Letter from Economic Development Manager
Over the past 3 weeks, the economic development team has LOVED connecting our incredible small business community to available funding! We’ve hosted 3 informational sessions, facilitated virtual office hours, walked every commercial corridor, and spent countless hours calling business owners. We also assisted over 60 business owners with grant applications during personalized sessions.
I am happy to share that as a result of these outreach efforts, over 171 Berwyn businesses have applied for the Source Grow Grant! If you have not applied already for this $10,000 grant, there is still time! The application only takes about 30-45 minutes to complete, and we are here to help!

Keep reading so that YOU don’t miss out on all available resources!
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$25.5 M Dollars Available in Funding |
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ACT NOW! Application deadline is quickly approaching –
MONDAY, OCTOBER 31ST, 5PM.
This grant provides capital integrated with business advising to small businesses, prioritizing historically excluded businesses – those owned by Black, Latino(a), other people of color, Women, Veterans, and Persons with a Disability – to close racial wealth and other opportunity gaps. Click below to apply now!
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I took ownership of an existing business. Am I eligible?
- Yes, you just need access to the 2019 tax returns and note the change in ownership under “additional comments” section in the application.
My business is a bar/ lounge, am I eligible?
- Maybe. If your business sells food, apply. If your sales are strictly alcohol, nicotine, or cannabis products, you are NOT eligible.
I am a sole proprietor with no employees on my payroll (W-2), what do I enter for full-time employees?
- If you do not have any full-time employees on your payroll (W-2), enter yourself as 1 full-time employee.
For more FAQ’s, watch the video or click the FAQ's button below and scroll down to the bottom of the page until you see the FAQ section.
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Need Assistance? We’re Here to Help!
Don’t see the answer you’re looking for? Contact Paola at paolag@berwyn.net or (708) 749-6582 for additional support.
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Realty of Chicago entered into a Pay as You Go redevelopment agreement for their office space at 6505-11 Cermak Ave. This allows Realty of Chicago to receive a reimbursement of $449,499 on their investment of $1,254,497.
The purpose of the Pay As You Go Program is to assist property owners in the completion of development or rehabilitation projects in Berwyn, and to increase the economic viability of the community. Eligible property must be commercial or mixed-use, and be located within the Pay As You Go Program boundaries. The boundary includes the Roosevelt, Depot, and Harlem TIF Districts.
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Upcoming Events at Berwyn Shops: |
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Join us at the Berwyn Shops this weekend for Dia de los Muertos celebration and participate in the tradition of sharing memories of loved ones who have passed. Join us at the Berwyn Shops for community ofrendas, workshops, sweet treats, mariachi, and so much more!
For details and a full list of events, click below!
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This month's Women in Business monthly meeting is going to be hosted by our Sponsors: UPC Seguin of Greater Chicago and Seguin Gardens & Gifts! They will host us in their beautiful greenhouse this month located at 5621 W 31st St, Cicero, IL 60804 from 5:30pm to 7:30pm. Come out and join us!
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Berwyn Development Corporation
Berwyn.net
(708) 788-8100
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