2005 - Rogers Park Business Alliance
Transcription
2005 - Rogers Park Business Alliance
Journal www.devcorpnorth.org fall 2005 Howard, Morse Rogers Park: The perfect revitalization location for small businesses plan ready for implementation The Rogers Park community will soon have a plan to help guide the revitalization of Morse Avenue and Howard Street. Over the last year, DevCorp North, a steering committee of local residents, and many other interested Rogers Parkers have been working with consultants from the City Design Center at the University of Illinois at Chicago and the Northeastern Illinois Planning Commission to develop a commercial corridor revitalization plan for Morse Avenue and Howard Street. The plan is now in the final stages of editing. The recommendations will soon be available on the DevCorp North Web site (www.devcorpnorth.org.) The goal of this process has been to develop specific recommendations based on the concerns of local residents, business owners and community leaders that would result in a coordinated implementation strategy to revitalize our commercial districts. Gathering community input has been a vital component of the process; information was collected through shopper surveys, business surveys, interviews and three well- attended public meetings. The plan is now in the final stages of editing. The recommendations will soon be available on the DevCorp North website, so that the entire community will be able to see the vision that has evolved from the process and those interested will be able to track the progress of implementation. The recommendations are divided into five different categories, including: Retail Shopping Mix, Aesthetic Design, Safety, Community Development, and DevCorp North, in conjunction with SSAs #19 and #24, recently hosted 2 wellattended presentations for approximately 15 prospective businesses owners, highlighting some of Rogers Park’s greatest business assets for small businesses. The Business Attraction Campaign is the first step in implementing the Commercial Corridor Revitalization plan (see adjacent article). Some of the topics included key market information, Rogers Park’s spending power, information about the regional trade area and retail potential for restaurants, apparel stores and food stores. The old adage “location, location, location” applies to businesses as much as it does to real estate. As a place to do business, Rogers Park has a lot to offer. Maybe you already know it’s the most diverse community in the City of Chicago, or that it’s the only north side community in Chicago where you can walk directly to the beach. But prospective business owners should also know Rogers Park as a community that is three times as dense as the City of Chicago, with twice as much money being spent per square mile than in vibrant commercial areas like Bucktown/Wicker Park or Lincoln Square, as was highlighted in the Summer issue of the Journal. Rogers Park can also be thought of as the heart of a dense region. The population within three miles of the intersection of Morse Avenue and Clark Street is almost the size of St. Louis, with a median income that is $5,000 higher than Bucktown/Wicker Park or the average for the City of Chicago. An estimated $5.7 billion will be spent on consumer goods by the residents of this region in 2005! This is significant because a three mile radius is often considered a convenient 10-12 minute drive to make retail purchases. Spending potential is only one side of the story. Another equally important piece of information is what happens to all of that spending potential. One way to estimate where consumer spending goes is to compare local sales figures to the amount local people spent on retail goods. The difference between the two is called leakage. Leakage provides an estimate of how much money is spent by local residents outside of the local area. Given that most people would prefer to shop close to home, leakage continued on page 13 continued on page 3 Kimberly Bares, DevCorp North Executive Director, addresses potential Rogers Park business owners. 