New Ownership of The Xquina Incubator and Café

Lawndale News Chicago's Bilingual Newspaper - Business

The Little Village Community Foundation (LVCF) and the Little Village Chamber of Commerce (LVCC) announced the consolidation of ownership interests of the planned Xquina Incubator and Café. Effective immediately, the LVCF will become the sole owner and operator of the Xquina Incubator and Café in Little Village. The Xquina Incubator and Café is expected to be completed by the LVCF by 2023. Initially expected to open in two phases, with phase one planning to open the first floor of the building in 2021, Xquina Incubator and Café is now planned to open with all three floors at once. The COVID-19 pandemic delayed construction and the permitting process, disrupting the original timeline for the project’s opening.

During the unplanned interruption, team members continued to work hard and secured additional grants. With the funding from the additional grants, the entire building is expected to open by 2023. Starting in 2018, the two organizations worked collaboratively to conceptualize a new, multiuse business incubator and cultural amenity in the heart of the Little Village business corridor – Xquina Incubator and Café. The concept, brought to life by LVCC, became a joint project between the LVCC and LVCF under the umbrella of the Little Village Business Incubator. This agreement transfers ownership interests to the Little Village Business Incubator, which will be owned and operated by the LVCF. For more information about the Xquina Incubator and Café and project timeline visit lvcfchicago.org and watch for an update announcement later this Spring.

Lawndale News Chicago's Bilingual Newspaper - Business

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