Economic Development

Tools for your business success

Tax Increment Financing (TIF)

  • BDC covers a percentage of qualified building improvements
  • Must be in a TIF district (Ogden Avenue, Depot District, Cermak RoadĀ or Roosevelt Road)
  • Typically used for faƧade improvements, build-out and signage

Commercial Loan Program

  • Alternative funding source
  • Works like a standard bank loan
  • Higher risk tolerance
  • Available to any business in Berwyn
  • Can be used for almost any business related expense, including faƧade improvements, interior build-out, equipment and working capital

Microloan Program

  • Loans available for $1,000-$10,000
  • Available for start-up or existing businesses in Berwyn
  • Funds can be used for renovation, working capital, equipment and other qualifying uses

Technical Assistance

  • Market research
  • Business advocacy
  • Strategic planning
  • Business plan analysis
  • Financial guidance

Site Location Assistance

  • For sale and for lease properties


 
 
©2011 Berwyn Development Corporation | 3322 S. Oak Park Ave., 2nd Floor, Berwyn, IL 60402 - (708) 788-8100