Business of the Year 2022

Congratulations to SP Marketing!

1260 Bamberg Ct.  847-551-5629

http://www.gospmarketing.com/

SP Marketing is a marketing company that specializes in promoting their clients’ brands with the right marketing tools to boost business, gain customer retention and create new customer growth.

They offer product sourcing, retail distribution, manufacturing, warehousing, fulfillment, web design, and social media management services. Their product experts can find the perfect promotional product to represent your company – with your company logo on it! 

SP Marketing also excels at social media management, email marketing and web design, and can also ship and fulfill your online store products. 

Shannon Potenzo is the President of SP Marketing which she started in 2008 as just a consultant for companies. In 2014 she opened her doors to the public and came to Hanover Park in 2020. Today, SP Marketing manages 7 product brands, and their products have been showcased on QVC and in retail stores. Their brand marketing, social media and website design make them a one-stop-shop for their customers’ marketing needs!

Each year, all residents and businesses are encouraged to nominate outstanding local businesses they feel deliver excellent customer service, exceptional products or services, and regular community involvement.

Watch for information about the 2023 Business of the Year nomination process in the fall!

For more details or questions, call Community Development at 630-823-5780 or email CommunityDevelopment@hpil.org 

Overview of Financial Resources for Small Businesses

By The Office of Minority Economic Empowerment (OMEE)

Wednesday, March 1st @ 10:00am - 11:00am

Is access to financial capital important for your business? The OMEE invites you to an online conversation that is open to all racial/ethnic minorities, women, persons with disabilities, veterans, LGBTQIA+ owned businesses, and all other marginalized groups. 

Join the OMEE to learn the latest updates on financial resources available for your small business, along with other resources, federal and state programs. They will take questions in English and Spanish.

To register, go to:  https://tinyurl.com/omeeoverview

Federal Funding for Small Businesses

The State Small Business Credit Initiative

On December 6, the U.S. Department of the Treasury announced that Illinois will receive up to $354.6 million to administer four programs as part of the State Small Business Credit Initiative (SSBCI). The programs include:

•  Advantage Illinois - an existing program which provides low-interest loans to small businesses; in 2022, 71% of these loans went to businesses owned by women, people of color, veterans, or people with disabilities 
• Advantage Illinois' new Loan Guarantee Program - which will support businesses that have had difficulty receiving loans by using funds to guarantee a percentage of loans provided by partner lender.
• INVENT Venture Capital Program (VCP) - a new direct equity program that will focus on investing in businesses in key industries such as agriculture, ag tech, information technology, life sciences, manufacturing and more
• Climate Bank Finance Loan Participation Program - which will issue loans to small businesses in the clean energy sector.

SSBCI was reauthorized as part of the American Rescue Plan Act and provides $10 billion to states for assistance to small businesses. Illinois is one of seven states approved to receive funding. The press release with additional information on the announcement was released by the Illinois Department of Commerce and Economic Opportunity.

Grant programs will launch soon. Interested businesses should fill out the form linked below to receive additional information and updates when the programs are launched.

For more information and to receive updates when the programs are launched, go to:

https://form.jotform.com/223395045936058 

Take Your Business to the NEXT Level

Next Level Northwest can help you succeed

Have you thought about ways to get your business to the next level - increasing your brand awareness, revenues and success?  FREE help is here for you and your business. NLNW offers free coaching, training and support in any area of business you need help with.

This valuable one-on-one coaching program can make YOU their next success story. You can read about their recent success stories and apply here:  www.nextlevelnorthwest.org/apply-now.  See what they can offer you!

Questions?  Need help applying?  Call Community Development at 630-823-5780 or email us at  CDevelopment@hpil.org and we can get your started AND help you through the entire application process.