Stimulate Regional Economic Development
• Promote and support new and existing businesses and entrepreneurs.
• Grow the economic vitality of commercial corridors.
• Increase the financial viability of artists.
• Build financial security within PPNA, residents and businesses.
2014 Report to the Community
- Vibrant Commercial Corridors
PPNA leads successful, focused efforts to attract resources and partners to accelerate the development of stronger commercial corridors on Lake and 38thStreets and Chicago, Bloomington and Cedar Avenues. PPNA wrote and is implementing a Business Development Support grant for the 38th & Chicago Business Association, including a membership drive to support the association’s financial sustainability, and a Pop-Up Campaign to promote vacant store fronts. PPNA worked with the West of the Rail Business Association (WRBA) on the 38th Street and Bloomington Avenue market study and is conducting a WRBA membership drive to recruit Powderhorn businesses. PPNA hosted two Community Cafés highlighting Lake Street and partnered with Council Member Alondra Cano, the Lake Street Council, Mercado Central and local businesses.
- Lending Circles
Through a partnership with Comunidades Latinas Unidas En Servicio (CLUES), PPNA started its first Lending Circle cohort of seven residents. PPNA created a program combining the savings program, credit building, financial literacy and leadership skills.
- Landlord and Business Owner Support and Referrals
- Supported Latino-owned businesses to secure funds from the Façade Improvement Grant program, the Great Streets program and Valspar Paint program
- Member of Four Business Associations
- Business Association Membership Recruitment Campaigns led by PPNA
- Commercial Site Promotion
- Midtown Corridor Transit Analysis
- Promoted Buy Local and Neighborhood Businesses. Purchased meeting refreshments from local restaurants and businesses.
- Two Business Representatives on PPNA Board
- PPNA Approved by the Charities Review Council
2015 & Beyond
- Commercial Corridors
PPNA is seeking additional funding to help gain a better understanding of the current opportunities and challenges of the five commercial corridors. PPNA will be a stronger, more knowledgeable partner in larger development initiatives, such as Council Member Cano’s Lake Street Cultural Corridor and Council Member Elizabeth Glidden’s 38th Street project.
- Developable Commercial Sites
The Powderhorn Park neighborhood has three large commercial sites available for development. Representing the vision and values of the neighborhood, PPNA will gain a better understanding of each site, interested parties and opportunities. Already, PPNA is involved with furniture warehouse site discussions at 38th & Chicago. PPNA intends to be more involved with the Lake Street sites.
- Existing Businesses
By working with partners and community development experts, PPNA will support the viability and growth of existing businesses, with special concentration on Spanish-speaker owned businesses. PPNA will host trainings for Spanish-speaking commercial landlords on the basics of property and tenant management, as well as city requirements.
Return to 2014 Achievements Page