1448 W. howard st., chicago, il 60626-1427 phone 773.508.5885 fax 773.508.9488 www.devcorpnorth.org DevCorp North Contact Information (773) 508-5885 fax (773) 508-9488 www.devcorpnorth.org Kimberly Bares Executive Director kbares@devcorpnorth.org Daniel Butt Project Coordinator dbutt@devcorpnorth.org Rene Camargo Community Development Coordinator rcamargo@devcorpnorth.org Amy Campbell Commercial District Planner acampbell@devcorpnorth.org Sandi Price Director of Operations sprice@devcorpnorth.org Mark Somen Director of Maintenance msomen@devcorpnorth.org DevCorp North Board of Directors Eric Waggoner President Gustavo Giraldo 1st Vice President Rich Aronson 2nd Vice President Dorothy Gregory Secretary Ailisa Herrera Treasurer Directors Glen Brooks Tommy FitzGibbon Phil Greiner Laurene Huffman Michael James Mark Kruse Stephen Maduli-Williams Kevin O’Neil Susanne Roubik Tina Winger 2 FALL 2005 devcorp north journal Facade rebate program works in Rogers Park Over the last five years, several Rogers Park businesses have participated in the City of Chicago’s Façade Rebate Program. Administered by DevCorp North and the city’s Dept. of Planning and Development, this program offers rebates to eligible commercial and industrial businesses and property owners who are willing to complete façade rehabilitation projects. The program is significant because it helps strengthen and enhance the city’s neighborhoods. In Rogers Park, improving the appearance of building façades impacts the attractiveness and overall marketability of the area. Andy Patras of Universal Realty Group, said the program helped “grab a few tenants and reduce vacancies for our buildings.” Patras manages two commercial properties with four storefronts on Howard Street and has already completed one façade rehab. The total project cost $95,000 and the rebate totaled $35,000. Patras stated that the City was easy to work with and he was happy with the improvements. The program worked so well for his building that he has already submitted an application for another façade rehab project on Howard Street. The owners of the Morse Fruit and Meat Market will install a new awning and sign using the program. Improvements will also be seen along Morse Avenue. Pete Pappas and George Theoharis, co-owners of the Morse Fruit and Meat Market, have applied to the program to make considerable changes to their storefront. A 12-foot awning with “Morse Fresh Market” and a digital board to highlight promotions will replace the current façade. The price tag for the signage alone will exceed $75,000. The design improvements will give the store more pronounced visibility and a more inviting aesthetic appeal. The two owners purchased the business eight months ago and run their business with a focus on quality and service. The City of Chicago has been offering the Façade Rebate Program for more than 20 years, and today, more businesses are expressing an interest in the program. According to Teresa McLaughlin, Program Coordinator of the program, businesses are taking advantage of the program now that there is no longer a $5,000 cap per storefront, and businesses are doing far more extensive work than in the past. Business owners can invest more into their properties and receive greater rebates through the program – making it a much more attractive incentive. From 1997 to 2004, in Rogers Park and surrounding communities, 60 façade rebate continued on page 13 Howard, Morse revitalization plan continued from first page Transportation. Visit the DevCorp North Web site for more information about each recommendation, learn about the commu- shape the future development of Howard Street and Morse Avenue so that it they meet the needs of the community. nity-determined priorities and track the implementation of the recommendations. This will be a great opportunity to Community members discuss neighborhood assets. FALL 2005 devcorp north journal 3 See what Rogers Park has to offer By Kimberly Bares In this issue, you'll read about exciting new plans and projects that DevCorp North is implementing in Rogers Park. But what do you do in between newsletters? The answer? Go to our newly expanded and updated website for your daily fix. At From the w w w. d e v c o r p Executive Director north.org, you can find information about local events, new developments, business specials and sales, upcoming community projects and meetings and links to other local community groups and elected officials plus resources like the City of Chicago's Small Business Wizard and national advocacy and research organizations such as the American Planning Association. Have you read recently about the explosion in weblogs on the internet? Well, we've had a weblog for over two years and we update it every day! You'll also be able to access all the materials, statistics and information that we presented to potential business owners and entrepreneurs in August. Want to know about retail potential in Rogers Park? Click on “Retail Potential” on the home page and click on either restaurant, apparel or foodstores for specific niche data. Ever wonder how we compare to other community areas and regions? Click on “Regional