Nearwest News
In This Issue
The Hatchery
Boat Cruise
Procurement 101
Equity Crowdfunding
Photo Tips & Tricks
Access to Capital
Incubator Spotlight
Food Workshops
Make City Pitch Event
Minimum Wage
Amazon Smile
Development Opps.
Training Funds
ICNC Space Available
Alderman's Meeting
Member News
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July 2017
Breaking News: The Hatchery is Coming to East Garfield Park Fall of 2018!
Today, The Hatchery, a joint venture between ICNCAccion, and IFF was announced with Mayor Rahm Emanuel, Alderman Walter Burnett, and many other community members and organizations present. The Hatchery will be located in East Garfield Park and will become an integral part of the community by creating jobs and bringing businesses to the area. 

Steve DeBretto, ICNC's Executive Director said, "The Hatchery will put them in the middle of an entrepreneurial ecosystem so they can teach and learn from each other. Add the kitchens, business support, and connections to corporate partners, and we're eliminating the primary barriers food entrepreneurs face when trying to scale."

The 65,000 square foot facility will provide private food-grade production space, as well as shared kitchens and cold and dry storage. Entrepreneurs will have access to business advising, funding, and industry-specific training, along with other resources such as co-working and meeting rooms. The project will break ground in Fall of 2017 and open in Fall of 2018. Read more in the Chicago Tribune and here.
Annual Boat Cruise - July 19th
Only a Few Tickets Left!
ICNC will be hosting its Annual Boat Cruise aboard the Anita Dee II with a special performance by the Jamiah Rogers Band in celebration of our 50th anniversary! Connect with other ICNC companies as the boat cruises around Lake Michigan while enjoying beverages and light refreshments.  All ticket sales will go to support ICNC's no-cost business development services. 
Wednesday, July 19th
Time: 3:00 PM - 6:00 PM
Location: The Anita Dee II at DuSable Harbor - 150 N. Lake Shore Dr.

Procurement 101: Helping Small Businesses Supply Large Institutions - July 13th
Small businesses are often interested in contracts with large buyers like universities and corporations, but may not understand the challenges in the procurement process or how to manage opportunities and risks. Chicago Anchors for a Strong Economy (CASE) educates small businesses on the procurement process of large institutions in the Chicago area.

Thursday, July 13th
Time: 11:30 AM - 1:30 PM
Location: ICNC - 320 N. Damen Ave.
Bring your own lunch.

Equity Crowdfunding Basics - July 26th
Since 2016, companies have had the option of using Equity Crowdfunding to raise capital in IL. This workshop will review both the intrastate and interstate equity crowdfunding opportunities and requirements. It will take you through the entire process from creating and marketing a campaign to understanding post campaign compliance.

Wednesday, July 26th
Time: 4:00 PM - 5:30 PM
Location: ICNC - 320 N. Damen Ave.
Photography Tips & Tricks For Social Media Marketing - August 16th
Everyone is always talking about social media, but how do you do it effectively? Jeff Delacruz, co-founder of Products on White Photography, will review some key tips to improving your social presence online with better photography. Attendees will walk away with the ability to create an ad or post using a new photography technique or resource. 

Wednesday, August 16th
Time: 4:00 PM - 5:30 PM
Location:  ICNC  - 320 N. Damen Ave.
Access to Capital - August 22nd
Join us to learn about the fundamentals of gaining access to capital for your business. You will hear about different funding options including equipment financing, SBA loan programs, business credit cards, and more. Experts from Chase will talk through business strategies for credit, planning for your credit needs, initial credit considerations, tools for identifying the financial health of your business, and credit application preparation.
Tuesday, August 22nd
Time: 11:30 AM - 1:00 PM
Location:  ICNC  - 320 N. Damen Ave.
Save-The-Date: Incubator Open House September 20th
ICNC will once again be showcasing the Incubator and the businesses in it, along with making an exciting announcement about branding the Incubator, during our open house on September 20th. Afterwards, ICNC will be hosting a BBQ on the dock for networking and socializing. Stay tuned for more information!
Member Spotlight  Huron Paper Stock
After 48 years, Howard Schneider of Huron Paper Stock is passing control and ownership to his son, Eric. Huron Paper provides waste paper recycling services for Chicago area businesses since 1955. Once HPS has picked up the paper, it is sorted, compacted, and sent to paper mills around the world where it is re-pulped into recycled paper products.

HPS has been an ICNC member for decades and we would like to recognize and congratulate Howard on a successful career and wish Eric the best of luck as he leads HPS into the future. As ownership is passed to Eric, the company becomes a third generation family-owned company. Learn more about Huron Paper Stock and see our conversation with Howard and Eric here
Upcoming Food Workshops
The Hatchery, a collaboration between ICNC and Accion Chicago to bring education, capital, and support to the Chicagoland food entrepreneur community, has upcoming food workshops.  
Technical assistance to food entrepreneurs made possible by our sponsors Bank of America and the United States Small Business Administration.
Make City Small Business Pitch Event
In collaboration with Groupon, ICNC celebrates its 50th year by promoting Chicago small businesses and hosting the Make City Small Business Pitch Event.  The top 5 finalists will pitch their ideas on October 5th in front of a live audience!

Thursday, October 5th
Time: 3:00 PM - 5:30 PM
Location: ICNC - 320 N. Damen Ave.
       Minimum Wage & Paid Sick Leave Changes
The City of Chicago's minimum wage will increase to $11 an hour starting July 1st. The raise is part of the city's planned phase-in process from 2015 to 2019. The new Paid Sick Leave Ordinance is effective July 1, 2017. Employees who work at least 2 hours per week while physically present within the geographic boundaries of the City, and who work at least 80 hours within any 120-day period, will accrue 1 hour of Paid Sick Leave for every 40 hours worked. See more details here
ICNC is on Amazon Smile!
Do you shop on Amazon? Of course you do! Visit, search for "Kinzie Industrial Development Corporation" and choose us as your preferred organization. Shop and have 0.5% of the price of qualified items automatically donated by Amazon to ICNC's charitable organization to support small businesses!
Development Opportunities
Small Business Administration (SBA) Webinars: The U.S. Small Business Administration hosts webinars nearly every day on a wide variety of topics related to small business. See the calendar here .

IRS Webinars: The IRS periodically holds local and national webinars with helpful advice regarding tax season and owning a small business. Take a look at the schedule here.

Business Workshops:  The Department of Business Affairs & Consumer Protection (BACP) offers workshops free every Wednesday and Friday. Workshops vary each month and are conducted by city officials, experts, and partner business organizations. View the business workshop calendar  here .
Receive Money Back For Hiring
Receive money back for hiring full-time Chicago residents! ICNC has received funds through TIFWorks 50/50, an employee training reimbursement program issued by the City of Chicago. Applications are currently being accepted. Applicants must be located within the Kinzie Industrial TIF District boundaries. All training must be pre-approved by the City. For more information, contact Hannah Jones at
Available Incubator Space
Enjoy a thriving entrepreneurial community and immediate access to ICNC's advising, export, and advocacy services.
Click here to view the available spaces.    
Monthly Alderman's Meeting
Every month ICNC hosts a breakfast with 27th Ward Alderman Walter Burnett, Jr. to discuss issues with crime, infrastructure, zoning, and other topics. For more information, please contact Hannah Jones at
Member Announcements
ICNC Newsletter and Website -  ICNC members who have an announcement, special promotion, or media attention can have it included in our monthly newsletter. Send all relevant information and links to Michelle Collett at
For more information, call 312-421-3941 or email .