Trending...
- AsphaltPlant.ai Applies AI and Purpose-Built Production Tools to the Asphalt Industry
- Chicagoland pastors reiterate call to release religious leader detained in South Korea
- Elie Tahari to Headline Chicago Fashion Summit and Receive Fashion Design Legacy Award
CHICAGO – Mayor Lori E. Lightfoot and the Department of Planning and Development (DPD) today 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 are located along commercial corridors being targeted through Mayor Lightfoot's INVEST South/West initiatives.
"All that we've witnessed and experienced over the past few months shows us that our neighborhoods need economic anchors now more than ever before," Mayor Lightfoot said. "These grants will help ensure that the South, Southwest and West sides of the City have viable, sustainable businesses that grow and thrive long after the current health crisis ends."
The finalists include an eclectic mix of businesses, each of which are a unique staple in the community they serve, including a grocery store in Auburn Gresham, a Back of the Yards delicatessen, an Austin fitness center, a custom bake shop in Little Village, and a sit-down restaurant in Bronzeville.
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 an application round this winter, the program's first under Mayor Lightfoot. The preliminary grant amounts range from approximately $37,000 to $250,000, and final grant amounts will be determined as projects are refined in the coming weeks and months.
More on illi News
"These grants are supporting business plans that, in some cases, have been years in the making," said DPD Commissioner Maurice Cox. "By providing financial resources that communities need and want, they'll help ensure that local business corridors remain centers of economic activity for their respective neighborhoods."
The City is implementing additional measures to directly address pandemic-related business needs under Mayor Lightfoot's direction. These measures include the Chicago Small Business Relief Fund, the Microbusiness Recovery Grant Program, as well as the Together Now Fund, which is partially financed by DPD's Neighborhood Opportunity Fund and Adopt-a-Landmark programs.
February's grant application process offered an online project-readiness tool and other new enhancements designed to foster applicant success, including expedited grant access and local hiring bonuses that make all project costs eligible for 100% funding through the program.
Grant finalists will be provided with concierge service by DPD to help with contracting, construction permits, licenses, 4inancing and other needs as the projects move forward in coming months. The complete list of finalists is below:
The Neighborhood Opportunity Fund was created by DPD in 2016 to allocate zoning fees from downtown construction projects toward business projects along South, Southwest and South side commercial corridors. Grants may be applied toward costs including building rehabilitation, new construction, design, site acquisition and preparation, technical services and other expenses.
More on illi News
Additional finalist information, including preliminary grant amounts, can be found at www.NeighborhoodOpportunityFund.com.
"All that we've witnessed and experienced over the past few months shows us that our neighborhoods need economic anchors now more than ever before," Mayor Lightfoot said. "These grants will help ensure that the South, Southwest and West sides of the City have viable, sustainable businesses that grow and thrive long after the current health crisis ends."
The finalists include an eclectic mix of businesses, each of which are a unique staple in the community they serve, including a grocery store in Auburn Gresham, a Back of the Yards delicatessen, an Austin fitness center, a custom bake shop in Little Village, and a sit-down restaurant in Bronzeville.
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 an application round this winter, the program's first under Mayor Lightfoot. The preliminary grant amounts range from approximately $37,000 to $250,000, and final grant amounts will be determined as projects are refined in the coming weeks and months.
More on illi News
- Dr. Jay Johannigman Returns to Cincinnati Following 46 Years of Military Service
- Mud Morganfield Bares His Soul on 7" Single, 'Deep Gospel'
- Allstream Energy Partners, SEO Experts in Oil and Gas, Awarded Gas Processing OEM Agreement
- Growth Story Expands: $54.6M Contract, $30M Revenue Run Rate, 800+ Customers, 50+ Patents & New AI Cybersecurity Products for Cycurion, Inc $CYCU
- Sky Quarry Restarts Nevada's Only Crude Oil Refinery — A Major New Chapter Begins in This Highly Lucrative sector for N A S D A Q: SKYQ
"These grants are supporting business plans that, in some cases, have been years in the making," said DPD Commissioner Maurice Cox. "By providing financial resources that communities need and want, they'll help ensure that local business corridors remain centers of economic activity for their respective neighborhoods."
The City is implementing additional measures to directly address pandemic-related business needs under Mayor Lightfoot's direction. These measures include the Chicago Small Business Relief Fund, the Microbusiness Recovery Grant Program, as well as the Together Now Fund, which is partially financed by DPD's Neighborhood Opportunity Fund and Adopt-a-Landmark programs.
February's grant application process offered an online project-readiness tool and other new enhancements designed to foster applicant success, including expedited grant access and local hiring bonuses that make all project costs eligible for 100% funding through the program.
Grant finalists will be provided with concierge service by DPD to help with contracting, construction permits, licenses, 4inancing and other needs as the projects move forward in coming months. The complete list of finalists is below:
- Family Dental Care P.C, 3009 E. 92nd St.
- Bass Furniture & Rug Co., 11431 S. Michigan Ave.
- AWSB Holdings LLC, 8734 S. Stony Island Ave.
- Scott Enterprises, 11513 S. Michigan Ave.
- Gala Enterprises, 10658 S. Michigan Ave.