Trade Area” and compare the Rogers Park regional trade area with that of Bucktown/Wicker Park. In “Key Market Information,” we compare Rogers Park with Edgewater, Lincoln Square and B u ck t o w n / Wi ck e r Kimberly Bares Park, and we come out on top in consumer expenditures in all three categories of food, apparel and grocery. Now we've got to spread the word that there is tremendous business opportunity in Rogers Park. DevCorp North will continue to conduct new business attraction presentations and we'll also be reaching out to businesses and entrepreneurs that would be a good fit for the neighborhood. Know a business that ought to be in Rogers Park? Let us know - we're happy to make the pitch! Private security patrols the Clark-Morse SSA On July 1, North Central Security began patrolling within the Clark-MorseGlenwood Special Service Area (SSA# 24) to improve public safety. The security company concentrates on trouble spots identified by residents and merchants. The off-duty police officers rotate between foot patrols and riding in the car. At the request of the merchants and residents, the security company has been attentive to the loitering problems at the El station on Morse Avenue, the corner of Morse and Wayne, the areas around Morse and Glenwood, the areas around Clark and Pratt, Clark and Wallen, Clark and Estes, and Clark and Touhy, including Lunt and Glenwood. During the month of July, North Central 4 FALL 2005 devcorp north journal Security visited some of the local merchants to discuss which areas may need more attention. Off-duty Chicago cops work streets in threemonth trial period. The schedule for the patrol changes every week and shifts are rotated according to police activities within the SSA boundaries. The security patrol has been focusing on deterring loitering and creating a more positive atmosphere in the commercial districts. The officers attended the August CAPS 2431 beat meeting to talk with residents and business owners and discuss the security patrol operation. Communication with the 24th Police District is ongoing and an activity log is submitted to 24th District Police Cmdr. Bruce Rottner on a weekly basis for maximum effectiveness. After a three month trial period the results will be reviewed. The ways in which it has contributed to building a more positive atmosphere in the Clark-MorseGlenwood SSA #24 area will be evaluated and a decision will be made as to whether funding for the program will be continued. FALL 2005 devcorp north journal 5 6 FALL 2005 devcorp north journal Spotlight on The Side Project The Side Project Theatre Company’s 2005-06 Season to Feature World and Chicago Premieres “The future of Chicago theater is in Rogers Park, in a tiny, unremarkable storefront.” So said Windy City Times reviewer Rick Reed. Reed made his proclamation in his year-end wrap-up of the best shows of 2004, in which he named the side project's production of Maggie: A Girl of the Streets among his five most memorable shows of the year. Reed was not alone in his praise. Hedy Weiss of the Sun-Times, Jonathan Abarbanel of WBEZ and Windy City Times, and Venus Zarris of Gay Chicago Magazine also listed the four-year old theatre company's barebones production among its “Best of 2004” lists. The company continues the momentum in its upcoming season, starting with Bertolt Brecht's Galileo, running September 15 to October 15, 2005, in the tiny confines of the side project's resident theatre space, The Side Studio, at 1520 W. Jarvis. For tickets and information, call 773-973-2150 or visit www.thesideproject.net. This Season The company will follow up Galileo with the Chicago premiere of two renowned plays: British playwright Sarah Kane's Crave and Lee Blessing's Thief River. In addition, they will present the world premieres of local playwrights Sean Graney (Porno), Stephen Cone (Henry Hettinger), and Jesse Weaver (Sweet Pretty Love Jam). They will also present six new works in progress in their fourth annual Harvest staged reading series and hold another spring/summer one-act festival (see sidebar). The world premieres, Harvest staged reading series and the annual one-act festi- year are world premieres, Artistic Director and Rogers Park resident Adam Webster said. Despite the fact that they are not as financially successful, new works are of paramount importance to Webster. “It is impor- Maggie (Danielle O’Farrell) and Pete (Sean Bolger) share a moment of courtship before the world closes in, in last year’s “Maggie: A Girl of the Streets,” adapted by Artistic Director Adam Webster from the Stephen Crane novella. val, encompass the “new works” mission