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Nicado Publishing Company to receive a grant from USHCC and UPS

HINA News Wire

 Washington, DC- The United States Hispanic Chamber of Commerce Educational Fund (USHCCEF) in partnership with UPS has selected Nicado Publishing Company (NPC) to receive a grant in the amount of $5,000 in an effort to help this organization to grow in the pandemic.

“We are blessed by the continued support we have had from organizations, sponsors and the community in general to continue our work of informing, opening doors to opportunities and celebrating the success of our community”, said Clemente Nicado, Publisher.

“I want to thank UPS and USHCC for their generosity in supporting a small business whose mission is to help Latino businesses move forward regardless of the obstacles in their way to success”, he said.

READ MORE: Poll: Hispanics care more about economy, jobs than social issues; dislike ‘latinx’

“For more than a decade, Negocios Now has been a proud media partner of the USHCC.  I commend the USHCC President and CEO, Ramiro Cavazos, and his team for their tireless work in helping the Hispanic community during the pandemic” Nicado said.

Based in Chicago, NPC holds several publications including Negocios Now, a national award-winning publication, and El Chicago Hispano, its community newspaper. Founded in 2007, the company is also the host of Who’s Who in the Hispanic community and Latinos 40 under 40.

 During the pandemic, Nicado Publishing has also received grants from McCormick Foundation and Hispanic Federation, a community organization based in New York City.

 The news comes as Negocios Now prepares the annual Gala “Who’s Who in Hispanic Business in Chicago’s Suburbs”, at The Drake Oak Brook, Autograph Collection, on August 20th.

 Negocios Now, NPC’s flagship publication, has received more than 20 national awards in the past decade and a Peter Lisagor Award for General Excellence. In 2018, Clemente Nicado was selected “Latino Publisher of the Year” by the National Association of Hispanic Publication (NAHP). 

 For more than 40 years, the USHCC has been America’s leading national Hispanic business organization, representing 4.7 million Hispanic-owned businesses, more than 260 local Hispanic chambers of commerce, and the voice of 61 million Latinas and Latinos contributing more than $2.6 trillion to the American economy each year. 

 

 

Applications for $60 million ‘BIG’ expire today

Chicago- July 7 (Hispanic News Agency) The State of Illinois is reminding small businesses across Illinois that applications are due today, July 7th, for the Business Interruption Grant program, otherwise known as BIG.

 Governor Pritzker’s BIG initiative – an economic recovery program for businesses – makes $60 million available for up to 3,500 impacted by COVID-19. Businesses located in areas hit hardest by COVID-19 will be prioritized in this first round of funding – with restaurants/bars, barbers/salons, gyms/fitness centers and businesses located in disproportionately impacted areas (DIAs) prioritized for funding.

Funding can be used to help businesses cover costs of payroll, rent, utilities, and other working capital.

“This funding comes at an important time for Illinois businesses: as Illinois continues to make public health advancements needed to reopen our economy – state grants programs will help business owners that have experienced closure or loss to turn their attention toward safe reopening”, said the Government in a press release.

Over 3,000 applications have been received for BIG so far – but the State continues to encourage eligible businesses to apply. The Department of Commerce and Economic Opportunity (DCEO) will work with community financial institutions to ensure businesses suffering extreme hardship and/or located in disproportionately impacted areas (DIAs) are first in line for funding.

For those businesses that do not apply in this round – the good news is that there will be additional waves of funding as part of the larger $540 million set aside for small businesses by the state and funded by the CARES Act. New BIG funding also builds on over $150 million in small business relief and assistance programs launched by DCEO from the time the crisis first hit.

The deadline to apply is today at 5 pm. DCEO is encouraging businesses to reach out and seek assistance for applying by either visiting our website or contacting the recently expanded network of small business development centers (SBDCs). More info on BIG is available at ildceo.net/big. More info on where to locate your nearest SBDC is available on our website here.

Hispanic News Agency (HINA), is the  Nicado Publishing’s news agency to create and distribute content and press releases to the Hispanic community.

The Little Village Chamber of Commerce Xquina Cafe business incubator receives $250,000 infrastructure grant

Chicago, HINA- The Little Village Chamber of Commerce recently received a State of Illinois Office of Minority Economic Empowerment (OMEE) Infrastructure Grant from the Department of Commerce and Economic Opportunity (DCEO) designed for incubators serving businesses of color. As part of DCEO’s ongoing commitment to supporting businesses across the state, the department has issued $11 million in Minority-Owned Business Capital Grants, otherwise known as “OMEE Grants.” These grants were distributed to businesses and business incubators across the state, with 20 small businesses and 12 business incubators receiving grant funds.

The Little Village Chamber of Commerce and The Little Village Community Foundation will apply the grant funds to the purchase of a three-story building located at 3525 W. 26th Street. This iconic building will introduce approximately 12,500 square feet of commercial retail space that will serve as a business incubator, co-working office, local café, and shared commercial kitchen.

“On behalf of the Little Village Chamber of Commerce Board, Staff and Membership, we thank Governor J.B. Pritzker and the leadership at the Department of Commerce and Economic Opportunity Office of Minority Economic Empowerment for supporting the Xquina Café Incubator which will become an educational ecosystem for entrepreneurs in Little Village and surrounding communities,” said Blanca R. Soto, Executive Director, The Little Village Chamber of Commerce.  “The grant is an impact investment to enhance the livelihood of communities that have experienced historical disinvestment,” Soto added.

The Xquina Café Incubator is a partnership-driven commercial and cultural amenity that will improve the lives of the Little Village community residents.  The business incubator is designed to drive economic impact and revitalize a commercial corridor by providing an open, accessible and inclusive learning environment through bilingual programming and coaching.  It will serve current and emerging businesses, artists, multi-media professionals, as well as local workforce and youth.  The Incubator will provide access to resources to an estimated 40 new businesses a year in addition to thousands of hours of entrepreneurial programming and training.

For more information about the Xquina Café, The Little Village Chamber of Commerce or The Little Village Community Foundation, please visit http://littlevillagechamber.org/. For more information on OMEE grants, please visit www2.illinois.gov.