Tag: Industrial businesses

Nine businesses apply to SBIF in North Branch South

The City of Chicago’s Small Business Improvement Fund (SBIF) is one of the best tools we have to foster economic development, add high-quality jobs, and strengthen businesses in our service area.

For these reasons, we’re thrilled that nine businesses located in the North Branch South TIF District, including Gabriel Environmental Services (pictured above), applied for a SBIF grant when the opportunity opened in March.

SBIF provides reimbursable grants to businesses for permanent building repairs and improvements. The program is open to commercial and industrial businesses. SBIF funds can be used to pay for storefront renovations, building systems, interior remodeling, and roof replacements.

Commercial businesses are eligible for grants covering 30%, 60%, or 90% of a project’s costs while industrial businesses with 200 or fewer employees can receive reimbursement for 50% of the cost of a building upgrade.

North Branch Works staff conducted extensive outreach for the program in the North Branch South TIF, including highlighting it in three e-newsletters, making phone calls, and sending emails and letters encouraging eligible businesses to apply.

Guild Row, previous SBIF recipient in the Addison South TIF District

It’s great that many of these businesses in the North Branch South TIF will receive grants; the strong interest in SBIF will help us make the case the City of Chicago should invest more money in the program in the next cycle.

Please keep in mind that North Branch Works’ low-interest Small Business Loan program can be leveraged so your business doesn’t have to find financing or divert working capital for your project. And in some cases, we may be able to make a loan greater than your SBIF award.

Because SBIF is reimbursable, businesses are required to pay for the project up front and then submit documents to SomerCor, the program administrator, to receive reimbursement.

In the past year, North Branch Works made a low-interest loan to a member business that received a SBIF grant; the business carried out its improvement project immediately and then repaid the loan when it received its SBIF grant.

SBIF continues to open in TIF Districts across the city every month. Some of the SBIFs that will open close to North Branch Works’ service area include:

  • Fullerton/Milwaukee in August 2021,
  • Western Avenue North in October 2021
  • Avondale in November 2021.

The next TIF District scheduled to open for SBIF in our service area is Addison South in March of 2022.

To see a full calendar of SBIF openings, please go here.

With questions about SBIF and North Branch Works’ Small Business Loan Fund, please contact Steve Simmons, 773-929-5552 x2226, steve@northbranchworks.org

Image credit: Gabriel Environmental Services

Image credit: Guild Row

Bigane Paving connects the Chicago region

Since 1985, Anne Bigane Wilson has led Bigane Paving, a fourth generation-owned asphalt company, turning it into a major asset in the Chicago region.

Founded in 1907 by John Bigane, the business initially started as a retail coal and oil supplier. In the late 1950’s, the company added asphalt to balance out the seasonal nature of fuel delivery; over time, the demand for asphalt grew and became the company’s primary product offering.

Today, Bigane Paving serves the Chicago region through its high-quality work on infrastructure improvements, streetscapes, and street and parking lot resurfacing and replacement projects.

The company’s central location (935 W. Chestnut Street) just west of Goose Island among similar land uses provides it with safe and easy access to the city and suburbs. It’s a great example of a thriving industrial company whose future North Branch Works is working hard to protect through our advocacy and by monitoring zoning changes.

In addition to providing valuable services, the company employs approximately twenty people in permanent high-quality jobs and its seasonal staff can reach close to 100 at its peak.

Most of the firm’s business comes from winning city and state project contracts. Remarkably, the company has paved 1,500 miles of streets.

Some of Bigane Paving’s high-profile projects include paving the 606/Bloomingdale Trail as well as bike lanes in the City of Chicago’s Streets for Cycling 2020 Plan and resurfacing the North Avenue Bridge

In 2018, Bigane Paving won the Chicago Department of Transportation’s Contractor of the Year Award for resurfacing North and Southbound Lake Shore Drive between Grand Avenue and Monroe Drive.

Although most of its work comes from public contracts, the business also excels in working with the private sector, having completed successful projects with many religious and scholastic institutions.

And much of the firm’s success is due to the innovation of its leader, Anne Bigane Wilson. A major success during her tenure was the purchase of Ogden Avenue Materials, a manufacturing operation, that allowed the company to expand and serve the entire Chicago region.

Within the industry, Anne is well-known for her ability to work well with the many diverse stakeholders who play important roles in construction projects. Her customers praise her for her detailed approach that consistently delivers projects on time and budget.

During Women’s History Month, North Branch Works is celebrating our women-owned business members. We’re honored to recognize Anne Bigane Wilson for the many contributions she’s made to Bigane Paving, North Branch Works, and Chicagoland.

If you’d like to connect with Bigane Paving, please reach out to info@biganepaving.com

Image credits: Bigane Paving