- Culver's, 810 E. 111th St.
- Brewer Coffee and Custard, 1008 W. 79th St.
- TnS Studio, 2320 E. 79th St.
- Allen Business Enterprises, LLC 530 E. 43rd St.
- CBQ Facial Beauty Bar LLC, 4458 S. Cottage Grove Ave.
- Hyde Bark Dog Walking and Pet Care LLC, 4534 S. Cottage Grove Ave.
- Spencer and Leak Sons Funeral Home LTD, 7845 S. Cottage Grove Ave.
- Posh Space Coworking, 1642 E. 79th St.
- Amour Salon Suites, 646-650 E. 43rd St.
- The Bronzeville Winery, 4420 S. Cottage Grove Ave.
- Bronzeville Office Suites, 48 E. Pershing Rd.
- Pearlezzious Poulence Enterprise, 8143 S. Racine Ave.
- Digital Adventures, 4259 S. Cottage Grove Ave.
- Lee's Unleaded Blues, 7401 S. South Chicago Ave.
- Free Street Theater, 4346 S. Ashland Ave.
- Elite Futures LLC, 1659 W. 51st St.
- KC Body Shop Supply, 6027 S. Kedzie Ave.
- Magnolia Screen Printing LLC, 2504 W. 63rd St.
- Xavier's Club 4456 S. Western Ave.
- Mr. Anthony's Cleaners, 5136 W. Chicago Ave.
- T&C Fitness Club LLC, 5906 W. Chicago Ave.
- Avery & Pryor Construction LLC, 4945 W. Division St.
- DLV Printing Service, Inc., 5825 W. Corcoran Ave.
- L. May Creations, 5938 W. Chicago Ave.
- Bombon Cake Gallery and Design, 3834 W. 26th St.
- Ground Control, 3961 W. Madison St.
- See Spot Run, 4118 W. Division St.
The Neighborhood Opportunity Fund was created by DPD in 2016 to allocate zoning fees from downtown construction projects toward business projects along South, Southwest and South side commercial corridors. Grants may be applied toward costs including building rehabilitation, new construction, design, site acquisition and preparation, technical services and other expenses.
More on illi News
- Nutriband Inc. (N A S D A Q: NTRB) Breaks Into Uncharted Territory: 52-Week High Eclipsed as Shares Surge 22% —AVERSA™ Puts Investors on High Alert
- Pintsch North America Announces Beyond Track Circuits Conference at Notre Dame
- Chicago: REPORT: CARE Responses Have Increased 51% Sine Citywide Expansion in May
- Jacqui Condon Selected to Workers' Compensation Panels for Three Professional Athlete Associations
- Saddle Stretch Introduces a New Concept in Adjustable Stretching Equipment
Additional finalist information, including preliminary grant amounts, can be found at www.NeighborhoodOpportunityFund.com.
0 Comments
Latest on illi News
- Chicago: Mayor Brandon Johnson Announces Appointment of Renee Hatcher as Corporation Counsel
- Biophysical Therapeutics brings longevity science to skincare with its new IF1 brand
- JoCa's Echoes of Haworth Sells Out on Opening Night in Mexico City; Artist Heads to San Luis Potosí and Miami Art Week
- Home2 Suites by Hilton Lee's Summit, MO Opens to Guests
- Shanghai Chengwei Semiconductor Equipment Launches High Precision Laboratory Central Gas Supply System
- Your Local Pro Expands National Service Network to 273+ Locations Across Plumbing, Cleaning, Landscaping and Hydrovac
- Acuvance Coker Study Finds Experience, Not Supply, Is the Biggest Advanced Practice Provider Workforce Challenge
- Uk Financial Moonshot Token™ Robinhood-chain Goes Live On Tokpie Exchange Tomorrow, With Solana Side Of UKFLMS To Follow In Global Listing Expansion
- Solid Earth's new "Welcome to Real Estate" campaign introduces RealtyID™: Know Before Your Open the Door
- Radio Drive's New Album Walk With Me Delivers Two GRAMMY® Submissions Across Rock and Alternative Categories
- Kaplan Morrell and Attorney Jacqui Condon Selected to Represent Professional Women's Soccer Players in Workers' Compensation Matters
- ClearSight Therapeutics Receives NIH SBIR Phase I Award for Conjunctivitis and EKC Research
- Lunai Bioworks (N A S D A Q: LNAI) Takes Parkinson's Discovery to the Next Level With Exclusive Tanaist Agreement
- Revenue Optics Names Prat Patibandla Director of Growth Marketing
- Professional Hardwood Floor Installation Benefits Unveiled: Premier Custom Hardwood Flooring Releases Expert Industry Guide
- Independent Autopsies Are Changing Civil Cases: Kansas City Forensic Explains Why Families Are Seeking Second Opinions
- The Kryder Law Group, LLC Recovers $975,000 in Two Motor Vehicle Accident Settlements
- JEGS Launches Transformed Digital Commerce Platform Powered by PhaseZero
- Subject matter experts: Present your ideas at IISE Annual Conference 2027 in Louisville
- Cummings Graduate Institute Celebrates New Doctor of Behavioral Health Graduates