of the company, which has the goal of making sure at least 2/3 of their productions each tant to me that we continue to foster new, distinct, innovative theatrical voices, from actors to directors to playwrights. To me, continued on page 12 SEASON SCHEDULE The Rogers Park-based theatre company the side project recently announced its 200506 season, which will include three world premieres, one classic, and two Chicago premieres of internationally renowned playwrights, as well as its annual oneact series and staged reading development series. Galileo, by Bertolt Brecht The world of religion vs. a man of science. September 15-October 16, 2005 Crave, by Sarah Kane A disturbingly beautiful, provocative look at love's assault on the wholeness of the self in a bleak, but uplifting, world. October 27-December 4, 2005 Harvest IV: New Works Festival Annual festival of staged readings of new works by local playwrights. November 2005 Thief River, by Lee Blessing Two men and their 53-year relationship shaped by a dark and violent event in their youth that forever draws them together. January 5-January 29, 2006 Henry Hettinger, by Stephen Cone A man returns to a world that might not still want him, and to a life that he may or may not want. February 16-March 19, 2006 Sweet Pretty Love Jam, by Jesse Weaver A look at dysfunctional siblings, and the sister's new love. Spring 2006 Porno, by Sean Graney A man's attempt to remake Dido at Carthage - and to keep the wolves at bay May 14-June 11, 2006 An Evening of One Acts Our annual installment of world, U.S., Midwest and Chicago premieres all addressing a single theme. Summer 2006 All shows will take place at 1520 W Jarvis Ave. Shows typically run Thursday through Saturday evenings at 8 p.m. and Sundays at 2 p.m. or 7 p.m. Tickets are $15 general; $10 seniors/students and artists; and 2-for-1 on Thursdays. Season tickets are available at over 33% off the regular price. For more information on the upcoming season or past shows, visit www.thesideproject.net or call 773-9732150. Mention of this article will get you $3 off your first show at the side project, or an additional $5 off season tickets. FALL 2005 devcorp north journal 7 8 FALL 2005 devcorp north journal Spotlight on new & renewing members Welcome to all our new and renewing members! 49th Ward Alderman Joe Moore, 7356 N. Greenview Avenue, (773) 338-5796, ward49@cityofchicago.org. Elected official. Access Evanston-Rogers Park Family Health Network, 1555 W. Howard Street, (773) 7647146, kmcg60@aol.com. Family healthcare. Amber Automotive, Inc., 7523-25 N. Wolcott, (773) 262-1094. Automobile repair. Kimberly Bares, individual. Bar-B-Que Bobs, 2055 W. Howard Street, (773) 761-1260. Restaurant. Beck’s Book Store, 6550 N. Sheridan Road, (773) 743-2281, lls@becksbooks.com, becksbooks.com. University/community book store. Harbor House Publishers, Inc., 221 Water Street, Boyne City, MI, (231) 582-2814, harbor@harborhouse.com, harborhouse.com. Publishing. yvonne@yvonnecarns.com, yvonnecarns.com. Real estate. Harris Bank, 6538 N. Sheridan Road, (773) 381-7000, karen.corral@harrisbank.com, harrisbank.com. Financial institution. Rogers Park/West Ridge Historical Society, 7344 N. Western Avenue, (773) 764-4078, rphistory@aol.com, rpwrhs.org. Historical museum. Hispanic Housing, 325 N. Wells Street, (312) 443-1360, proldan@hhdevcorp.com, hhdevcorp.com. Developer. Romanian Sausage Company, 7200 N. Clark Street, (773) 761-4141. Kosher deli. Humor Solutions, 1260 W. Pratt, (773) 4908699, humorsolutions@aol.com, humorsolutions.com. Entertainment. Burton Reif, individual. S.W. Furmanek, DDS., 6355 N. Broadway Avenue, (773) 764-3682. Dentist. Jean Shepherd, individual. i-go Car Sharing, 2125 W. North Avenue, (773) 269-4011, Richard@igocars.org, igocars.org. Hourly car rental alternative. Sima Kirsch, P.C. – Alex Ogoke, 1954 W. Irving Park Road, (773) 305-0618, alexogoke@sbcglobal.net. Attorney at law. Mickelson Brothers, LLC, 1151 N. State Street, (312) 787-3703, julian@mickelsonbrothers.com. Mickelsonbrothers.com. Real estate development. Skylight Wellness, 1220 W. Morse Avenue, (773) 856-6091, brian.chambers786@rcn.com, skylightwellness.com. Massage therapy. Daniel Butt, individual. Committeeman David Fagus, 7356 N. Greenview Avenue, (773) 973-4949, davidfagus@49thward.com. 49th Ward Democratic Committeeman. Cook County Commissioner Larry Suffredin, 820 Davis Street, Suite 104, (847) 864-1208, larry@suffredin.org, suffredin.org. Cook County Commissioner. Curves, 7300 N. Western Avenue, (773) 3380255, curvesinternational.com. Fitness for women. George Pappas General Construction, 1516 W. Pratt