.png){kind=logo}
.png){kind=logo}
7.7% GROWTH
in home, financial, and travel purchases in the next 5 years
Why Chicago?
Why South Chicago?
South Chicago was once home to the massive steel industry and the landing space for immigrants from all over the world. The first major enclave of Mexicans in Chicago, its residential and commercial development centered around the thousands of people who worked in the mills. The land and lakefront that became vacant with the demise of the steel manufacturing industry have left behind a host of assets that will fuel redevelopment – space, transportation, the Calumet River gateway, an excellent Southeast side location, and a willing workforce. South Chicago - Change On The Horizon
-
-
RETAIL & TRANSPORTATION
industries have higher concentrations of workers here than the rest of Chicago
-
25K SQ. FT.
of turn key ready commercial space available
-
$972 MILLION
in consumer spend and it will continue to grow
Why South Chicago?
It's An Attractive Market for Investment
Community Snapshot
Community Assets Maps
Situated between Chicago’s lakefront and the Calumet River, South Chicago is emerging from its industrial past as the home of the once-thriving South side steel manufacturing district to a community teeming with opportunity and the potential and space to become the city’s next major development. Natural assets abound, including the Bessemer Park Nature and Wildlife Garden and the 12 mile Burnham Greenway Trail that connects residents to parks, golf courses, and nature preserves.
27 - park facilities
11 - Schools
1 - Public Art Piece
1 - Library
3 - Metra Stations
THE CITY OF CHICAGO HAS ASSEMBLED A SUITE OF
INITIATIVES DESIGNED TO PROVIDE CAPITAL AND OTHER SUPPORTS TO BUSINESSES WHO
LOCATE IN SELECT OPPORTUNITY COMMUNITIES -
Revitalization of commercial
corridors in 10 high profile opportunity
neighborhoods.
Build out of vacant city-owned lots. Six
awarded developments will soon transform the
neighborhoods.
A cadre of engaged residents, business
owners, and non-profit organizations have coalesced to plan strategically
and attract new development to the area, current projects include:
• SALUD – A $26 million renovation of a
former YMCA into 101 senior housing units and a 40,000 sq. ft. community
center which will include a gym swimming pool, health and wellness
facilities, a computer lab, an auditorium and community meeting space.
• GALLERIA 89 - $23.5 million will be
invested to create 45 housing units (27 which are designated “affordable”)
and 12,000 sq.ft. of retail space, which will include a business center and
a café’.
• FIFTH THIRD BANK COMMUNITY DEVELOPMENT
INITIATIVE – A $20 million investment into South Chicago
community development efforts which will include business loans and home
ownership. Project is in cooperation with Claretian Associates.
Whether you need an incubator, a storefront, a large retail outlet in a mall or a sprawling manufacturing site, South Chicago’s Got It! This robust network of organizations and initiatives provide customized services to assist
developing businesses:
• South East Chamber of Commerce – Small Business Development
training and supports,
• Special Service Area #5 – Advertising and Promotion, Façade
Improvements, Streetscaping, Marketing
• Accion – Mentoring, training, and business loans
Existing Businesses
Putting Your Business In the Street -
WORKS!
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 South Chicago community and this effort,
-
Angela Hurlock | Claretian Associatesp
-
Adrian Gibbs | Claretian Associates
-
Tevonne Ellis | Claretian Associates
-
Sy Lewis | Meadows Eastside Community Resource Organization
-
Yolanda Gomez | Samantha's Flowers
-
Jessica Smith | Plates On Purpose
-
Amalia Nieto-Gomez | Alliance Southeast
-
Dave Price | Southeast Side Community Business District
We are grateful for your time and generosity, and hope you will take great pride in the important difference that you make in the South Chicago community, and the lives of the people who live here.