Steve Grzanich has the business news of the day with the Wintrust Business Minute.

Chicago’s startup incubator 1871 is giving up its office space at the Merchandise Mart. The group’s CEO says 1871 continues to perform but not at level that allows the organization to sustain its real estate footprint in the city. A letter to members says 1871 has not been immune to post-COVID challenges, so it has to adapt to an evolving landscape. 1871 launched nearly 13 years ago to bring startup founders together. It offered them an affordable space to collaborate on a short-term basis. There are currently 15 tenants down from 52 before the pandemic. 1871 has become a mostly virtual incubator which has allowed it to expand its reach nationwide.

Also, The popular Italian restaurant Carmine’s is preparing to reopen in Chicago. Listen for more below:

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Wintrust Business Minute: Startup incubator 1871 to leave Merchandise Mart