Avenue, (773) 761-3840, fgeo321@sbcglobal.net. General construction. Goldie’s Place, 6230 N. Clark Street, (773) 2741212, johanna@goldiesplace.org. goldiesplace.org. Supportive center for the homeless. Northside Catholic Academy, 5525 N. Magnolia Avenue, (773) 271-4310, kerickson@northsidecatholicacad.org, northsidecatholicacad.org. Private school. Stamp Graphics, 1941 W. Fulton Street, (312) 421-0293, Mario@stampgraphics.com, stampgraphics.com. Printing company. Arthur Strobeck, individual. Tamara O’Leary, individual. Eva Annette Strobeck, individual. Bill Paige, individual. Timmothy Allan & Associates, 1400 W. Devon, (773) 551-5591, Michael.pond@timmothyallan.com, timmothallan.com. Real estate. Pioneer Press Newspapers, 7331 N. Lincoln Avenue, (847) 329-2000, msperling@pioneerlocal.com, pioneerlocal.com. Community newspaper. Sandi Price, individual. Darnell Williams, individual. For a full list of members, visit us at out web site: http://www.devcorpnorth.org/members/members.php. RE/MAX NorthCoast Realty – Yvonne Carns, 1225 W. Morse Avenue, (312) 685-8668, Graffiti prevention tips There has been a rash of graffiti/acid etching of the windows in the Rogers Park community over the last several months and it is creating concern for merchants and property owners. As the cost of glass replacement can be significant, DevCorp North has taken these concerns very seriously and sought a solution to this problem. After months of research on this issue, we have obtained information on a product designed to protect the glass from being permeated. The new product, designed by the 3M Corp., will not allow anything to etch the glass surface. The product is a sheet-like material that must be professionally installed, is virtually invisible, and can repel the most common forms of graffiti (hydrochloric acid) with a garden hose. The cost of this product is very reasonable, at $7 to $8 per square foot; this translates to approximately 1/3 the cost of glass replacement and comes with a five-year product failure warranty. For more information regarding this valuable service, contact DevCorp North at (773) 508-5885 or visit our Web site, www.devcorpnorth.org. FALL 2005 devcorp north journal 9 10 FALL 2005 devcorp north journal CALENDAR OF EVENTS Saturday, September 17 - 11 a.m. to 5 p.m. World Music Fest. In Gale Park at Howard and Ashland. Sponsored by DevCorp North, SSA #19. Presented by Wisdom Bridge Arts Project. Sunday, September 25 - 2 p.m. - St. Scholastica Academy's 11th Annual Women for the World Award will be presented to Mia Hamm. St. Scholastica Academy (7416 N. Ridge). For more information, call (773) 7645715, x363 or visit www.scholactica.us. Wednesday, September 28 - 5:30 to 8:30 p.m. - Rogers Park Business and Artists Networking Group meeting. Duke's Bar Grand Opening (6920 N. Glenwood). Meetings held the last Wednesday of each month (locations change monthly). $10 includes food and fun. Saturday, October 8 - 8 a.m. - Heartland Athletes United for Peace, Free Street Sprints on Glenwood - 50 Yard Dashes. Heartland Café (7000 N. Glenwood). Fatback@aol.com for more information. Wednesday, October 12 - 7:30 to 9 a.m. Rogers Park Business and Artists Networking Group breakfast meeting. Meetings held every second Wednesday (locations change monthly). $6 includes breakfast and tip. Friday, October 14 and Saturday, October 15 Grand Opening Party at Lake Side Café & Inner Metamorphosis University (1418 W. Howard). Music, Dancing, Food and more. For more information, call (773) 262-9503 or visit www.Lake-Side-Café.com vegetarian café, serving organic where possible or www.lifesurfing.com a place to inquire into oneself, classes, retreats and more. Saturday, October 22 - 6:30 p.m. - Spirit of Rogers Park Awards. Rogers Park Community Council's 53rd Annual Benefit. Simpson Living Learning Center, Loyola University, Chicago, 6229 N. Winthrop. Wednesday, October 26 - 5:30 to 8:30 p.m. Rogers Park Business and Artists Networking Group meeting. Meetings held the last Wednesday of each month (locations change monthly). $10 includes food and fun. Wednesday, November 9 - 7:30 to 9 a.m. Rogers Park Business and Artists Networking Group breakfast meeting. Meetings held every second Wednesday (locations change monthly). $6 includes breakfast and tip. Sunday, November 13 - 8 a.m. - Heartland Athletes United for Peace, 5k run. Heartland Café (7000 N. Glenwood). Gather at the Heartland Café, walk to Loyola Park, do a 5k on a measured course, and return to the Heartland's Red Line Tap for food, awards, gifts and camaraderie. Entry fee $25. Fatback@aol.com for more information. Saturday, December 31 - Heartland Athletes United for Peace, 5k run. Heartland Café (7000 N. Glenwood). Gather at the Heartland Café, walk to Loyola Park, do a 5k on a measured course, and return to the Heartland's Red Line Tap for food, awards, gifts and camaraderie. Entry fee $25. Fatback@aol.com for more information. FALL 2005 devcorp north journal 11 Spotlight on The Side Project there is no point in doing yet another revival of a play you can see anywhere else, unless we are going to say something new with it: be it a new adaptation, or a new interpretation, informed to a great extent by our tiny space,” Webster explained. After seeing last season's one-act festival, Tail Eats Snake, Tim Sauers of GayChicago Magazine called it “an important contribution to the development of new works, new voices in the theatre.” Critics' praise In reviewing Maggie, Venus Zarris of GayChicago Magazine said the side project was “a theater company to follow and support as they break new ground and set impressive standards” and Reed has tagged the company as “fast becoming the theatrical little engine that could on the far North side.” Zarris also referenced a story by drama critic Terry Teachout, whose October 2004 article in the Wall Street Journal on Chicago Theater praised the likes of Court Theater, Chicago Shakespeare Theater and the Porchlight Musical Theatre Company. Zarris lamented that “he didn't have time to investigate the brilliant and off the beaten track 12 FALL 2005 devcorp north journal continued from page 7 venues where there are amazing treasures to behold, like at the side project.” The space has been visited by WTTW's Wild Chicago, WBEZ's Jonathan Abarbanel and the Sun-Times' Hedy Weiss, who featured last August's one-act festival Tail Eats Snake on her WTTW show. Reed furthered that the side project “represents what's best about Chicago's tradition of tiny storefront theater that's rich in quality” and intoned readers to “make the trip to Rogers Park and see what can happen when creativity, intelligence, economy, and drive combine to create art.” With all of the recent press, Webster said the theatre is gaining a little more visibility in the greater theatre community, which he hopes will drive more theatergoers to the area. “Building momentum for the theatre has been difficult, since it is so far north,” Webster said, “but the neighborhood has embraced us, and now we just need the rest of Chicago to embrace the neighborhood.” Webster said he chose Rogers Park because when he visited the 1520 W. Jarvis location, he liked the landlord, locale and the fact that it fit his budget. However, it being only 800 square feet, the building cannot house both rehearsals and after school classes, which was an original part of the business plan. So, the theatre company had to take precedence, Webster said. “But I have the curriculum outlined, which was an intensive, but rewarding process, and hope that someday implementing it becomes a reality,” Webster said of the K-12 program that stresses performing, writing, reading and movement. A couple of years ago Webster did get to lend support to an area after school program, when he was approached by Live Bait Theatre to use the Side Studio as a satellite site for their successful Cop Teen Link program. In it, Chicago police officers and area youth meet weekly with an instructor to play theatre games and improvisation exercises. “I had seen a performance of the Police-Teen link at the prior year's Abbie Hoffman Festival,” Webster said, “and was blown away by the wonderful execution of such a simple idea. So, when they came to me to see if they could use the space for it, it was a no-brainer.” Rogers Park: perfect for small businesses continued from first page also provides an estimate of the opportunity that exists to capture some of that spending potential locally. There is a significant amount of opportunity for new and expanded retail in Rogers Park. Within one mile of Clark Street and Morse Avenue there is an estimated $728 million of retail sales leaking out of the neighborhood. This number jumps to $2.6 billion in leakage within 3 miles, or approximately 12 minutes driving time, of Clark Street and Morse Avenue. If given more incentive to shop locally some of this spending potential could go a long way to support new local businesses, and help our existing businesses grow. So there is money and there is opportunity, but what about the bottom line? In terms of business expenses, rent is one of the most important factors for any business, and it varies greatly from one neighborhood to the next. The average rent is significantly lower in Rogers