The Small Business Improvement Fund (SBIF) provides grant funding for permanent building improvements and repairs across the City. Offered by the Department of Planning and Development (DPD) to tenants and owners of industrial and commercial properties, SBIF grants are funded by Tax Increment Financing (TIF) revenues in designated TIF districts citywide.
Eligible participants can receive grants to cover between 30% to 90% of the cost of remodeling work, with a maximum of $150,000 for commercial properties and $250,000 for industrial properties. The grants, administered by SomerCor on the City’s behalf, do not have to be repaid.
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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 Neighborhood Business Development Center, is funded to provide assistance to the
Cragin, Hermosa, Humboldt Park, and North Austin Communities.
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