Monthly Archives: March 2019

Chicago’s New Business Developments

Chicago skyline

It is anticipated that this new facility will actually create 48 permanent jobs, which in turn will revitalize Chicago’s neighborhoods.  This is good for the entire city of Chicago.  As Alderman Michael Scott Jr. said, it’s not just the jobs that this creates for Chicago.  The positive effect of this is the transformation of the community and its surrounding residents.   

This is not the only construction happening in Chicago. In fact, if one takes a look at the city’s skyline they will see a whole slew of high rises and tower cranes as new projects begin and others take root.  The fact is, 2019 is set to welcome the construction of 4,400 units comprising offices, hotels, condos and other buildings.

Regional Business Workshops

For low cost and free business workshops, training, classes and discussions. Business management and marketing, tax preparation, expansions, development.  How to start a business locally (new business registration, compiling a business plan, etc.)

Market Expansion in Chicago

There are many opportunities in Chicago for those wishing to start a business, expand on their projects or move in a new entrepreneurial direction. This Friday is the Annual Food Policy Summit.  Taking place at the south Shore Culture Center, the event – from 9.30am to – is organized by the Chicago Food Policy Action Council (CFPAC) in conjunction with the Detection and Classification of Acoustic Scenes and Events (DCASE).  Now in its 14th year, a series of workshops, food demos and resources will be available.  Click here for more information. 

Small business owners and will be able to learn how they can participate in the City Markets program as well as benefit from Chicago’s vending opportunities.

Next week on March 18, a workshop will be hosted by the Chicago City Markets Team, in conjunction with Logan Square Farmers Market and Bronzeville Boxville Market executives.  Discussions for new market applicants will be centered on how to find a market most appropriate for one’s needs.

In other Chicago business expansion news we see the movement of security integrator Security 101 opening a new office in Chicago.    It will be run by David Ritland who is both owner and president; a man who has expanded another company – The Sentral Group – to five American and one Mexican plant.  CEO of the firm, Steve Crespo said:

Chicago is an exciting market with a number of growing businesses and organizations needing quality integrated security to protect employees and assets. Dave and his team will be backed by the Security 101 organization and its other franchise offices.”

Infrastructure Issues

Chicago’s metro is in serious need of updating

Chicago – and actually the entire state of Illinois – needs more money for infrastructure.  currently, according to Illinois DOT acting secretary Matt Magalis, at least $39 billion is needed.  $13 -$15 billion of this would be used in the next decade just for highway maintenance.

Public transit isn’t looking all that good either; $19 billion is needed for that.  And state airports require an investment of $250 million.  A further $800 million is needed for passenger rail and $4 billion for freight rail.  and we haven’t even started talking about the huge amount of capital required to bolster highway capacity.

As Magalis explained:

“Our funding needs are great, but in order for us to drive our economy and our great state forward, we must invest in the maintenance and expansion of our multimodal system.”

Arcadis has been appointed principle contractor for the upgrade of Chicago’s metro red line. The project – valued at $102m – will be a joint project undertaken by Jacobs and Ardmore Roderick and the CTA.  Arcadis will lead the endeavor.  15.4km of track – currently over 100 years old – will be renovated.  this will hopefully lead to reduced need of maintenance which delays city commuters.  Red line stations at Argyle, Berwyn, Bryn Mawr and Lawrence will be completely reconstructed as part of the project. LeeAnn Tomas-Foster of Arcadis explained:

 “This project will improve rider experience, reduce overcrowding and help CTA meet rapidly growing demand for transit service in Chicago. We are honored to work with CTA to improve quality of life for Chicagoans.” 

This is a good start to the infrastructure problems of both the city and the state.