Economic Development Commission

Public participation is invited. When called upon, please approach the microphone and state your name. Kindly limit your remarks to three (3) minutes. VILLAGE OF VILLA PARK Village Hall, Committee of the Whole Room 20 S. Ardmore Avenue Villa Park, IL 60181 Economic Development Commission March 19, 2025 5:30 PM Chairman: Tony Oddo Commissioners: Ghada Abdelhafez-Fahmy, Larry Calvert, Patrice Gallagher, JP Hochbaum, Ethan Tutor-Leon and John Drogos 1. Call to Order - Roll Call 2. Approval of Minutes a. February 19, 2025 Minutes 3. Business a. Discussion - 3 Year New Business Report 2022-2024 4. Public Comments 5. Commissioner Comments 6. Village Board Liaison Comments 7. Staff Liaison Comments 8. Adjournment The Villa Park Village Hall is subject to the requirements of the Americans with Disabilities Act of 1990. An elevator is operational at the north side entrance to the Village Hall during normal work hours and also during evenings. lndividuals with special needs are requested to contact the Village's Compliance Officer at (630) 834-8500 so that reasonable accommodations can be made for those persons. Page 1 of 15  ECONOMIC DEVELOPMENT COMMISSION MINUTES February 19, 2025 The meeting of the Economic Development Commission was called to order February 19, 2025, at 5:30 p.m. PRESENT: Commissioners: Tony Oddo, Larry Calvert, Ghada Abdelhafez-Fahmy, JP Hochbaum, Patrice Gallagher, and John Drogos. OTHERS PRESENT: Director Marc McLaughlin, Trustee Kumar and Joseph McKeown. PUBLIC INPUT ON AGENDA ITEMS: None. APPROVAL OF THE MINUTES: Motion to accept the minutes made by Commissioner Adbelhafez-Fahmy and seconded by Commissioner Hochbaum, verbal rollcall and passed with all ayes. The minutes for the Economic Development Commission for January 15, 2025, were approved. GENERAL DISCUSSION/BUSINESS: The meeting opened with Director McLaughin introducing Joseph McKeown of the Illinois Department of Commerce & Economic Opportunity. He is the Northeast Regional Economic Development Manager and was present to discuss the availability of various programs for new and current businesses. Joe McKeown: One of the roles is to help the communities grow businesses and promote the programs by working with Economic Development Directors and Commissions to get the word out about the DCEO programs. Happy to visit businesses. Currently working with a lot of industrial and manufacturing companies, however there are programs geared towards many types of businesses. There are programs that partner with local banks for financing, also tax cut programs possibilities may be offered. Most programs are State Funded, there are some Federally funded programs. The programs for retail would be State Small Business Credit Part 1 and Part 2 the Advantage Loan Program, if the criteria is met, it could participate in 50% of the loan and a low interest rate. Federal funding has not stopped, there are funds available. Programs may be available along with TIF funds, certain criteria will need to be met. Many of the programs are geared toward larger businesses. Educational and Safety training also May exist. Unfortunately, Villa Park has more smaller businesses. Various ways to get the information out are through webinars, presentations and outreach visits. Joe will send information to be used on Business Retention Visits. Another program is the Tax Credit which is geared toward electric manufacturing or products that go into energy efficient products. Corridor meetings would be a good way to spread the word with presentations. DCEO could put together a list of business in the areas that could benefit, but it helps when they inquire into the Department. Please visit the website at: dceo.illinois.gov for all information. The deadline for applying is April 7th, all applications will be reviewed. The village website will be revamped to include quick links to a variety of information including but not limited to: TIIF’s, Outsourced information. Farmers Marke: Commission JP Hochbaum has been in contact with the Chamber and spoke with the president, Kyle on how to get this set up. Joint venture with the Chamber, EDC and the Fun Commission. Location is key, the train station would be a good location, surrounding towns Page 2 of 15 are using this type of area, it has increased visibility and built in traffic. Cortesi Park is the actual designated area for village functions. This would be a huge undertaking with organizing, set-up and take down. Volunteers would be needed. Vendors, Food Trucks would need to be lined up. Decision on what types of items for sale. Research into other towns on how they are doing theirs, the when, where and times etc. The EDC can spearhead putting this event together and have the Chamber run it. The Farmers Market can turn into a