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Economic Development

COVID-19 Resurgence Mitigation Measures Issued for Restaurants
Effective October 28, 2020, the State of Illinois placed temporary additional restrictions on restaurants -- notably suspending all indoor dining until further notice. These Tier 1 resurgence mitigation measures are aimed at Region 10, or suburban Cook County, of the Illinois Department of Public Health's COVID-19 regional framework.
 
Outdoor dining, carry-out, and delivery are still permitted, and the City wants to drive volume of carry-out and delivery business. Please visit the Keep Calm and Carry Out PR campaign page to add yourself to the database if you're a business or to learn about this fun campaign if you're a customer. Customers should take photos and videos of their orders and post on social media with #keepcalmandcarryoutpr.
 
The City will keep the public and our business community promptly notified if there are changes to these mitigation measures.
 
 
Meeting COVID-19 Challenges Head On
Since March 2020, the City has worked with our business community to adjust on the fly to regularly changing circumstances related to COVID-19. To allow for expanded dining capacity that meets state requirements of the Restore Illinois recovery plan, the City closed a portion of on-street parking and one travel lane for one block of Main Street between Prospect and Fairview Avenues. Similar accommodations along South Prospect Avenue between South Northwest Highway and the railroad tracks. To address chilly fall weather, Mayor Marty Maloney, through his ongoing and regularly renewed disaster declaration, relaxed regulations to allow outdoor tents in both the public way and on private property.
 
This pilot project was implemented on May 29, 2020, and will run through Sunday, November 15, 2020. City barriers will be removed on Monday, November 16.
 
IMPORTANT: Outdoor dining is still allowed after November 15, 2020, for those outdoor sidewalk café permit holders. However, the street and parking areas that have been closed for this purpose will no longer be available. Those permit holders with sufficient space on their own properties or adjacent sidewalks may continue to provide tables and serve outside.
 
 
 
Supporting Park Ridge Businesses During COVID-19
 The City is committed to providing guidance and support to any business affected by COVID-19 restrictions. Check out Local Pacts, an app and website curated by Park Ridge residents to keep a running list of all business who are either OPEN (fully or partially) through COVID-19, or need your support in other ways.
 


Continue to Invest in Park Ridge

There are many reasons to invest in a physical presence in Park Ridge. Check out the available commercial properties map to search for development opportunities or existing commercial spaces, both for sale and for rent.

 
Get Help for Your Small Business and Your Employees: Federal and State Disaster Assistance in Response to COVID-19
 
Two Federal Relief Options
 
Beginning in April 2020, federal assistance to small businesses is available in multiple ways. The federal coronavirus economic stimulus legislation (CARES) has opened up new programs. See the graphic below that compares two key options: the Paycheck Program Program (PPP), which allows for eight weeks of loan forgiveness (i.e. a grant) for businesses who keep workers employed during the COVID-19 crisis; and the Economic Injury Disaster Loan (EIDL), which provides an advance of up to $10,000 that is available within three days.
 
Find an SBA lender here to begin a PPP application process: https://www.sba.gov/paycheckprotection/find
 
More Help on Federal Opportunities
State of Illinois Relief: The Business Interruption Grant and the Illinois Small Business Emergency Loan Fund
The State  has announced Round 2 of its Business Interruption Grant (BIG). Contact John Carlisle, AICP, Senior Planner at jcarlisle@parkridge.us if you would like City assistance in seeking a grant. You may also reach out to Jackie Mathews, executive director of the Park Ridge Chamber of Commerce, at Jacqueline.Mathews@parkridgechamber.org.
 
The Department of Commerce and Economic Opportunity (DCEO) is also providing an emergency financing option for Illinois small businesses that have fewer than 50 workers and less than $3 million in annual revenue. The key opportunity is the Illinois Small Business Emergency Loan Fund, which provides low-interest loans up to $50,000. Read more about the program and eligibility requirements.
 
 
Retail Development Approach
 
In 2018, Chicago-based PLACE Consulting assisted the City in assessing the current retail landscape in and around Park Ridge. The firm then made recommendations, which the City is working to implement. View the firm's work here:
For general economic development assistance, please contact:
 
John Carlisle, AICP
Senior Planner

 

Quick Facts

World Class Business Center

9 Million population metro area

408,505 area trade market

Low taxes and operation costs

Intermodal transportation access

High Growth, High Disposable Income

Less than 2 miles from O’Hare Airport

Proven Diversified Business Success

Exemplary Blue Ribbon Schools

Excellent Area Universities

 
 
 
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