The Hatchery Chicago (THC) was launched as a joint venture between two of Chicago’s most prominent nonprofits—Accion Chicago and the Industrial Council of Nearwest Chicago (ICNC). The Hatchery meets major areas of need for food and beverage entrepreneurs: access to production and networking space, financing, expertise and networks—all under one roof.
From pre-concept to business acquisition, The Hatchery provides a full suite of customized services for Chicagoland food and beverage production entrepreneurs. It does this in collaboration with a variety of public/private partners, each of which is invested in the goal of growing entrepreneurial activity in Chicago. It seeks to be a one-stop shop for emerging consumer packaged goods (CPG) producers and other food and beverage related products and services.
The Hatchery anticipates more than 150 paying members including: more than 50 private tenants, more than 25 shared kitchen users and more than 50 at-large members. Already operating as a “virtual” incubator, The Hatchery Chicago expects to open the doors on its new facility in late fall of 2018.
The Hatchery Chicago Executive Director (ED) reports to The Hatchery Chicago board of directors. The ED is responsible for executing the initial board approved business plan, further defining and executing the mission, and the goals for all stakeholders of the organization. The ED is responsible for building on the initial plan to establish and maintain where and how the organization will direct its mission; ensuring programs are developed and executed that best meet mission and financial goals; and gaining alignment among core constituents, especially the board of directors, around vision, mission, program, and financial direction of the organization. The ED ensures the necessary resources required by the organization are obtained so that its mission and goals are achieved.
The following program and staff functions report directly or indirectly to the ED:
Tenant acquisition, retention, and graduation
Entrepreneur support programming and services
Finance and risk management
Public relations, fundraising, and marketing
Human resources management
Technology and infrastructure management
The ED is responsible for working with the board of directors to establish and execute the vision, mission, financial goals, and program goals of the Hatchery. The ED establishes plans and performance objectives for each person and functional area, manages and measures performance versus objectives and ensures all areas work collectively toward the organization's goals. The ED ensures:
Program functions and personnel provide quality services and support to partners, tenants, members, & customers
Effective delivery of high value programing for tenants, shared kitchen users, and members
Tenant acquisition, retention, and graduation is sufficient to meet the financial and mission goals of the Hatchery
Staff personnel provide quality support to external programs and proactively work to meet program needs
Fundraising is sufficient to meet financial and program delivery obligations as determined by the board of directors
Effective management of all financial and outcome related reporting to all stakeholders.
The ED ensures the needs of all constituents are serviced in an innovative and professional manner with accurate, timely and relevant deliverables. The ED ensures the following outcomes:
Program customers receive the programming and support services necessary to help them succeed
Membership and tenant target quantitative goals are met with high levels of satisfaction.
External funders receive accurate and timely information on mission outcomes and financial results
External funders are motivated to provide increasingly higher levels of support
East Garfield Park community is cognizant of the favorable impact of the Hatchery on the community and continues their partnership
Organization obtains the resources to meet established goals
Organization employees are proud to work for the organization and believe the organization treats them honestly and fairly in all employment aspects
Programs are developed effectively, outcomes clearly documented, and results to plan tracked and reported in a manner that ensures community confidence.
The ED convenes staff periodically to ensure customer needs are understood and satisfied. The ED promotes an environment that fosters continual improvement and innovation to meet mission and financial goals.
Working with each functional area, the ED ensures that following services and outcomes are delivered in professional, timely and cost-efficient manner.
Design and execute programs aligned with the mission, outcome, and financial objectives of the organization and ensure good decisions at every point in the process.
Communicate mission outcomes and financial results to funders, creditors, business partners, Board of Directors and employees
Develop and execute marketing plans to meet goals
Secure sufficient funding to meet short-term and long-term operating needs
Finance and Risk Management
Establish and maintain the proper capital structure and ensure adequate level of funding is achieved
Develop and execute a risk management plan and internal control program
Ensure accurate and timely financial reporting conducted and communicated, including clean audit and single audit reports (as necessary) from external auditor.
