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SUPPORT NEIGHBORHOOD BUSINESS DISTRICTS

SUPPORT NEIGHBORHOOD BUSINESS DISTRICTS BY REDUCING COMMERCIAL VACANCIES

Struggling neighborhood business districts are often plagued by vacant properties. These commercial vacancies impact local economies, foster criminal activity and devastate communities.

Local governments can reduce the property taxes owed by commercial property owners when their properties, or a portion of those properties, are vacant. While most property owners that receive this tax break are legitimately attempting to sell, lease or improve their properties, others take advantage of this relief.

 Legislation should be enacted to stop commercial property owners from receiving a tax break when they are not attempting to lease, sell or improve their spaces.

We support legislation that will do the following:

  • Require property owners that receive a tax reduction to follow through on their promise to make legitimate attempts to sell, lease or improve their spaces
  • Hold property owners who improperly receive a tax break at the expense of local communities and other taxpayers accountable
  • Reduce commercial vacancies in neighborhood business districts
  • Revitalize neighborhood business districts, create local jobs, and foster the growth of local economies
  • Provide property owners legitimately attempting to sell, lease or improve their properties a tax reduction to offset losses associated with vacancy

There has never been a more important time to advocate for policies that will reduce vacancies in neighborhood business districts.

 

Endorsements:

Southeast Chicago Commission

Rogers Park Chamber of Commerce

Edgewater Chamber of Commerce

Six Corners Business Association

Pulaski Elston Business Association

Jefferson Park Chamber of Commerce

Building Strong Millennials

Gladstone Park Chamber of Commerce

Uptown United and Uptown Chamber of Commerce

Lincoln Park Chamber of Commerce

Logan Square Chamber of Commerce

Greater Englewood Chamber of Commerce

North Lawndale Chamber of Commerce

South Shore Chamber of Commerce

Lakeview Roscoe Village Chamber of Commerce

Rogers Park Business Alliance

Cook County Black Chamber of Commerce

Garfield Park Chamber of Commerce

Belmont-Central Chamber of Commerce

Woodlawn Chamber of Commerce

Archives

Hear From our NRC Coalition Partners

By patti@sbacil.org | September 22, 2022

The Small Business Advocacy Council and a coalition of engaged stakeholders have come together to revitalize, empower, and connect commercial corridors in the Chicagoland area. This is a collaborative effort involving grassroots engagement, policy advocacy, and educational initiatives. Our coalition looks to address the vacant property crisis in Cook County, cut red tape that burdens…

Daily Herald Business Ledger Articles with SBAC President Elliot Richardson

By sara@sbacil.org | September 19, 2022

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August 17th, 2022 – Small Business Workshop – What to ask Before You Open Your Doors

By patti@sbacil.org | August 27, 2022

August 17th, 2022 SBAC Empower, Groupon + the Greater Englewood Chamber Of Commerce present an open Q&A session to answer your questions on starting a business. Opening a business and have a question on business usage, zoning, banking, etc? Already have a business and have questions? Listen in, and our panelists will answer freely. With:…

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