Roosevelt University Celebrates RISE Expansion | |
The Village of Schaumburg and Roosevelt University recently celebrated the expansion of the Roosevelt Incubator for Schaumburg Enterprises (RISE), a business incubator designed to help local entrepreneurs and small business owners launch, grow, and sustain their businesses.
The Village initially invested $54,000 in Community Development Block Grant (CDBG) funding to help establish the incubator last year and marked the expansion with an additional $10,000 contribution this year to support the program's continued growth. The investment reflects the village's ongoing commitment to fostering entrepreneurship, encouraging innovation, and strengthening the local economy.
Located at Roosevelt University's Schaumburg campus, RISE provides participants with affordable workspace, access to a makerspace, photo and podcast studios, research assistance from student interns, and connections to experienced business mentors and community partners. The program is available to entrepreneurs throughout the university's Schaumburg service area, with opportunities for both income-qualified participants and others seeking to grow their businesses.
The Economic Development Department also presented $30,000 in Community Development Block Grant (CDBG) Microenterprise Grant funding to four businesses participating in the Roosevelt Incubator for Schaumburg Enterprises (RISE) program. The Microenterprise Grant Program provides financial assistance to eligible microenterprises to support business stabilization, expansion, entrepreneurship, and job creation. Congratulations to this year’s grant recipients, JG Good Corporation, Yam Global Travel, American Development Partners, and AAP In-Home Care on receiving this funding and their continued commitment to growing their businesses in Schaumburg!
Entrepreneurs interested in participating in the RISE program can learn more and apply at the RISE website.
| | SBA & Village of Schaumburg Host Business Appreciation Night at Wintrust Field | |
On Wednesday, Aug. 20, join us for an evening of baseball, networking, and business appreciation as the Schaumburg Boomers take on the Gateway Grizzlies at Wintrust Field, 1999 S. Springinsguth Rd. Hosted by the Schaumburg Business Association (SBA) and the Village of Schaumburg, the Schaumburg Business Appreciation Event recognizes the contributions of Schaumburg-area businesses that drive economic growth, create jobs, and strengthen our community.
Non-SBA members can register for two free tickets, each including a game ticket, a beer, and your choice of popcorn or a hot dog. SBA members receive the same benefits for just $15 per person. It’s the perfect chance to connect with fellow leaders, enjoy a summer night at the ballpark, and celebrate the companies that make Schaumburg thrive.
For more details and to register for the Schaumburg Business Appreciation Event on Aug. 20, please visit the SBA website.
| | AnetaArt Classes Awarded Microenterprise Loan Grant | |
The Village of Schaumburg Economic Development Department is proud to share that AnetaArt Classes has been awarded a $14,758 Microenterprise Loan Grant through the village’s Community Development Block Grant Program. The art school helps guide children toward confident, thoughtful creativity through structured creative education and mentorship-based learning. Congratulations to Aneta Takeva on securing this forgivable loan, which will support AnetaArt Classes’ continued growth and success here in Schaumburg!
The Village of Schaumburg's Small Business & Microenterprise Loan Programs support 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 or acquisition of tenant space or 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)
If you are 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 required submission documents, view the full program guides on the village's website.
| | Mazala Pizza – 824 W. Golf Rd. | |
Mazala Pizza has officially opened at 824 W. Golf Rd., bringing a bold new take on pizza to Schaumburg. This fast-growing concept is known for blending authentic South Asian flavors with classic comfort food, creating a unique fusion menu that goes far beyond traditional pizza.
Guests can enjoy signature creations like the Tikka Pizza, Butter Masala Pizza, Samosa Smash Pizza, and Firecracker Pizza, along with flavorful bowls, momos (dumplings), wings, sandwiches, and house-made sauces inspired by Indian street food. Vegetarian and chicken options are featured throughout the menu, making it easy for everyone to find a favorite.
Whether you're craving a classic pizza with a twist or looking to try something completely different, Mazala Pizza delivers a vibrant fusion of spices, fresh ingredients, and bold flavors that make every bite memorable. The Schaumburg location is open daily for lunch, dinner, late-night dining, carryout, and delivery. To learn more, visit the website.
| | |
CAVA is now open at the Crossroads of Schaumburg development, bringing its popular fast-casual Mediterranean cuisine to the northwest corner of Golf and Meacham roads.
Known for its fresh, customizable bowls, pitas, salads, and flavorful dips, CAVA offers a menu featuring grilled proteins, roasted vegetables, grains, and signature spreads, including Crazy Feta®, Harissa, and hummus. Guests can mix and match Mediterranean-inspired ingredients to create fresh, satisfying meals. The restaurant also offers dine-in service, carryout, catering, and an outdoor patio for guests to enjoy.
As one of the newest additions to the Crossroads development, CAVA continues to expand Schaumburg's growing dining scene, providing residents, visitors, and the business community with another convenient dining destination. CAVA is located at 1320 E. Golf Rd. Learn more by visiting their website.
| | Crossroads of Schaumburg - NW Corner of Meacham & Golf Roads | | |
The Crossroads of Schaumburg development, located at the northwest corner of Golf and Meacham roads, continues to make significant progress. Construction crews are currently focused on completing exterior improvements and interior buildouts as several new tenants prepare to open their doors in August.
The development welcomed Piccolo Buco in June, followed by CAVA. The momentum will continue in August with anticipated openings for Velvet Taco and Panda Express, with Paris Baguette expected to follow soon after. Dave’s Hot Chicken will celebrate its grand opening with a ribbon-cutting ceremony on Aug. 14, marking the development’s third restaurant opening. With each new opening, Crossroads of Schaumburg continues to take shape as an exciting new dining destination at one of the village’s busiest intersections. For more information, please visit the development's website.
| | Starting a Business in Illinois with Harper College SBDC | |
Harper College's Small Business Development Center (SBDC) is hosting a free webinar on Starting a Business in Illinois at 12 p.m. Thursday, Aug. 20. If you think that you have the personal characteristics, the financial fitness, and the business readiness skills to own a business, find out if entrepreneurship is right for you.
Learn about the critical steps to opening your own business, including viability, business formation, financing, and more. Harper College's SBDC offers business assistance centers that provide free or low-cost consulting and training to entrepreneurs and small business owners.
|
| GCAMP Regional Skilled Trades Fair | | |
The Greater Chicagoland Advanced Manufacturing Partnership (GCAMP) is hosting a Regional Skilled Trades Fair on Sept. 25 from 9 a.m. to 1 p.m. at Harper College Foglia Foundation Health & Recreation Center. This event offers a valuable opportunity to connect with high school students from Districts 211, 214, and 220, representing communities such as Arlington Heights, Barrington, Buffalo Grove, Elk Grove, Hoffman Estates, Palatine, Rolling Meadows, Schaumburg, and Wheeling. Students will explore career opportunities in the skilled trades and learn directly from manufacturing professionals from all across the region. For participating businesses, the fair provides a chance to showcase career opportunities, build relationships with the next generation of workers, and help strengthen the region’s skilled-trades talent pipeline.
Light breakfast and lunch will be provided for all participating organizations. To learn more about the event or to register, please visit GCAMP's 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. |
| | | |
