Some Landlords Keep Their Storefronts Empty For Years — And Get Tax Breaks For It. Business Leaders Want To Change That
Small business advocates want to limit the tax breaks property owners can get on vacant storefronts. On 79th Street, three in five storefronts were vacant as of last year.
Revitalization in the News: Chicago Recovery Plan Funding Available!
There’s still funding bids available through the City of Chicago and the Chicago Recovery Plan. “The Chicago Recovery Plan invests over $1.2 billion in new and existing initiatives. Over the lifespan of the Chicago Recovery Plan, there will be frequent opportunities to partner with Chicago organizations and we look forward to these partnerships.” The…
NRC Community Survey Has Been Extended!
Thriving commercial corridors and neighborhood business districts can support local communities across Chicago and Cook County. However, many commercial corridors are struggling. We are looking for your feedback and insight on how to revitalize and empower commercial corridors. Please take a moment to fill out this short survey so we can better understand the needs…
SUPPORT NEIGHBORHOOD BUSINESS DISTRICTS
SUPPORT NEIGHBORHOOD BUSINESS DISTRICTS BY REDUCING COMMERCIAL VACANCIES Struggling neighborhood business districts are often plagued by vacant properties. These commercial vacancies impact local economies, foster criminal activity and devastate communities. Local governments can reduce the property taxes owed by commercial property owners when their properties, or a portion of those properties, are vacant. While most…
