Edgewater Development Corporation
April Newsletter
Month, Year - Vol 1, Issue 1
In This Issue
April's Featured Properties
Starting Up and Cutting Costs
Starting and Growing Your Business
Taste of Bryn Mawr
SBIF Updates
Announcements
Join Our Mailing List!
Quick Links
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Dear Neighbor,


Edgewater Development Corporation strives to attract new businesses to Edgewater, shape developments in our business districts to best serve the entire community and give voice to a community vision for our business districts.

Read on to hear about some of our recent work or visit our
website to read more about us.

 

Make sure to buy your ticket for EDC's Taste of Bryn Mawr coming up on June 10th from 6-9 PM. The event will include participating restaurants and businesses on Bryn Mawr and the evening promises to be one of fun, entertainment, and dining highlights. 

 

Email Megha Shah with promotions you would like advertised on Edgewater Development Corporation's facebook and twitter sites at megha.shah@edgewaterdev.org and make sure to become a fan and follow us!


Sincerely,

Edgewater Development Corporation
773-506-4016

This is the place to be... Edgewater
Just the Place to do Business

If you want to buy a business, relocate a business, or start a business, Edgewater is just the place to be.   Edgewater Development Corporation can provide support as well as the contacts and information to make your enterprise a success.

Edgewater is just the right place to do business.  Our location, productive workforce, and exceptional quality of life make this an ideal place.  Whether you are contemplating Edgewater as a new location, expanding an existing business, or planning to start up a new one, we want to help.

We understand that business is the engine that drives our economy and we have the resources to help you research, find a location, and begin operations.

Check out April's Featured Properties Below



1127 N Gville parking

5725 N Broadway Ave- Former WaMu Bank location in a two strip center with Family Dollar as the anchor tenant and 12 parking spaces. Zoned B1-3 for many retail uses. Possible user/owner situation. Property was gut rehabbed 5 years ago. Great retail or professional office situation. Contact Howard Abell (312) 933-9323 or James Hondur (312) 455-2613


1127 N Gville parking

6056 N Broadway Ave- Large, corner retail space is now available in attractive mixed use building in Edgewater at the southwest corner of Broadway and Glenlake. Space has 1580 square feet and is in excellent condition with a restored tin ceiling with 13 1/2 foot height. Great street exposure- perfect for many retail and office uses. Heat is included in rent. Can be combuned with 6054 N Broadway for a total of 2,900SF. Please call David at (773) 283-0632 for more information.


1127 N Gville parking

6201 N Broadway Ave-1,500SF-7,000SF. Located just south of Loyola University Lake Shore Campus (5,000 students) and the Granville EL stop (Red Line - 3,700 passengers per day). Great for small shops, food users, and anyone seeking great exposure with grocery convenience. Contact Peter Graham at 312-861-7815.

                         1127 N Gville parking
6345 N Broadway Ave-FOR RENT, 5000 SF on first floor space, six floors, 45000 SF for entire building, Loading docks and parking available. Historic storage building. Can be used for multi- office space or retail, negotiable with owner. Contact Irving Dainas 773-267-1825.
Starting Up and Cutting Costs
cutting costs

Starting a new business can send your bills skyrocketing. Learn simple ways you can save your budget from slipping through the cracks!


Small businesses require a lot of capital. It's a fact of life. But when its coming out of your pocket, you re-evaluate the thing your business really needs. There are a few areas you can cut back on and save a lot of money you didn't even know you could!

 

Cut costs on shipping. If your business is still growing, you might not have to start working with a shipping service just yet. Instead, consider just buying a book of stamps to get you through your postage needs. Also, consider sending documents and invoices electronically. It saves some trees and the cost of paper and postage. If you're sending a package, you might want to look at the U.S. Postal Service because they can often show you the most cost- effective way to ship your product. This isn't to say that you shouldn't have an account with FedEx or UPS, just do your homework- as you know, every dollar adds up!

 

Next, cut costs on printing. It might be a good idea to get an external hard drive or to store your important files on an online service. With them electronically accessible, you might not always need a hard copy- saving you money on paper, ink, and toner.

 

Then, cut costs on telecommunications. You can save by getting internet and phone service in a lump package. You should also look at online services like Skype and Vonage to save you money on long distance calls and they work great! With a webcam, you can hold a face to face meeting online on Skype and not have to leave the comfort of your office.

