McKinley Park biz incubator gets fed grant
Newman says funds will enable expansion
From staff reports
U.S. Rep. Marie Newman (D-3rd) announced last week that she has secured $80,000 in federal funding for a McKinley Park business incubator.
U.S. Rep. Marie Newman (D-3rd)
The 36Squared Business Incubator, 3636 S. Iron, will reportedly use the funds to continue and expand services to budding small businesses.
“As a former small business owner myself, I know that our local entrepreneurs and small businesses are the backbone of our economy,” Newman said. “That is why it is critical that we support local incubators like 36Squared, because they not only lift up our neighborhood businesses but also our entire community.”
Housed in a century-old warehouse, 36Squared offers onsite training, classes and one-to-one counseling to help entrepreneurs of all abilities grow their businesses.
Additionally, the business incubator actively works to invite, include and recruit people with disabilities in all their programs and services to ensure their business community is inclusive and reflective of the city. Through the House Appropriations bill, the secured funding would be used to support 36Squared’s small business incubator services for fiscal year 2022.
“We were thrilled when Congressman Newman called to inform us that our Community Project Funding request had been approved,” said Andrew Fogaty, Executive Director of 36Squared Business Incubator.
The funding request was approved by the Subcommittee on Financial Services and General Government. In addition to this request, Newman has submitted nine other community projects for funding consideration, which will be determined in the coming weeks.
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