BLOCK CITY CHICAGO REPORTS on Commercial Corridor Revitalization

BLOCK CITY CHICAGO REPORTS

HYDE PARK, WOODLAWN, SOUTH SHORE

Some Landlords Keep Their Storefronts Empty For Years — And Get Tax Breaks For It. Business Leaders Want To Change That

Small business advocates want to limit the tax breaks property owners can get on vacant storefronts. On 79th Street, three in five storefronts were vacant as of last year.

7:36 AM CDT on Oct 4, 2021

Quotes:

“We’re sounding the alarm on some of these land-bankers and foreign investors that are taking advantage of marginalized communities,” Tonya Trice of the South Shore Chamber of Commerce said.
“We have been doing this already without funding for a couple years,” said Diane Burnham, executive director of the South East Chicago Commission. “Having a coalition and a united voice has kept us going.”
“We believe this [ordinance] should be passed as expeditiously as possible,” council co-founder Elliot Richardson said. “It’s crucial to revitalize commercial corridors now — especially coming out of this pandemic — to create jobs in struggling communities.

READ THE FULL ARTICLE HERE

Insights Archive

CRMIG

By patti@sbacil.org | February 1, 2020

Records Management Services CRMIG is based in the Chicagoland area of Illinois. We offer professional services focused on Records Management and Information Governance. With well over 25 years of experience in the records management field. When it comes to records, most organizations are overwhelmed. This is typically due to the fact that they don’t have…

COACHING FINANCIAL CONCEPTS

By patti@sbacil.org | January 31, 2020

Smart, observant, objective resources to improve performance, plan strategies – help you reach the top, and stay on top. Teams, of course, also need coaches, to get the best results… and win. Sports is not just a handy metaphor. Winning the game gives us serious lessons to follow in money matters, like the need for…

DAILY HERALD BUSINESS LEDGER

By patti@sbacil.org | January 30, 2020

The Daily Herald Business Ledger is the business resource for suburban Chicago. We inform and educate through a distinctive mix that includes print, digital, and events. For the Reader, Daily Herald Business Ledger is the primary source of local business news and information in suburban Chicago. For the Advertiser, Daily Herald Business Ledger provides access to the executive readers…