Village of Hanover Park 5th Annual Small Business Forum Register Now - Free Marketing and Financial Guidance

In this Issue:

Join us Oct. 14, 2020 for our signature business education forum (held via Zoom)

Time is Running out to apply for the
Village Small Business Assistance Program

Still time to apply for State BIG funds

Register Now for the Village's 5th Annual Small Business Forum - Free Marketing and Financial Guidance.

So, you weren't ready for a pandemic? "Pivoting" towards new markets, services, or products can help you build your business with your existing resources. Learn tangible things you can do now to modify your business model and create new growth and survival strategies.

Our 2020 Forum is virtual, via Zoom. Join us for 1, 2, or all three panels. Our expert business coaches will discuss marketing, financing, and growing your business - this year, with a focus on strategies to modify, "pivot," your business to carry you through tough times like this pandemic.

Wednesday
October 14, 2020
9 am - noon, Virtual

9 am - Marketing Your Business: Market to meet your customer's needs. What are customer expectations during Covid and how can you stretch your ad dollars with free and low cost marketing?
10 am - Organizing Financials: When properly categorized, business financials will provide a path to identify your business growth opportunities.
11 am - Cash flow is critical to weathering the pandemic without draining your personal resources. What to you need to have your financials in order for rapid response to grants and loan opportunities?

Join us! Event is free. For more info: (630) 823-5780 or www.hpil.org
Download the Event flyer
Register Here.

Sponsored by the Village of Hanover Park Economic Development Committee, Northwest Hispanic Chamber of Commerce, Bartlett Area Chamber of Commerce, Women's Business Development Center, First Eagle Bank, and Hanover Park Community Bank/Wintrust, in cooperation with these community partners:

Small Business Development Centers at Elgin Community College and College of DuPage
Schaumburg Township District Library
Poplar Creek Public Library District
The Science of Food
diamonddog marketing

Cut & Dry - Open for Business!

Funding for the Village Covid-19 Assistance Program ends in December

Over 80 businesses are using the free "We're Open" signs, A-Frame Signs which the Village offered to small independent businesses that were impacted by the pandemic shut-down. An application is found online.

The Village Small Business Assistance Program includes small marketing grants to assist small businesses who need help creating an on-line presence with a basic website and social media tools. More information is online.

Round 2 BIG Program

BIG Applications Still Available

The Business Interruption Grant (BIG) program is open to all eligible businesses (for-profit and non-profit) with $20 million or less in annual revenue for 2019 who have experienced losses due to COVID-19.

The grant size will be equivalent to two months of expenses. Accion and the Women’s Business Development Center (WBDC) will process the grants in this round which will range from $5,000 to $150,000, commensurate with revenue losses incurred and business size. The application portal for the second round of BIG is now open.

The second wave of funds includes a focus on businesses in disproportionately impacted areas (DIAs) - which includes Hanover Park. A map of DIAs can be accessed here.

ASSISTANCE: For assistance with your application, please submit a question via the following question submission form in either English or Spanish.

ROUND 2 APPLICATION DETAILS:

Questions? Please Contact the Community & Economic Development Department

SHUBHRA GOVIND, AICP

Director of Community and Economic Development

Email

630-823-5781

ELLEN WEBER

Village Planner

Email

630-823-5779

If you would like your business news included in a Business Matters newsletter, please contact Village Planner Ellen Weber at (630) 823-5779, or eweber@hpil.org