Neighborhood Opportunity Fund Impact on Chicago’s Hispanic Community


The Neighborhood Opportunity Fund application period opened on Sept. 14. Grants of up to $250,000 are available to entrepreneurs and nonprofit groups across the South and West sides. Applications are due Friday, Nov. 6.Entrepreneurs looking to start or grow their business on the South, West and Southwest side can find more information to prepare their application on the program’s website at www.neighborhoodopportunityfund.com/apply.

President & CEO, Manny Flores was interviewed this morning on Univision Chicago’s Primera Hora to discuss the NOF program features and provide details on the application process. You can view the full interview here.

(Véanos en Primera Hora. Recuerda que sale todos los días de 5 a 7 a.m. y también en su app de noticias que puede bajar aquí.)

Plus, the SomerCor team was on hand last week for the groundbreaking for the Xquina Incubator Cafe in Little Village. Per the Chicago Tribune, this three floor project will include “a cafe, business incubator, media multi-purpose room and a shared commercial kitchen on the first floor, a co-working office, private offices, podcast room and video production on the second floor and a local artist gallery, event space and workforce training rooms on the third.” 

This project was in part funded by a NOF grant. SomerCor is proud to act as administrator of the grant on behalf of the city of Chicago. Our organization is excited about the transformational impact of projects, like Xquina Incubator Cafe, in the Hispanic community and neighborhoods throughout the city.

Contact Us

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Margaret Griffin

EVP, Chief Lending Officer
(312) 360-3320
mgriffin@somercor.com

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Eric Bacon

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Darin Gehrke

SVP Market Lead for Central and Southern Illinois
(217) 793-1075
dgehrke@somercor.com

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Elisabeth Williams