 

The importance of this next point of advice is multi-faceted. Call in the favors you've stored up around the years instead of buying products or services. "Maybe you know an IT person who can help with your computer issues and you can offer them marketing advice in exchange" (www.bcscredit.com, David Gass). Calling in these favors and exchanging services not only will help cut down your costs, they will be useful in networking. Networking, important in every business, is especially important to a new business because it develops a relationship with others and can be used to trade services or get recommendations

 

This resource provided by David Gass- Business Credit Services, Inc


Starting and Growing Your Business

There are many people looking to get ahead and starting their own business. Unfortunately, not all of them are successful. Here are some tips that the most successful business owners have in common.

 

  1. Evaluate your business from the shareholders perspective. You can earn a wage at any job and you most likely have already done that, so you want to look at what returns you can get from your investment (aka your business). Do this through paying distributions to the shareholders, increasing the value of the company so that it has an asset that can be sold at some point, or by creating a "lifestyle business" where others can run the company in your absence. This last point gives you flexibility to pursue other goals in your life and still brings home a paycheck.
  2. The founder and president of the Business Credit Services, Inc highlights a method of logging your hours for a week to see where the most time is being spent. This is important in focusing on the things that are important for your business. For one week, catalog where you spend your time into these four categories (revenue, increase quality, decrease expense, everything else). At the end of the week, add up the number of hours under each category. This allows you to see where time is being spent and where you need to be shifting your focus.
  3. Measure your success. Have key metrics that will allow you to measure how your business is doing. It is recommended to have between 10 and 20 key metrics, have them automated, and set up an alert system that will notify you if the numbers are going above or below a set number. That helps you to regulate and identify the source of the metric shift and create a plan to prevent any negative consequences.
  4. Spend time with people that will push you to strive and grow further rather than becoming complacent. It is these individuals who will challenge you to think differently and push you the furthest. Put people on an advisory board to challenge your goals and question your plans to help make sure that you are headed towards success.

 

These are some tips that may help you in the beginning phases of starting and owning your own business.

 

These resources are from David Gass- Business Credit Services, Inc.



Edgewater Development Corporation Presents

                                    

TOBM Logo



Join us for an evening of dining highlights, exclusive sales, and great entertainment. This event promises to sell out soon, so don't wait till the last minute to buy your ticket- make sure to do it today!

 
Thursday June 10th from 6:00-9:00 PM
$10 kids under 12 - $25 in advance - $35 day of the event
Starting Point: Bridgeview Bank Group, 1058 W Bryn Mawr Ave
Visit our website for more information

Buy your tickets today!

You may also call 773-856-5191 or email us at megha.shah@edgewaterdev.org for more information or to buy a ticket

Participating Restaurants
Apart Pizza Company · Ben's Noodle and Rice · Flourish Bakery Cafe
Shinobu Japanese Restaurant · The Little India Restaurant · Bryn Mawr Deli
That Little Mexican Cafe · Francesca's Bryn Mawr · Starbucks Coffee

Participating Businesses
 Chicagoland Games · Salon 64

Sponsors
Bridgeview Bank ·  Lakefront Group Realty Association · That  Little Mexican Cafe


Financial Assistance to Improve Your Business
 

 SBIF Grants of up to $150,000!

 

1127 N Gville parking 

Save the Date

Clark/Ridge TIF

MAY 18 from 3-5 PM 

 

Stay Tuned for Details!

 

Small Business Improvement Fund (SBIF) Program

 

SBIF helps make improvements to small business properties in select Chicago
neighborhoods. The program uses tax increment financing (TIF) revenues
to help owners of commercial and industrial properties within specific TIF
districts to repair or remodel their facilities for their own business or on behalf
of tenants. 

 

Description

 

Program participants can receive matching grants to cover up to half the cost
of remodeling work, with a maximum grant amount of $150,000. The grant
does not have to be repaid.

 

Objective

 

To help local companies expand and create employment oportunties for
Chicago residents. Qualifications and Restrictions Expenses eligible for a SBIF
grant include:

                                            

 

New windows, floors or roof

Sign removal and replacement

Tuckpointing

New heating, ventilation and air conditioning

Improvements to accommodate disabled patrons or workers

Purchase of adjacent property for building expansion or parking

 

SBIF grants are provided to property owners after remodeling work is
completed and all expenses are paid. Residential property, residential
components of mixed-use buildings, and property leased to fast-food
chains and certain other businesses are not eligible for the program.
Vacant business property is eligible, but grants are not paid until the
space is occupied by a business tenant.
Applications are processed by SomerCor 504 Inc.