weekly/monthly event, with various themes surrounding the seasons. Determine core items and expand on that. Requirements will need to be met and itemized. Creating a sub-committee was determined to be the best action, Commissioner Hochbaum and Commissioner Drogos were designated for this. PUBLIC COMMENTS NON-AGENDA ITEMS: Joe McKeown informed the committee he has worked in Farmers Markets in the past, non- profits do set up and take down and usually would like a complimentary table. COMMISSIONER COMMENTS: Commissioner Gallagher: Will volunteer as a backup for the sub-committee. Commissioner Hochbaum: During his meeting with the Chamber a Food Truck Event was discussed, they were more excited about that than the Farmers Market. The chamber is willing to help with this. The idea was to have 3 or 4 Food Trucks around Central. Food Trucks have been contacted and setting up a meeting with the village for permits etc. Using an online portal for vendors to sign up. This event could occur with the summer concerts. No other Commissioners comments. VILLAGE BOARD LIAISON COMMENTS: None. STAFF LIAISON COMMENTS: Director McLaughlin: The draft of the Comprehensive Plan is available for comments until March 14th, there is an Open House on February 23rd at the VPRC, then it will be at the Planning and Zoning meeting on March 13, 2024, and then in front of the Village Board meeting on April 24th. Looking to publish in May. The last Comprehensive Plan was from 2009. It is available on the village website. ADJOURNMENT: Motion to adjourn the meeting was made by Commissioner Hochbaum and seconded by Commissioner Abdelhafez-Fahmy. The motion passed with all ayes. The meeting was adjourned at 6:55 p.m. Complete recorded minutes will be available on the Village Website. Respectfully Submitted by, Pat Boksha Page 3 of 15  Village of Villa Park Department of Community and Economic Development 3 YEAR NEW BUSINESS REPORT 2022-2024 Director Marc McLaughlin, AICP, GISP Page 4 of 15  Village of Villa Park Village President Nick Cuzzone Village Board Cari Alfano Jorge Cordova Jack Corkery Jack Kozar Deepasriya Kumar Kevin Patrick Village Clerk Hosanna Korynecky Economic Development Commission Chairperson Tony Oddo Commissioners Ghada Abdelhafez-Fahmy Larry Calvert John Drogos Patrice Gallagher J.P. Hochbaum Ethan Tutor Leon Page 5 of 15 TERMS Certificate of Occupancy: The Certificate issued to a business owner giving them the right to occupancy the building space after all agencies have authorized approval. New Business: A business occupying the building space for the first time. Example: A business opens in a previously vacant unit or this particular business is occupying an building. Ownership Change: A business already occupying and operating out of a building but has new ownership. Example: An established business has sold and has a new owner, but keeps the business name, such as selling a franchise license. Name Change: An established business has a legal or marketing change. Example: Dunkin Donuts changed to Dunkin’. North American Industry Classification System (NAICS): The standard used by Federal statistical agencies in classifying business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. business economy. USES Construction: This sector comprises establishments primarily engaged in the construction of buildings or engineering projects. Construction may include new work, additions, alterations, or maintenance and repairs. Vehicle Repair: This use is primarily engaged in providing a wide range of mechanical and electrical repair and maintenance services for automotive vehicles, such as passenger cars, trucks, vans, and motorcycles. Auto Sales: This use is for the retailing of new or used automobiles and light trucks, such as sport utility vehicles, passenger and cargo vans, and motorcycles. Medical: This use provides personal medical care services such as, doctors, dentists, chiropractors, massage therapist, and other healthcare professionals. Retail: This use is engaged in the retail of new and used merchandise, such as, grocery, apparel, hardware, toys, etc. Service: This use engages in the technical or personal services, such as, salon, insurance, gyms, pet boarding, consulting, etc. Freight: This use engages in general freight trucking which handles a variety of commodities. Office: This use customarily focuses on providing executive, management, administrative, or professional services, such as, lawyer or corporate headquarters. Restaurant: This use is an establishment primarily engaged in providing food and beverage service for patrons. Rental Services: This use engages in the renting of passenger vehicles or moving trucks, or the rental of tools and equipment of short periods of time, such as, U-haul or rent-all stores. Gas Station: This use primarily