Park than in many other neighborhoods. In fact, the average rent for current vacancies in Rogers Park is $7 per square foot lower than Bucktown/Wicker Park and $3 per square foot lower than Lincoln Square. Personnel cost and availability are also important factors. Rogers Park is home to a well- educated population that is supplemented by students from nearby Loyola University Chicago and Northwestern University. Both employees and patrons can easily reach Rogers Park by our many public transit options and the community is situated close to several major arterial roadways. In fact, 12% more Rogers Park residents commute by public transit than the average for Chicago because it is so convenient. All of our major commercial areas are directly accessible by CTA or Metra trains and all of them can be accessed by CTA buses. This means it’s easier for employees to get to work and patrons to visit their favorite Rogers Park retail destinations. Other local assets include a youthful, income diverse population that is spread evenly through the community. A large percentage of the population is in the prime age bracket of 18 to 44 years old, 9% more than the average for Chicago and only 2% less than Bucktown/Wicker Park. Most retailers know that this group likes to spend a lot and save a little. Additionally, almost a third of Rogers Park residents have an annual household income of over $45,000. These are patrons that shop more frequently, especially at restaurants and on apparel items. Higher income residents are spread fairly evenly throughout the neighborhood, so that any particular business is surrounded by a dense and income diverse population. Finally, there are countless intangible reasons why Rogers Park is a good place to do business. The eclectic mix of people from over 82 different countries, the local beaches, good quality housing and an active community are just a few. For more information about retail market information, such as what Rogers Park residents spend their money on and how much potential exists in different markets, visit our website, www.devcorpnorth.org. Facade rebate program works in Rogers Park continued from page 3 projects were completed out of 149 applications submitted. During this time period, 257 projects were completed in the city overall. Thus, 23% of the façade rehabs were completed in and around Rogers Park. This is a good indication that Rogers Park businesses are willing to invest and contribute to the beautification of their neighborhood and commercial district. The City offers two programs; the Community Development Block Grant (CDBG) Façade Rebate Program and the Corporate Façade Rebate Program. The CDBG program is federally funded and available for commercial and industrial properties located within low- to moderateincome census tracts. The CDBG program excludes Small Business Improvement Fund program areas and Central Business District areas. The corporate program is city funded and is available for areas that are not low- to moderate-income, but are within a delegate agency’s service area. DevCorp North, the business, community and economic development corporation in Rogers Park is a delegate agency for the Dept. of Planning and Development, and as such, any property located in Rogers Park and portions of West Ridge from Ridge Boulevard to Western Avenue, between Howard Street and Devon Avenue qualifies for one of these programs. The program provides rebates for various façade rehabilitation activities, including complete façade renovation, exterior lighting, new signs, graphics, windows, doors, window displays and awnings, passive security and energy conservation systems and truck docks. Under the CDBG program, industrial buildings are eligible for a rebate of 50% of approved costs up to $40,000 for the total project. Commercial retail buildings are eligible for a rebate of 75% of approved costs up to $40,000 for the total project. Under the corporate program, all qualified buildings are eligible for 30% of approved costs up to $24,000 for the total project. New construction is not eligible. All applicants must install a minimum of $2,000 in façade improvements to be eligible for the program. Applications for Rogers Park buildings are available at the DevCorp North office at 1448 W. Howard Street. The Façade Rebate Program is only one of several incentive programs geared for businesses within the City, including a host of incentives for businesses within Tax Increment Finance Districts (TIF), Enterprise Zones and Empowerment Zones. Because the city encourages projects that encourage business development many financial incentives