Looking to start a business in Crystal Lake? We're excited to assist you! The City of Crystal Lake advocates for business and we pledge to help you succeed.BUSINESS LICENSEThe City of Crystal Lake does not require a general business license, however, specific businesses, such as liquor stores, bars and restaurants selling alcoholic beverages are required to obtain a liquor license. Additionally, licenses are also required for businesses selling tobacco, businesses offering electronic amusement devices (video games), taxi cabs, and mobile ice cream vendors. Please contact the City Manager's Office to apply for any of the licenses mentioned above.All other businesses can start by contacting the Planning and Economic Development Department at (815) 356-3615 to have a staff member guide you along the way in establishing your business here in Crystal Lake.CERTIFICATE OF OCCUPANCY REQUIREDEvery business is required to obtain a Certificate of Occupancy, even those who may be relocating within the City limits or changing the name of your business. Please click here to download a copy of our two-page occupancy application form. When complete, please file the occupancy application form with the City's Building Department via email at email@example.com, or in person at City Hall.
NEED A LOCATION?The City of Crystal Lake offers any business free site selection services to assist you with finding the right place and the right price for your endeavor. For assistance, contact James Richter II, the Assistant Director of Economic Development, at (815) 356-3737, or via email at firstname.lastname@example.org. If you are interested in viewing available commercial real estate, please feel free to use the City's site selection website at www.crystallakeretail.com.
SMALL BUSINESS SERVICESDo you need a business plan or help determining if there is a market for your idea in Crystal Lake? The Illinois Small Business Development Center is a great resource to new business endeavors. The ISBDC is a three-way grant-funded program that provides free business resources to McHenry County businesses that employ up to 500 people. Services include:
For more information, contact Kristi Patterson at (815) 455-6098, or you can email her at email@example.com.
COUNTY ECONOMIC DEVELOPMENT RESOURCESThe McHenry County Economic Development Corporation is a non-profit private-public business advocacy group comprised of business and industry investors from throughout the county. The mission of the McHenry County EDC is to encourage and develop the economic health of McHenry County through the retention, expansion, and attraction of commerce and industry which is conducive to an optimal quality of life for its citizens.McHenry County Economic Development Corporation Contact: Pam Cumpata, (815) 893-0895, firstname.lastname@example.orgSTATE OF ILLINOIS RESOURCES AND INCENTIVE PROGRAMSThe State of Illinois offers a variety of programs to support private investment and to create and preserve jobs in the State of Illinois.Illinois Angel Investment Tax Credit ProgramOffers tax credits for businesses and individuals who make an investment in one of Illinois' innovative, qualified new business ventures. State Trade and Export Promotion ProgramThis program is authorized by the Federal Small Business Jobs Act of 2010, whereby the SBA provides competitive grant funding to states to support export promotion for small and medium sized businesses.$2,500 Illinois Small Business Job Creation and Expanded Jobs Creation ProgramProvides businesses with tax credits for newly-created full-time positions between 7/1/12 and 6/30/16.Invest Illinois Venture Fund ProgramNew venture capital program to support young innovative companies that show high growth potential.Collateral Support ProgramEstablishes savings accounts or CDs that provide cash collateral support to lending institutions in order to enhance the equity and or loan collateral levels of small business borrowers.Participation Loan ProgramRecently re-launched to encourage new bank lending to small business by purchasing portions of bank term loans and revolving lines of credit, applying below market interest rates to the DCEO's portion and subordinating its exposure.Capital Access ProgramThis program assists businesses with capital financing needs by encouraging financial institutions to make loans to small and new businesses who do not qualify under conventional lending policies.
Illinois Department of Commerce and Economic Opportunity Contact: Joe McKeown, (312) 201-0991, Joseph.McKeown@illinois.gov FINANICAL RESOURCESCity of Crystal Lake Financial Incentives Programs Contact: Planning and Economic Development Department, (815) 356-3615McHenry County Loan Fund Contact: John Labaj, (815) 334-4924, email@example.comSomercor 504 CDC Contact: Bill Kornit, (312) 360-3300; firstname.lastname@example.orgCurrent SBA 504 Financing Guidelines
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