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Aspire Center for Workforce Innovation

Investment

  • NMTC Amount: $37,000,000
  • Total Project Cost: $37,000,000

IMPACT

  • 85 FTE jobs
  • 79 construction jobs
  • 52 jobs created and 33 jobs retained. Community Hub will expand from 1,000 to around 5,000 individuals served annually. Reconnection Hub will serve over 5,000 individuals through the Employment Center program.
  • 77,355 sq. ft. of real estate

Investor

Project Description

Located in the Austin neighborhood of Chicago, the Aspire Center for Workforce Innovation will become a coordinated one-stop business and career development center, comprised of workforce training, career development and entrepreneurial skills providers all housed within the repurposed and renovated former elementary school. The project will become a central gathering, job training and education hub for the Austin community where partners can work in collaboration, create linkages among programmatic initiatives within shared facilities, and provide workforce training. The project will serve as a centralized location for Austin’s youth, unemployed and underemployed adults seeking career training and support. It will service youth and out-of-work individuals with in-demand skillsets and small business supports.

MAP

Address: 5500 West Madison Street, Chicago, IL 60644

Census Tract: 17031251900

Other Illinois Projects

The project supported the acquisition and rehabilitation of a historic building that will be home to an innovation hub for businesses located in Chicago, IL with a specific focus on
The redevelopment of an underutilized, 18,450 sq. ft. office building which now includes 9,200 sq. ft. of laboratory, health clinic, and related office space built for Heartland International Heath Center.

Baum Revision, LLC is a real estate development company based in Chicago, Illinois. It is acquiring and rehabilitating two industrial properties at 3333 W. Lake St and 3843 W. Lake

The Chicago Jesuit Academy was founded in 2005 to support students from historically disinvested communities and is located on Chicago’s West Austin Neighborhood. The CJA currently provides a high-quality education