Category: Economic Development

Real Estate Experts’ Talk On Chicago Market Applies To Proviso

Thursday June 21, 2018 || By Michael Romain || OPINION || @maywoodnews 

Featured image: Expert panelists during the May 24 Crain’s Real Estate Forum in Chicago. | VFP 

Last month, I attended a Crain’s Real Estate Forum, held May 24 at the University of Chicago’s Polsky Center for Entrepreneurship and Innovation on Chicago’s South Side.

Continue reading “Real Estate Experts’ Talk On Chicago Market Applies To Proviso”

Maywood Approves Zoning Changes For Proposed Housing Developments

Tuesday, June 19, 2018 || By Michael Romain || @maywoodnews 

Featured image: A proposed housing development located at 1902 S. 5th Ave. in Maywood, one of four buildings that IFF wants to build for low-income and disabled residents. | IFF 

The Maywood Board of Trustees recently approved a series of zoning changes required for a nonprofit to construct rental housing for handicap residents.

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Bellwood Gearing Up For Nearly $800K In St. Charles Rd. Improvements

Friday, June 8, 2018 || By Igor Studenkov || @maywoodnews 

Featured image: The corner of St. Charles Rd. and 25th Ave. in Bellwood. | Igor Studenkov

The village of Bellwood recently secured nearly $800,000 in grant money to improve a stretch of roadway that officials consider critical to the town’s overall economic health.

Continue reading “Bellwood Gearing Up For Nearly $800K In St. Charles Rd. Improvements”

Most Of Maywood Now Designated A Federal Opportunity Zone

Wednesday, May 23, 2018 || By Michael Romain || @maywoodnews 

Featured image: A map of the part of Maywood designated an Opportunity Zone. | Illinois DCEO 

Most of Maywood is now a federally designated Opportunity Zone, which makes new investment created in the area eligible for preferential capital gains tax treatment.

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Maywood Sells Land To Trucking Company For Redevelopment

Thursday, May 3, 2018 || By Michael Romain || @maywoodnews || Updated: 5:39 p.m.

Featured image: An architectural rendering of the proposed SMC Management trucking facility at 1001 S. St. Charles Rd. in Maywood. | Forza 

The former owner of one of the largest independent trucking companies in Chicago is starting another trucking company from scratch in Maywood on village-owned land that has been vacant for decades.

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Maywood Seeks To Expand Enterprise Zone To Include Bellwood, Broadview And Melrose Park

Saturday, April 18, 2018 || By Michael Romain || @maywoodnews 

Maywood officials are looking to join forces with Bellwood, Broadview, Melrose Park and Cook County in order to create the West Regional Enterprise Zone Collaborative — an expansion of the current Maywood Enterprise Zone that was created back in the late 1980s in order to bring new businesses into the village.

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Welch Urges Gov. To Nominate Maywood As Economic Opportunity Zone

Tuesday, March 13, 2018 || By Michael Romain || @maywoodnews 

An area lawmaker is requesting that Gov. Bruce Rauner consider Maywood for a new federal tax incentive that its proponents say could lure jobs and economic development to distressed communities.

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