Fulton Market Association

The Fulton Market Association is a U.S. non-profit economic development agency located in Chicago, Illinois. It serves the neighborhoods of Fulton Market, West Loop, Kinzie Industrial Corridor, and the broader Westside area.

Background

Founded in 1996, the organization focuses on promoting business and enhancing community safety within these neighborhoods. As a 501(c)(6) nonprofit, it is categorized under business leagues and chambers of commerce, aimed at improving business conditions[3].

Mission and Services

The organization provides a range of services to support local economic development, including:

• Public Safety Solutions: The association works to ensure the safety and security of the community.
• Business Solutions: Offers support and resources to local businesses.
• Real Estate Solutions: Provides assistance in real estate matters.
• Community Solutions: Engages in community development initiatives.
• Access to Government Services & Programs: Facilitates access to various government programs and services.
• Access to Economic Development Financial Incentives: Helps businesses capitalize on available financial incentives.
• Infrastructure Improvements: Focuses on enhancing neighborhood infrastructure.
• Neighborhood Planning & Beautification: Participates in planning and beautification efforts[1][2].

Governance

The organization is led by a volunteer executive board and staff. Roger Romanelli serves as the Executive Director, while board members include representatives from diverse local businesses and organizations[1][2].

Financial Overview

As of the latest available financial reports, the association's total assets were approximately $44,614, with total liabilities of $36,600. The primary source of revenue is net fundraising, which accounted for about 12.8% of total revenue in the fiscal year ending December 2022[3].

Community Impact

The Fulton Market Association plays a significant role in developing and enhancing the local business environment and community facilities, contributing to the overall growth and attractiveness of the area.