engages in retailing automotive fuels in combination with a limited line of groceries and/or accessory vehicle maintenance. Accommodations: This uses engages in providing short-term lodging often referred to hotels or motels. Manufacturing: This use engages in the creation of a finished product from raw materials. Financial: This use engages in the exchange, lending, borrowing, and safe-keeping of money, such as, banks, credit unions, and ATMs. Religious Assembly: This use engages in religious services including public assembly that customarily occurs in churches, synagogues, temples, mosques, and other similar facilities were groups assemble for religious worship. Page 6 of 15 2024 New Businesses: 79 Auto Sales Construction 24 8% Freight 8% Manufacturing 16% Medical 31% 1% 12 3% Office 10 5% Rental Services 1% 6 6 Restaurant 1 2 4 5 1 5 7% 13% 7% Retail Service Vehicle Repair Ownership Change: 11 7 18% 9% 9% Auto Sales Office Restaurant Service 64% 2 1 1 AUTO SALES OFFICE RESTAURANT SERVICE Name Change: 2 1 1 Financial 50% 50% Service FINANCIAL SERVICE Page 7 of 15 New Businesses 1492 Tattoo Studio Service OPC Construction Construction 1st Choice Building Maintenance Construction Oshuns Magic Kingdom Retail 7th Island Tattoo Service Overhead Material Handling Construction A.G.A.D. Pest Control Service Planet Fitness Service All American Landscaping Construction QC Powder Inc Manufacturing Amanah Security Group Inc Service Restoration Professionals Inc Construction Ambiance Banquets Service Santos Automotive Service Artisan Theory Salon, Inc Service Shaqhf Cafe Restaurant Aspire Advanced Dentistry Medical Simple Sanitation Inc Service Auto Inside Corp Auto Sales SNK Phone Retail Autosavin Auto Sales Sora Hair Braiding Service Backmotors Vehicle Repair Sunbelt Rentals Inc Rental Services Barnes Architects LTD Office Benko Lighting and Appliances Retail Super Movers, Inc Service Bimmer Performance Service Vehicle Repair Boosted Bimmers of Chicago Vehicle Repair Ownership Change BV Commercial LLC Office Beyond Visionary Services Office Complete Painting and Restoration Service Cater Fitness Service Crown Liquors Retail Cigar and Hookah Lounge Service CU Smile Dental Service CMR Omelet House Inc Restaurant D-Bat DuPage Service El Barrio III Restaurant Doci Construction Inc Construction Food Commissary Restaurant Durable Medical Equipment Medical La Micheacana Restaurant Epic Hall for Rent Service Motor Cycle Center Auto Sales Espinoza Rentals Office Tong's Tiki Hut Restaurant Excalibur Detailing Vehicle Repair Tribute Villa Park Restaurant Exterior Restoration Construction Ultimate Lounge Restaurant Falak Fashions Inc Retail Fitness by Maryam Service Fortitude Wholesalers Office Name Change Fred's Furniture Restoration Service Byline Bank Financial GL LED US Lighting Retail Tandoori Al Badia LLC Service Good Luxe LLC Retail Great Lakes Auto Sports LLC Auto Sales Healthcode Fitness Service High Touch High Tech Office Home Build Corp Construction Hyderabad House Restaurant Incleaning Corp Service Ink Stitch Studio Retail Joe Johnson Equipment Construction Jr's Auto Body Shop Vehicle Repair J's Tailoring Service JV Landscaping Construction K Cleanup and Restoration Service Karate School Service Kristin Petro Interiors Inc Service Landscape Additions, Inc Construction Medline Medical Services Inc, Medical Mi Señorita Fitness Service Midwest Care Pediatrics Medical Mortadeli LLC Restaurant Nikro Industries Inc Manufacturing North Arrow Partners Freight Page 8 of 15 2023 New Businesses: 43 12 11 Auto Sales 9% Construction 28% 9% Medical 6 9% Rental Services 4 4 4 5% Restaurant 2 26% 14% Retail Service Ownership Change: 10 3 3 10% Accomodations 20% 2 10% Gas Station Restaurant 1 1 30% 30% Retail Service Name Change: 1 1 Auto Sales 100% Page 9 of 15 New Businesses Ownership Change Accel Retail Ad Parl Pet Clinic Service Acqua Conractors Construction Ardmore Food and Liquor Retail All Mobilty LLC Retail Brer Rabbit Motel Accommodations Ardmore Event Space Service Daily Furniture Retail Bethel Import and Export Auto Sales Exotic Monkey Shop Retail Burlington Coat Factory Retail Junk Luggers Service Canine Connections Service Taco Villa Restaurant Car Match Chicago Auto Sales Tae Fu Restaurant Charley's Cheesesteaks Restaurant Villa Park Heros - Exxon Gas Station Daily Outlet Retail Wing Ho Chop Suey Restaurant Drip Drop Exotics Rental Services Gumino Industries Construction Implant Center of Chicago Medical Jay Loren Salon Service JD Strength and Performance Service Joy Spa Service Leisure Time Laundromat Service Let's Go Motors Auto Sales Little Caesars Restaurant Lu De La Salud Service Lupitas Jewelry Retail Lux Spa Medical Marciana's Restaurant Molcajete Mexican Grill Restaurant Mr Grill Express Restaurant MSA Afefa Collection Retail Name Change Next