New Life Community Investments
Adolfo Vizcaino began his career working on air conditioning and heating systems, and quickly grew to love the work.
As his skills continued to increase, the longtime West Side resident knew he wanted to go even further with his career – he wanted his own company.
“My dream was to be able to wake up in the morning and work for my own business,” he says.
Today, Vizcaino is the Owner and President of Thermal Electric, Inc., an air conditioning and heating company located in Chicago’s West Humboldt Park neighborhood. The business has seven additional employees who reside in the community and a client base large enough to keep them all busy. As he has grown Thermal Electric, Inc., Bethel has been at his side, first with capacity-building support from our small business counselors, and second with a New Market Tax Credit loan. Unable to obtain traditional financing, Vizcaino used the loan to build a new landscaped parking lot for the business. This created much-needed storage space for vehicles and equipment, and helped the company operate more efficiently to increase profits. In addition, the landscaped lot transformed the physical appearance of the street corner where it is located.
However, Vizcaino, who is passionate about the air conditioning and heating service fields, says the primary goal of his business is helping people.
“This isn’t about the money. This is about being able to help my clients when they are too hot or too cold, just because their home equipment is not functioning. Seeing my customers smile when we fix their equipment is why I do what I do.”
For years, Bethel has helped local businesses grow and create new jobs, even in a recession, thanks to its New Market Tax Credits. Through leveraging its investments, New Life Community Investments has made $9.9 M of investments on the West Side of Chicago since 2005.