Existing businesses are improving and new businesses are opening all across Berwyn. In August, Mayor Lovero said business development would be something to keep an eye on in Berwyn, and he was right.
“There were approximately 50 businesses that opened in 2013,” said Business and Licensing Supervisor Anthony Perri.
This success can be attributed to business assistance provided by Berwyn Development Corp. Total investment in TIF areas, including Roosevelt Road, Harlem and Cermak, Odgen Avenue and the Depot District, rose from $4,135,141.74 in 2007 to $8,330,957.23 in 2012, according to Development Executive Director Anthony Griffin.
“There is a comprehensive approach set by the city of Berwyn that allows business to start up and improve,” said Griffin.
Berwyn Development Corp. has a number of programs and services to help with improving commercial areas and stimulating business growth, including TIF financing, commercial loans, micoloans, site location assistance, and technical assistance.
“There have been more restaurants opening, giving Berwyn a more diverse food culture,” said Berwyn resident Iridian Hernandez. “It’s also good that Berwyn has more places to shop, and hopefully that will attract more young people to the community.”
“We take great pride in helping existing business adapt to new trends and helping new businesses open,” said Griffin.
All of the projects completed in 2012 include Meijer, Big Guys Sausages, Wing Boss, The Vitamin Shoppe, Verizon, Play N Trade, Off the Traxx, Karasek Park, J.D. Byrider, Lou’s Pizza and Beef, Collision Centers of America, Start the Party, Capri Ristorante & Catering, Bounce Sportsplex, Reel Art, Riddles Comedy Club and Chipotle.
For updated information on current and completed projects, visit http://www.berwyn.net/economic-development.