are available, including but not limited to: micro loans, CD float loans, and industrial development revenue bonds. For more information on these programs and others, contact the City of Chicago by calling 311 or visit www.cityofchicago.org. FALL 2005 devcorp north journal 13 Planning for success in business If you fail to plan, you plan to fail. Ring a bell? Business owners and entrepreneurs overwhelmingly fail to plan for their new business, relying instead on gut instincts, vision and their belief that the business will be wildly successful. Unfortunately, statistics on small business success don't support that kind of naïve enthusiasm: The failure rate for new businesses is between 70% to 80% in the first year. Only about half of those who survive the first year will remain in business for the next five years. So, how should you go about planning for your next business venture? First, be clear about your business purpose, clientele and customer profile. Are you going to be a new shoe store? Are your customers looking for high-end designer shoes or inexpensive knock-offs? Consider selling related items, such as purses, socks and belts. Don't become too diluted by adding unrelated items or services, though, like books or massage. That will only confuse your customers. Next, focus on a location that supports your proposed customer base. If you sell furniture, plan on getting a store that has a lot of parking nearby and a loading zone. If you sell coffee, make sure people have a place to park for a couple of minutes while waiting for their latte. If you will do most of your business over the phone as an insurance rep or attorney, then you might not need storefront space or much parking. Now that you know what you're going to sell, to whom and where, you need to know your competition. Why will people 14 FALL 2005 devcorp north journal buy from you versus your competitor? Identify your competition and why your product or service is superior. Maybe you'll offer the best price, the best selection, the highest quality or the most convenient hours and location. Whatever it is that makes you special, claim it, name it and market it. Now spread the word to potential customers. How will you reach them? Does your marketing plan rely on just word of mouth or people noticing your business sign or new store? Create a marketing plan, even if it's just a list of the various means that you will use to attract customers and Create a marketing plan, even if it's just a list of the various means that you will use to attract customers and the dates by which you'll do each of them. the dates by which you'll do each of them. Examples of marketing methods include fliers, newsprint or radio advertising, direct mail pieces, and internet marketing. Consider the role that your website will play. Is it easy to navigate? Does it commu- nicate a clear and compelling message? Does it contain the information people need in order to make a decision to purchase a product or service from you? Can people buy your product online? Finally, do the numbers. How many people do you need to service, how many items do you need to sell per day, week, month, year in order to stay in business? You probably won't make a profit for several months, maybe even a year or two if you open a restaurant. Do you have enough reserves personally and in the business? How will you pay for the start-up costs, equipment and furniture? Do you have a line of credit or bank loan? You'll need to create profit and loss statements and cash flow projections in order to convince a bank to make a loan to you, so take your time with this part. An accountant or bookkeeper can come in handy for this section. And lastly, make sure that your business plan is simple, specific, realistic and complete. It's meant to help you decide whether or not the business is practical and feasible, and it needs to be based in reality. With good planning, your dream of becoming a business owner can come true and your business can succeed. More information and assistance is available from the Small Business Administration ( www.sba.gov ), SCORE ( www.score.org )and the Illinois Dept. of Commerce and Economic Opportunity (www.commerce.state.il.us/dceo/ ). FALL 2005 devcorp north journal 15 NON-PROFIT ORG. U.S. POSTAGE PAID CHICAGO, IL PERMIT NO. 6482 This publication was funded in part by the City of Chicago Department of Planning and Development TABG Program and does not necessarily represent in whole or in part the viewpoints of the Department of Planning and Development. 16 FALL 2005 devcorp north journal
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