Phat Phat Awarded Small Business Loan Grant | | |
The Village of Schaumburg Economic Development Department is proud to share that Phat Phat has been awarded a $15,000 Small Business Loan grant through the village’s Community Development Block Grant Program. The restaurant specializes in Southeast Asian cuisine and will get support to launch a marketing campaign and to cover rent and inventory expenses. Congratulations to Denny Prawira and Ohki Akimoto on securing this forgivable loan, which will help fuel Phat Phat’s continued growth here in Schaumburg!
The Village of Schaumburg's Small Business Loan Program supports economic growth and job creation for low- and moderate-income individuals. Eligible applicants can receive 80% matched, forgivable loans of up to $15,000 to fund project expenses such as:
- Staff salaries and operating capital
- Lease/acquisition of tenant space/property
- Acquisition of inventory, supplies and raw materials
- Acquisition of furniture, fixtures, equipment and tools (with or without installation costs)
- Marketing materials and advertising including website development and servicing and marketing campaigns (limited to 50% of loan)
A business must be in operation for two years and must retain, create, or make available at least 20 weekly payroll hours, not including owner’s hours, and at least 51% or more of total weekly payroll hours are low-to moderate-income positions.
If interested in applying for the program, contact Liz Dechant, Assistant Director of Economic Development, at (847) 923-3852 to learn more or apply online. For more details on the program and to view required documents for submission, view the full Small Business Loan Program Guide on the village's website.
| | Chicago Northwest Restaurant Week 2026 | Are you ready to discover your next favorite restaurant? Indulge in delicious flavors that celebrate the vibrant and diverse food scene of Schaumburg during Chicago Northwest Restaurant Week, taking place Friday, Feb. 27 through Sunday, March 8. With the largest selection of participating restaurants in the Chicago Northwest suburbs, diners have over 24 options in Schaumburg to sink their teeth into. Beyond Restaurant Week, Schaumburg is home to more than 300 restaurants, and diners can explore them all using the comprehensive restaurant map available through the Village of Schaumburg. Special menus can be found on the website leading up to the 10-day event. For more information and to view the list of participating Schaumburg restaurants, visit the Meet Chicago Northwest website. | | Holiday Inn Chicago Schaumburg | |
Holiday Inn Chicago Schaumburg, an IHG Hotel by Sand Companies, offers a modern and welcoming environment for both business and leisure travelers. Opened in 2018, the hotel features thoughtfully designed accommodations, including Double, King, Suite, and Presidential room options, all with a fresh, contemporary feel.
The property offers flexible meeting and event spaces ideal for corporate meetings, training sessions, and special events. Guests can also enjoy on-site dining at Outlook Restaurant & Bar, open daily beginning at 4 p.m., making it a convenient spot for networking, casual meetings, or unwinding after the day.
Holiday Inn Chicago Schaumburg specializes in customized hospitality solutions, offering tailored room blocks, meeting space, catering, and event coordination. With a hands-on, client-focused approach, the hotel delivers a seamless experience for corporate groups, student programs, sports teams, and special events.
For more information, visit the Holiday Inn Chicago Schaumburg website, contact Belen Loza or call/text (815) 990-7324.
| | |
The new H Mart in Schaumburg recently opened at 420 E. Golf Rd., expanding the spacious and well-stocked international grocery destination to the community into a space six-times the size of its original Schaumburg location. The store offers a wide selection of fresh produce, premium meats, live seafood, frozen and dry goods, prepared foods, kitchen and household essentials, beauty products, and more.
Shoppers can also explore H Mart’s large food hall, featuring a variety of specialty shops and dining options, including Kung Fu Tea, Sakura Sushi & Grill, Cho Dang Tofu & BBQ, Kumo Ramen & Katsu, bb.q Chicken, Paik’s Noodle, Sang’s Kitchen, Yukdaejang, Oh K Dog & Egg Toast, and Tous Les Jours.
Founded in 1982, H Mart is the largest Asian supermarket chain in the United States, with more than 97 locations nationwide. Known as a premier destination for Asian foods, H Mart also offers a broad selection of Western grocery items, providing a full-service shopping experience similar to a traditional supermarket. Its innovative food halls build on more than 30 years of in-store dining offerings. For more information, visit the H Mart website.
| | Dayhouse Coworking - 20 S. Roselle Rd. | |
Dayhouse Coworking is now open at 20 S. Roselle Rd. in Town Square, bringing a thoughtfully designed coworking experience to Schaumburg. Created for professionals, entrepreneurs, and remote workers, Dayhouse offers flexible memberships, private offices, and beautifully curated shared spaces that balance productivity with comfort.
Founded by Schaumburg native Jen Dunham Luby, Dayhouse is known for its warm, home-meets-studio atmosphere and its emphasis on community and holistic member support. With an existing location in Highland Park and this newly opened Schaumburg space, Dayhouse continues to redefine modern coworking in the suburbs. To learn more, visit the Dayhouse Coworking website.
| | Illinois Legislative Panel Event | | |
The Schaumburg Business Association is hosting the Illinois Legislative Panel event on Friday, March 6 at 8 a.m. at the Al Larson Prairie Center for the Arts, 201 Schaumburg Ct. This event provides business professionals and community members with the opportunity to hear directly from state legislators about key policy issues impacting the business community. Attendees will gain insights into legislative priorities, economic development initiatives, and upcoming policy changes that may affect local businesses.
Those participating in this panel include:
- Senator Laura Murphy
- Senator Darby Hills
- Senator Cristina Castro
- Representative Michelle Mussman
- House Minority Leader Tony McCombie
- Representative Dan Ugaste
This panel discussion features elected officials representing the region, offering a chance to engage in meaningful dialogue and ask questions about pressing legislative matters. The event serves as a valuable forum for business leaders to stay informed, advocate for their interests, and network with peers who are also invested in the region’s economic growth. Light breakfast will be provided, creating a relaxed setting for discussion and networking.
Registration is required to attend, and tickets can be purchased online. For more details and to register, visit the Schaumburg Business Association website.
| | ComEd Power for Good Grant Program | |
ComEd is now accepting applications for its Power for Good Grant Programs, offering a total of $515,000 in funding to support community-focused projects across northern Illinois. The grants are available to nonprofit organizations working in environmental sustainability, public safety and clean transportation, and the arts.
The three programs currently open include Green Region (administered by Openlands), Powering Safe Communities (administered by the Metropolitan Mayors Caucus), and Powering the Arts (administered by the League of Chicago Theatres). Together, the programs aim to strengthen communities, improve quality of life, and expand access to essential resources and cultural experiences.
Applications for all three grant programs are due by 5 p.m. CT on March 13, 2026. Since its inception, ComEd’s Power for Good initiative has delivered nearly $6 million in funding to community-based projects throughout northern Illinois.
Organizations interested in applying can find eligibility guidelines and application instructions on their website.
|
| About The Small Business Source | | The Schaumburg Small Business Source is an e-newsletter distributed to small business owners, Schaumburg residents, and visitors to keep them informed of the latest activities and resources in the area. If you have any questions or comments about the information provided in this e-newsletter, contact the Economic Development Department at (847) 923-3707. |
| | | |
