Nearwest News
In This Issue
Annual Boat Cruise
Tax Credit For New Jobs
Family Business
Food Workshops
Financial Expert Panel
Training Funds
Damen Green Line Stop
Member Spotlight
Article Headline
ICNC Turning 50!
Member News
Development Opps
ICNC Space Available
Quick Links
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June 2016
  ICNC Annual Boat Cruise - June 23
ICNC will be hosting its Annual Boat Cruise aboard the newly-improved Anita Dee II Yacht at Dusable Harbor. Connect with other ICNC companies as we cruise Lake Michigan while enjoying beverages and light refreshments.

Thursday, June 23rd
Time: 3:00 PM - 5:00 PM                               
Boarding begins at 2:30 PM
Location: Dusable Harbor -150 N Lakeshore Drive 
Cost: $45-incubator companies, $70-members, $85-non members
RSVP here.    
$2500 Tax Credit for New Jobs - June 30 Deadline
Have you created any new jobs since July 2012?  If you have created any new full-time salaried or hourly (for at least 35 hours/week) positions, you may be eligible for a $2500 credit against your state withholding taxes.  Any IL small business with no more than 50 FTEs across all locations is eligible.  New positions must be sustained for one year and pay no less than $10/hour.  In addition, any business that hired a 2010 "Put Illinois to Work" worker-trainee is eligible for a tax credit. For more information and to apply, click here.
Lunch and Learn: Family Business
Join a discussion on the unique challenges and opportunities facing family businesses. Bob Carmody of Diana's Bananas and Cathy Carroll of Legacy Onward will discuss the hard skills and soft skill dynamics that make family business leadership distinct.  Topics will include business strategy, succession planning, conflict management, and family business leadership.

Wednesday, June 15th
Time: 11:30 AM - 1:00 PM
Location: ICNC - 320 N Damen Ave.
Register hereBring your brown bag lunch.
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 on various topics from starting a food business to marketing your food business.
Go To Market Strategy - Wednesday, June 22
Starting a Food Business - Tuesday, July 5
Food Business Insurance - Thursday, September 15
Financial Expert Panel
Do you have financial questions but never enough time to ask them?
Questions such as:

How can I save time and money with direct deposit while providing a benefit to my employees?

Am I getting the most out of my merchant services?

Is my business banking account the right one?

What are my commercial loan options?

What should I be doing to plan for retirement?


Financial experts from First Midwest Bank will be available to answer your questions in an informal and stress-free environment with complimentary food and drinks. A free Merchant Service analysis is available if you bring in two months of statements. There will also be a drawing of four $25 gift cards!
Wednesday, August 10th
Time: 3:00 PM - 5:00 PM
Location: ICNC - 320 N Damen Ave.
Employee Training Reimbursement Opportunity
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 [email protected].
ICNC Locating Funds for Damen Green Line Station
As the Kinzie Corridor companies know, ICNC has been a strong supporter and activist for the construction of a Damen Green Line station at Damen and Lake for many years. Recently, ICNC has moved the effort forward through a series of meetings with government officials and the Chicago Transit Authority (CTA) to identify funding sources to bring the long-discussed Damen Green Line Station to fruition. For updates on the station progress or to assist with advocacy, contact Hannah Jones at [email protected].
Member Spotlight: Adam Siegel
Adam Siegel has been in the business of creating art for over 40 years. After graduating college, he applied for and received both an Illinois Arts Council Grant as well as a prestigious fellowship from the State of Illinois, launching his career in a dramatic fashion. He moved into the ICNC incubator because he wanted to be in a community where professionals were developing their business model and trying to reach a larger audience. He uses his space as a studio and showroom for his paintings and mixed media artwork.
Adam recently completed two projects with the Alinea Restaurant Group. One of his large paintings, titled "Boars Head", is in their new restaurant Roister. The other project, called The Progression, was an experimental restaurant that combined dining with art installations and was open for three weeks. He collaborated with Chef Grant Achatz, who gave him complete creative freedom to develop the art works for this project. Read more here.
Monthly Alderman's Meeting
Every month ICNC hosts a breakfast with 27th Ward Alderman Walter Burnett Jr. These meetings are an opportunity for area companies to discuss issues they have with crime, infrastructure, zoning, and other like topics. For more information on ICNC's monthly Alderman's meeting, please contact Hannah Jones at [email protected].
We Are Turning 50!
ICNC will be celebrating 50 years of helping small businesses grow next year!  We are kicking off the planning of the 50th year anniversary celebrations and would love to have your ideas and energy.  If you are interested in sharing some of your time and ideas with us to help us plan for next year, contact Jennifer Holmes at [email protected].
Member Announcements and News
ICNC Incubator company I-Net Sales is having a huge warehouse clearance sale Sunday, June 26, from 8:00 AM - 4:00 PM. Items to be sold include golf clubs, cookware sets, children's toys, electronics, Ralph Lauren polo shirts, and more.

The Garfield Park Community Council started a neighborhood market in Garfield Park selling produce and other products from local growers. The Market, located at Kedzie and Lake, features art and food vendors, music, food demonstrations, family-friendly activities, and more. They are looking for growers local food producers to participate. Click here for the vendor application.

The Digital Manufacturing and Design Innovation Institute (DMDII) invites you to join them at the UI LABS Innovation Center for two new and exciting events they will be hosting at our facility in the upcoming weeks. Click here for more information.

ICNC Newsletter and Website  -  ICNC members who have an announcement such as a new product launch or a special promotion can have it included in our monthly newsletter. Members with media attention can have the article link included on ICNC's 'In The News' section of the website. Send all relevant information and links to Dionne Moore at [email protected] by the last day of the month.
Development Opportunities   
10,000 Small Businesses: Goldman Sachs 10,000 Small Businesses is a no-cost program that provides business owners with practical business education, a supportive network of advisors and peers, and access to capital. Through the program, owners will receive the tools and support to develop a customized growth plan to take the business to the next level. The application deadline for the next cohort has been extended to June 17. The cohort begins September 2016. For more information and to apply, click here

Business Workshops: The Department of Business Affairs & Consumer Protection (BACP) offers workshops every Wednesday and Friday. Workshops vary each month and are conducted by city officials, experts, and partner business organizations. All workshops are free and open to the public. To view the business workshop calendar, click here.
ICNC Incubator Space Available    
Enjoy a thriving entrepreneurial environment and immediate access to ICNC's advising, export, and advocacy services. Click here to view more available spaces.  
For more information, call 312-421-3941 or email [email protected].

ICNC | 320 N Damen Avenue | First floor | Chicago | IL | 60612