 

(FAQs) on the SomerCor website at www.somercor.com

(312)- 744-0678


 Property Owners!!!
Do you have 
Property for Sale or Lease?
clarovisa 
 
 Call us at 773-856-5191 or email us info@edgewaterdev.org and we will place your property information on our website for free!!


Edgewater Development Corporation
is proud to be a co-sponsor to Edgewater Artist in Motion
 
Check out new and upcoming window displays at CTA retail spaces on Granville, Thorndale, Bryn Mawr and Berwyn  accessed by a collaboration between The Chicago Transit Authority and Edgewater Development Corporation. 
 
 
 
Edgewater Development Corporation will continue its efforts to attract new businesses into the community by sponsoring initiatives like Edgewater Artist in Motion,  Let's work together to beautify the area with gorgeous art displays from local Edgewater Artists.  If you are a property owner interested in a window display contact:
 
Megha at (773) 856-5191
or
 Rae Anne at (773) 878-9004
 
 Edgewater Artists in Motion is a joint initiative of the Edgewater Development Corporation, Edgewater Community Council, Edgewater Chamber of Commerce, and SSA#26.

 
Announcements
BACP EVENTS:

BACP SPANISH and INSPECTION WORKSHOPS- We are holding business workshops in Spanish the entire year. We also have a new flyer promoting the monthly Inspection Workshops- this is a must for any business. Visit us at www.cityofchicago.org/bacp for more information.

BUSINESS WORKS SEMINAR- The next seminar is on Thursday, June 17th at Wright College- 4300 N. Narragansett. Attend business workshops, network, and get answers from over 30 government agencies. Please visit our website (listed above) for more information.

CONSUMER WORKSHOPS- Take Action, Assert Yourself... BE A SMART CONSUMER. The second of four consumer awareness workshops, "Know Your Rights to Immigration and Prevent Identity Theft" will be Saturday, May 15 at the Lazano Library- 1805 S Loomis from 10:00am- 12:00pm noon. Learn about: the agencies that provide free serices on Immigration Rights, the latest fraud scams, protection for your money and your identity. For more information, visit our website.

OTHER CITY AGENCY EVENTS:

1127 N Gville parking

Don't miss Chicago TechExpo 2010! Last year, TechExpo was a huge success with 100 exhibators providing technology solutions and nearly 1500 small businesses in attendence. Online registration will be open this summer.
Make sure to stay tuned for more information regarding this event.

CONSUMER CORNER:

Tax season deadline is near- Consumers should be aware of fraudulent practices in tax filin companies. The City offers tax assistance, free tax preparation assistance, and assistance filing for the Earned Income Tax Credit through Tax Assistance Center. For more information call 311 City Services and ask about locations near you. Outside Chicago, local residents can call 312-409-1555 or 312-630-0273

LEGISLATIVE/ ORDINANCE UPDATES:

SIGN AMNESTY- In an effort to assist businesses that may be lacking permits for signs that hang outside their business location and avoid future fines and violations, the City is offering a voluntary compliance period of six months starting on April 15, 2010 through October 15, 2010. This compliance program allows existing businesses with on-premise signs to apply for one or both of the permits they may need to have.

What is the "Bundled Permit Application?"- Businesses with signs, lights, canopies and warnings can now apply for all in one application, reducing cost and the number of permits required. Please visit our website for specific details or to download an application.

DID YOU KNOW?

Census 2010- Chicago We're Counting on You!
Don't forget to mail back your census form today- it's important, safe, and easy! For every Chicagoan not counted, the City will lose approximately $12,000 per person over 10 years.

Cable 25- Cable 25 has marketing and advertising opportunites, 25 plays over 30 day period for $40 per play. For more information please visit: www.cable25.org

Free Business Resources: Free business plans, legal advice, and loan services are available at BACP's Solution Station.

Business Certificate Program: Did you know that you can learn all the essentials of starting a business and get a business certificate from City Colleges by attending BACP's workshops! Attend a workshop and register!