eNews header graphic

June 2019 Edition

Business Matters in Hanover Park 

The Community and Economic Development Department has initiated this Newsletter called "Business Matters" for our local business community.

The newsletter is electronic only and includes information to help your business stay connected to Village news, upcoming networking events, grant or funding opportunities, and other issues of interest for growth and development. The newsletter is also posted on the Village website.
Is there business news – such as new products, new services, or awards that you would like to share?  Please contact the Community and Economic Development Department at 630.823.5781 and we will be happy to include your information in the newsletter.

hands touching together representing working together

Business Corridor Meetings

Meet your neighbors, meet the Village at a Business Corridor Meeting!  The Village CONECT Committee assists the Village Board in economic development strategies and serves as a liaison to the business community. 

CONECT is hosting a new series of “Business Corridor Meetings” to be held in each Business District.  Local businesses may attend any and all of these meetings to learn about Village plans and projects which may impact and/or assist their business.   Al Huda School hosted the first meeting on March 18 where businesses in the Irving Park Road West Corridor discussed parking concerns.  The next meeting will be July 24, 2019, hosted by ER Imaging. 


CONECT stands for the Committee On Networking Education and Community Teamwork. Local businesses are welcome to attend CONECT meetings to learn about ongoing Village activities. Meeting are held monthly on the 2nd Tuesday at 12:30 p.m. in the Municipal Building.
For more information on the Business Corridor meetings or CONECT, contact Community & Economic Development at (630) 823-5780.

$15 Million Funding Opportunity to Support Minority Owned-Business Growth

Department of Commerce and Economic Opportunity's Office of Minority Economic Empowerment is posting Notification of Funding Opportunities for a total of $15 million to provide minority-owned businesses with resources to help create jobs, build capacity, increase revenues, and expand regionally. The announcement marks the first time the program has been funded. READ MORE

minimum wage impacts multicolored logo

Impact of Increase in Minimum Wage on Small Business Luncheon Multi-Chamber

Dr. Amlan Mitra, Professor of Economics at Purdue University Northwest & Adjunct Professor at College of DuPage, will present a comprehensive analysis of the impact of minimum wage increase on small businesses.

Based on past studies, Dr. Mitra will highlight the "perceptions" and "facts" on how prices and labor costs impact both retail business and consumers.  Case studies on how small businesses prepare and respond to minimum wage increase will be shared.
Join Bartlett Area, Addison, Bloomingdale, Carol Stream, Glen Ellyn and Glendale Heights Chambers for this informative luncheon.
Location:        La Campana
                        306 W. Army Trail Rd, 
Date/Time:     Tuesday June 4, 2019
                        Registration & Networking: 11:30 am
                        Lunch & Presentation: 12:00- 1:00 pm
Contact:         Nanette Gudenkauf
                        Send an Email

Fees:               $25 members/$35 non-members

photo of calculator, pen and paper representing taxes

5 Myths About Payroll Taxes

If you want to grow your business, you probably need to hire employees to help you. Becoming an employer and expanding your staff entails many responsibilities, one of which is overseeing payroll taxes. Unfortunately, there are many myths about these taxes.  Read more.

Common Questions About Record Keeping for Small Businesses

Here are answers to some common business-related recordkeeping questions.

What records should owners keep?
Small business owners should choose a recordkeeping system that clearly shows income and expenses.
How long should records be kept?
The general rule is three years depending on the action, expense and event recorded in the document.
How should transactions be recorded?
A good recordkeeping system includes a summary of all business transactions. 

U.S. Business Administration logo

Marketing 101: A Guide to Winning Customers

Need help with market research? Take the Small Business Administration (SBA) FREE self-paced training course to learn how to reach a broader customer base and expand your market.

Launch the course

Questions? Please Contact the Community & Economic Development Department

Director of Community and Economic Development

Village Planner

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

Powered by CivicSend - A product of CivicPlus