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11% GROWTH
in financial and home related products, and travel purchases in the next 5 years
Why Chicago?
Why Montclare?
An oasis in the city, Montclare is where the tranquility of the suburbs meets the amenities of the city. This family-oriented stronghold also houses one of Chicago's most diverse communities: Italian, Polish, German, Ukrainian, Greek, Lithiwanian, Lebanese and Latino descendants all call Montclare home. Civic engagement, hard work and open hearts anchor Montclare and make it a pillar of the city.
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RETAIL & TRANSPORTATION
industries have higher concentrations of workers here than the rest of Chicago
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26.9k SQ. FT.
of affordable commercial space available
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$635 MILLION
in consumer spend and it will continue to grow
Why Montclare?
It's An Attractive Market for Investment
Community Snapshot
Montclare Community Asset Map
Montclare is a stronghold of Chicago’s Far South Side. Home to a rich history and an anchored community, Montclare is close to a range of South Side neighborhoods, including Beverly, Chatham, and Pullman. There is easy access downtown through the Red Line, Metra Electric, and bus. Whether grabbing a bite along 87th, taking Metra to the Pullman National Monument or Millennium Park, or taking the bus to Rainbow Beach and the South Shore Cultural Center, Montclare offers access to Chicago’s treasures.
14 Park Facilities
1 Library
1 School
2 Metra Stations
* The City of Chicago has
invested $94M in the neighborhood over the past 10
years.
* In 2021, over $3.2M has been invested in
road upgrades to Harlem Avenue through the Rebuild Illinois
program.
* In Montclare and neighboring communities,
there have been $56M in TIF and accompanying private
investments across all years.
Montclare has additional resources for businesses that further
enhance their appeal for prospective investors,
including:
• Illinois EDGE Tax Credits
• Enterprise Zones
• Cook County Property Tax Incentives
• Negotiated Sale of City Owned Land
• Tax Increment Financing
• New Market Tax Credits
• Opportunity Zones
• Neighborhood Opportunity Zones
• Small Business Investment Fund
Existing Businesses
Putting Your Business In the
Street - WORKS!
PROSPERING IN MONTCLARE
There are many businesses that have been a part of Montclare for years, and
McGrath Honda & Hyundai are one of them. Kevin McGrath,
who is a VP Partner at McGrath Automotive Group speaks highly of the
community and customers are the lifeblood of McGrath and Montclare residents
have become like family.
Out of all the employees that work at McGrath Honda & Hyundai, 80% are from Montclare. They found that employees that have to drive 45 minutes to work don’t stay as long with the company.
Speaking about the community, Kevin concluded, "Our customers are our family and they are the reason we exist. The community is always willing to help whether it is finding new employees or customers!"
LaForce Baker | V.P. of Community Impact
lbaker@worldbusinesschicago.com
(773) 837-7003
World Business Chicago
177 N State St #500 | Chicago, IL 60601
www.worldbusinesschicago.com
(312) 553-0500
For your commitment to the montclare community and this effort,
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Vanessa Valentin | 36th Ward Alderman Gilbert Villegas
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Mike Nardello | Galewood/Montclare Community Organization
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Sandy Sugg | Grand Corridor Chamber of Commerce
We are grateful for your time and generosity, and hope you will take great pride in the important difference that you make in the Montclare community, and the lives of the people who live here.