Neighborhood Opportunity Fund Grant Approved for Little Village Incubator
A $1.5 million Neighborhood Opportunity Fund grant approved by City Council today will help create a cross-cultural business incubator in Little Village for start-up companies, artists, and multi-media professionals.
The grant will be used by the Little Village Chamber of Commerce and Little Village Community Foundation to rehabilitate a vacant, three-story building at 3523-25 W. 26th St. as a co-working office space, a shared commercial kitchen and a café. The $3.5 million, 12,000-square-foot project will create 15 permanent and 28 construction jobs and help existing and start-up professionals to improve their business skills.
The Neighborhood Opportunity Fund allocates voluntary zoning fees from downtown construction projects to support neighborhood commercial corridors in low- to moderateincome communities on the South, Southwest, and West Sides. Projects with grant amounts exceeding $250,000 require City Council approval.
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