Monthly Archives: December 2019

QTS: In Chicago

In this video we see the transformation “from a single data center in overland park Kansas in 2003 QTS has steadily grown to become one of North America’s largest and most trusted data center companies.”

The newest data center?  Chicago.  See this:

Advancing Job Creation

A laboratory is being created to teach students how to become nurses without all the expenses. Funding for this nursing simulation laboratory is being provided by the government at Chicago State University.  According to J. B. Pritzker, the Democratic Governor who announced the $2.5 million funding:

“That state-of-the-art facility will train thousands of students for jobs in one of the fastest growing industries, and that’s the medical profession, at a crucial moment,” Illinois faces a nursing shortage across a number of specialties.”

As well as being ranked number one of the Midwest pharmacy institutions in the education of minority students by the American Association of Colleges of Pharmacy, according to President Zaldwaynaka “Z” Scott, it is the only widely-black institution.  Students are made up of: 70 percent African American and 10 percent Latinx.  In addition there are 69 percent women; 61 percent are first generation college students.

Further, for students who study there, there will be a substantially greater pay scale and opportunity, helping students at the university feel a sense of pride.

In other city-enhancement news, the Chicago Property Assessed Clean Energy (PACE) program has just been launched.  In an attempt to facilitate the capacity of property owners to move over to clean energy, PACE is offering low-cost financing for such work to be undertaken in new and existing buildings.  Those wanting to install green roofs, solar panels and other water/energy saving devices will have an easier financial time doing so thanks to PACE.  This loan is only paid back through a special assessment which is automatically added to future tax bills in each property building.

Helping Housing in Chicago

There have been some recent developments in the housing industry in Chicago that spell very good news for locals.  Here, we look at two of them:  Acquisition loan from the Wilshire Quinn Income Fund and total renovation of Chicago Lawn.

Part of Wilshire Quinn Capital, the Income Fund is set to give an acquisition loan of $6,400,000 to Chicago IL.  The property has a retail shopping center (rented out by the Burlington Coat Factory, GNC, Chipotle, Sprint and Wendy’s among others).  Wilshire Quinn’s work is conducted with mortgage experts and property owners and those taking loans are contractors seeking rehab financing and individuals seeking to refinance.

Historically, Chicago Lawn has had a terrible reputation.  Not so anymore thanks to a passionate group of residents who got together to turn things around. People in this city – that has been quite segregated until now – are banding together to make a difference. These include people from a range of religions, returning prisoners, and people who have lived in the city for generations. 

Just seven years ago there were more than 650 abandoned homes/apartment buildings in the neighborhood.  But they got help.  They asked for support from organizations including: United Power, the MacArthur Foundation and local governors.  As such, the neighborhood has now been “reclaimed.”

Today – of those 650+ abandoned homes – over 300 are now filled.