October 2025

Nominate the 2025 Business of the Year

You can even nominate YOUR own business!

Nominate your favorite Hanover Park business for the Business of the Year Award! This award honors contributions made by Hanover Park businesses benefiting the community. The Economic Development Committee will judge the entries and choose the winners. The selected business will be honored at the 2026 Village Awards Presentation, get highlighted on the Village Facebook Page, and be featured in the Hanover Park Hi-Lighter newsletter and Business Matters newsletter

All residents and businesses are encouraged to nominate outstanding Village of Hanover Park businesses. The nominated businesses will be judged in the following categories including, but not limited to:

Community Involvement
Excellence in Customer Service
Positive Image and Appearance

The deadline for submitting nominations is December 5, 2025. If you have any questions about the Business of the Year Award, please contact Community Development, at 630-823-5780 or CDevelopment@hpil.org.

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October Proclaimed as Manufacturing Month

The Village of Hanover Park proclaimed October as Manufacturing Month at the Village Board of Trustees meeting on Oct. 2^nd. A representative from Pentair Filtration Solutions (1040 Muirfield Dr.) which is one of our major manufacturers in town, accepted the Proclamation from Mayor Craig.

Hanover Park has 3 Class-A Business Parks, with 5 million sq. ft. of prime industrial space, and we are proud that several international businesses call Hanover Park home! The Village is home to more than fifty manufacturers that produce goods ranging from food products to robotics to radiofrequency electronics with a total combined revenue of more than $22-billion, and more than 3,200 jobs.

The Village of Hanover Park recognizes the critical role that our manufacturers play in strengthening our community, supporting families, and ensuring long-term economic vitality, by building a strong talent pipeline for the future. We celebrate and thank our manufacturers for their resilience, innovation, and dedication to excellence!

For a list of all of our manufacturers in Hanover Park, go to our Business Directory and select Manufacturers.

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Since 2020, the Cook County Small Business Source has become an award-winning hub for entrepreneurs. We’ve distributed millions in grant funding, supported thousands of local businesses through our no-cost business advising program and shared resources to help businesses stay open and thrive.

Now, we’re doubling down, focusing on what’s ahead and how we can fuel the next stage of small business success in Cook County.

The Catalyst Grant is a targeted opportunity for businesses that are positioned for growth. Whether you're expanding your space, modernizing equipment or growing your team, this funding is designed to help you fuel what’s next.

For more details and to apply go to Catalyst Grant | Cook County Small Business Source

Required Documentation

1. The business owner's valid photo identification (choose one)

Driver's License, Real ID, state ID, or Chicago CityKey
Passport
Permanent Resident Card (green card)
Consular ID
Military ID
Native American tribal photo ID

2. The business's 2023 Federal Tax Return (including all schedules, forms, attachments)

3. The business's 2024 Federal Tax Return (including all schedules, forms, attachments)

4. IRS for 941 for Q4 2023

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One Big Beautiful Bill:

The Impact on Manufacturers

Thursday, November 6 @ 10:00am (webinar)

Join fellow Chicagoland manufacturers for a free webinar where you’ll learn key provisions of the One Big Beautiful Bill—a sweeping tax reform and spending reconciliation bill, recently signed into law.

Attendees will learn about: immediate and long-term impacts on the manufacturing sector; opportunities for funding, innovation, and workforce development; compliance requirements, risk mitigation strategies, and how to position your business for growth under the new legislation.

Presenter: Andrew Schmidt, CPA/Principal at Dugan & Lopatka

Register at https://www.choosedupage.com/events/mfg-pro-series-one-big-beautiful-bill/

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Upcoming FREE Webinars to Help Your Business

Webinars and seminars can be very helpful to continually improve your business and make it more successful. The Village has a Webinars & Seminars page on its website that is updated regularly with helpful topics that you may find useful for your business. You can find it here https://www.hpil.org/848/Business-Seminars-Webinars

Sessions are hosted by various organizations including the WBDC, the Small Business Administration, Connect DuPage, Cook County, IL DCEO, the Illinois Restaurant Association, and more. The vast majority of webinars are FREE! Here are a few upcoming webinars:

Oct. 10 @ 12-1pm - Trademark Basics: What Every Small Business Should Know
Oct. 21 @ 5-6:30pm - Plan Your Website for Online Success
Oct. 22 @ 11am-12pm - Start Smart with Google AI
Oct. 22 @ 2-3pm - Plan Your 2026 Social Media Strategy for Success
Oct. 23 @ 12-1pm - How to Fund Your Business in This Changing Economy
Oct. 28 @ 9-11am - Accounting for Small Business-Financial Management Series

For details on any seminar or to register, go to https://www.hpil.org/848/Business-Seminars-Webinars

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Questions?
Please Contact Hanover Park
Community & Economic Development

CDevelopment@hpil.org

630-823-5780

Hanover Park Economic Development Committee

Meetings: 2nd Tuesday of each month
12:30-1:30pm, Room 214, Village Hall