Man's Treasure Retail Import Select Auto Sales Auto Sales Optimal Consulting Service Rockford Marble and Granite Construction Ruby's Jewelery Retail Sara O'Brien Photography Service Shea My Way Retail Skyline Hair Studio Service Smart Outdoor Living Construction The Old Globe Retail Uhaul Rental Services Universal Workforce Service University Dermatology Medical USA Veteran Firearms Training Retail Villa Perk Restaurant Vitalant Medical Ynot Laundry Service Page 10 of 15 2022 New Businesses: 52 Auto Sales Construction 6% 20 8% Freight 4% 2% 6% Manufacturing Medical 8% 38% Office 2% 7 2% Rental Services 6 1 4 2 3 4 1 1 3 11% Restaurant 13% Retail Service Vehicle Repair Ownership Change: 11 3 Construction 9% 9% Manufacturing 2 2 9% Medical 28% 9% Restaurant 1 1 1 1 Retail 18% 18% Service Vehicle Repair Name Change: 0 Page 11 of 15 New Businesses Ownership Change 4G Transport Freight Bright Light Medical Medical AK Mulch Construction Cannella Service Amcan Bearing Manufacturing Cap's Bar and Grill Restaurant Assisting Hands Medical Core Smoke Shop Retail Aswad Boutique Retail Flooring Sales Construction Baladi Fresh Market Retail Kepner Products Manufacturing Bear Landscaping Construction Oshuns Magic Kingdom Retail Betcrazy Restaurant Rios Cleaners Service Bimmer Performance Vehicle Repair Tong's Tiki Restaurant Captain B's Restaurant Vet Hospital Service Chicago Dance Factory Service W Auto Works Vehicle Repair Chicagoland fireplace Construction De Sabor Restaurant Dental Care Medical Dental Management Service DeVine Wine Bar Restaurant Dynamic Fleet Services Vehicle Repair EZ Consulting Service Feline Behavior Service Foster Electrical Construction General Automotive Vehicle Repair Glenbard Security Service Go Git Fitness Service Healthcode Service House of White Light Retail Illinois Tent Retail Rental Name Change Inspire Nutrition Service JC Licht Retail JDs Strength Service John R Mack Office Junk Luggers Service Kensho Esthetics Service KGMB Service Marcott Enterprises Freight Medgyn Products Manufacturing Medical Outsourcing Service Natural Supplements Retail Olivia Lucas Service Oxford Insurance Service Payton Manis Beauty Service Peek a Baby 3D Medical Popeyes Restaurant ReSource Sports Service Sunshine Villa Park Retail Supermercado Buenvista Retail Tech Repair Plus Service Tropical Smoothie Restaurant Urgent Covid Testing Medical Used MOTO Auto Sales Vasa Service Weidenmiller Co Manufacturing Wizard of Ink Service Page 12 of 15 2022 – 2024 Summary New Businesses: 153 Auto Sales 56 Construction 5% 6% Financial 12% Freight 0% 3% Manufacturing 28 33% 2% Medical 7% 20 17 2% Office 4% 11 12 Rental Services 0 3 5 6 4 9 16% 10% Restaurant Retail Service Ownership Change: 32 Accomodations Auto Sales 12 3% 3% 3% Construction 3% 3% 3% Gas Station 3% 22% Manufacturing 7 3% Medical 5 16% Office 38% 1 1 1 1 1 1 1 1 Restaurant Retail Service Vehicle Repair Name Change: 3 1 1 1 33% 34% Auto Sales Financial Service 33% AUTO SALES FINANCIAL SERVICE Page 13 of 15 SUMMARY The most prominent sector the Village of Villa Park grew, over the last three years, was the Service industry. This sector does not generate much in the way of sales tax revenue because it does not produce goods for retail or manufacture new products. The top new Service use for the last three years, was gym/athletic with 11 new openings out of 56 new Services businesses. That means 20% of all new Service businesses were gym/athletic. When taken the following together; salon/barber, gyms, spa, and health consultant, these combined equal 16 new service businesses focused on the subcategory of Personal Care. Only Construction, Retail Sales and Restaurants have more than 16 new businesses in a specific industry. New Business in the Medical, Vehicle Repairs, and Auto Sales sector make up the majority of the remainder. Restaurant is the most prominent business type for Ownership Changes with 12. That is 37.5% of the category. Service and Retail make up the majority of the remainder with a combined 12 Ownership Changes also at 37.5% Disclaimer: This data should be used with caution as this only reflects the New Businesses, Ownership Changes, and Business Name Changes in this three-year period. It does not take into consideration other important analytical points like, the Village’s vacancy rate, if any of the locations that a New Businesses opened into were vacant before, the longevity of the business before these opened, rent rates, new or existing building being occupied, etc. Without a robust analysis of the current situation of all businesses in the Village, this data is just numbers on a page. As the Village improves internal processes and data collection, the future Annual Reports can provide additional analysis regarding the Village’s business growth. Page 14 of 15 Page 15 of 15