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FULTON- CARROLL
CENTER INCUBATOR
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NBIA's
2006 Incubator of the Year
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ICNC SERVICES
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Accomplishments
Corridor-wide
Programs
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Provided Over
1,000 hours of in-depth, one on one business counseling and
technical assistance.
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Placed over 500
job seekers in positions with Kinzie employers; arranged almost
1,000 employer interviews with prescreened job candidates
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Provided
technical assistance for debt and equity deals valued over
$4,500,000, including SBA and State of IL Guaranteed Loans.
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Provided over
$300,000 in job training funds to local companies for workforce
development
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Awarded the 2003
Community-Building Not-for-Profit Agency of the Year at the
Chicago Neighborhood Development Awards
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Awarded the
Community Partnership Award from the 13th Police District
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Worked with over
250 companies in 2004 to provide information on City of Chicago
services and programs, arrange meetings with City officials and
guide companies through various government processes
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Subsidized
$35,000 of training provided by Kinzie Corridor companies to
employees through matching grants funded by the State of IL
funds; also assisted local companies in applying for TIFWork
grants which fund 100% of training (putting the Kinzie Corridor
in first place in terms of receipt of TIFWorks funds)
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Assisted 30
companies in evaluating their energy costs through subsidized
energy audits and state-sponsored design assistance
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Facilitated
workshops, seminars and networking events: focusing on such
areas as
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Patents
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Business plan development
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Accessing capital – equity and debt
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Strategic planning
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Human resource & employment Law
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Marketing & public relations
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Health Care Cost Containment
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Financial reporting/minimizing taxes
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Employee benefits
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Workforce development
Fulton-Carroll Center Small
Business Incubator

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Welcomed more than
40 new
start-up companies to the Fulton-Carroll Center Incubator in the
past 2 years
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Implemented a $3.25 million
Capital Improvement Plan-replaced 680 windows, repaired and
improved common areas, repaired roof, and implemented various energy efficient
measures.
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Increased occupancy
to more than 90%
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Revitalized Business Assistance
Program for new businesses
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Supported tenant group in planning and hosting the "Kinzie
Krawl" networking event, attended by over 200
people.
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