Ensure compliance with regulatory, tax and external covenant reporting
Ensure adequacy of fiduciary, directors and corporate insurance.
Public Relations, Fundraising and Marketing Management
Develop and execute public relations campaign to promote the organization
Establish and communicate a compelling vision to funders, creditors, business community and employees
Support programs with marketing materials, research, advice
Establish and execute innovative ways to support members and tenants and promote the Hatchery brand
Satisfy information requests from funders, creditor and other constituents
Raise general purpose grant funding as needed
Human Resources Management
Establish and maintain employment policy handbook
Ensure employment polices comply with local, state and federal regulations
Establish and maintain policies and procedures for staff retention, training and development
Establish plan for cross-training of critical functions and succession planning
Board of Directors Management
Plans and manages for the operations of the board of directors, supporting board member recruitment, training, development and engagement in the work of the Hatchery.
Ensures smooth operation of all board and committee meetings and all board events.
Reviews with board the by-laws, policies, and all other documents related to the oversight of the Hatchery, and makes timely and appropriate recommendations to the board on necessary changes, to ensure the stability of the Hatchery.
Leads organization’s efforts to effect change in policy that will provide a hospitable environment for low-to-moderate income entrepreneurs of diverse backgrounds and experience levels to flourish.
Promotes the value and impact of entrepreneurship with local, regional, and national policy makers.
Works collaboratively with a variety of organizations to further entrepreneurship in low-to-moderate income communities.
Technology and Infrastructure Management
Ensure adequacy and reliability of systems and procedures to conduct business
Provide proper level of office equipment and supplies
Ensure integrity and security of corporate and client data
Ensures a safe and secure work environment for employees
Establish and maintain disaster recovery plan
Establish and maintain purchasing process to ensure timely and cost-effective procurement of supplies
Bachelor's degree in finance or related field required (postgraduate degree preferred)
Seven to ten plus years in food production, finance, or another related field in a corporate or nonprofit environment with increasing supervisory/management roles.
Demonstrated ability to inspire and lead a broad spectrum of stakeholders
Demonstrated capacity to manage financial and operational functions, including fundraising.
Experience working with nonprofit Board of Directors
Experience with launching and building a nonprofit or for-profit business
Real estate management experience ideal
Passion for mission and objectives of the Hatchery
Travel within Chicago metropolitan area
Good oral, written and presentation communication skills
Self-motivated and ability to motivate others
Bilingual language skills in English and Spanish (beneficial but not required)
Additional Salary Information: Total compensation for the position will be up to $100,000 plus benefits. Given the start-up nature of the organization, the benefits package is to be determined.
Accion Chicago helps communities grow by investing in entrepreneurs who build businesses and generate jobs in their neighborhoods. We provide the tools necessary for individuals to create and expand small business regardless of their backgrounds and other barriers of obtaining credit. Accion provides customized capital solutions and one-on-one coaching to aspiring entrepreneurs in Illinois and Nor...thwest Indiana.
Accion creates economic development at a level that other financial institutions cannot. By providing loans up to $100,000 to qualified borrowers, we fill a gap in the credit market that large financial institutions don’t serve. Without Accion, many of the region’s budding entrepreneurs and promising start-ups would be stranded without access to credit, and the communities around them would not reap the benefit of jobs and capital they produce.
Accion Chicago is a certified Community Development Financial Institution (CDFI), SBA microlending intermediary, and SBA Community Advantage lender. We have compiled a remarkable track record of success with 20 years of service as a microlender in the Chicago area. Accion is a nonprofit, but we apply rigorous business principles and instill a culture of entrepreneurship in our customers.
Accion Chicago is an independent member of the Accion U.S. Network. The Accion U.S. Network is the largest nonprofit microfinance network in the United States, with over fourteen field offices and an internet lending team accessible throughout the country providing loans from $200-$300,000 to small businesses. Through their small business lending and financial education programs, the Accion members have fostered job creation, increases in family income, and lasting economic vibrancy for small business owners and their communities nationwide.