Wheaton Redevelopment Project Date: January 5, 2015.

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Presentation transcript:

Wheaton Redevelopment Project Date: January 5, 2015

Project Overview and Update 2013 – RFP/Selection 2014 – Approvals 2015 – Construction Documents/Permitting 2016 – 2017 – Construction 2018 – Occupancy/Town Square Opening (1Q)

Business Evaluation Timeline  January 9 th – Application deadline (641 form) to participate in the redevelopment program  January 12 th – 16 th – During this week, each business must schedule their first meeting with the SBDC. The purpose is to help complete the SBDC questionnaire, provide updates and schedule the 2 nd SBDC meeting. Flexible hours available – meeting length 45 minutes to an hour  January 19 th – 23 rd – SBDC CPA review and analysis of the business – the SBDC will provide recommendations if needed

Business Evaluation Form 1.Last 3 to 4 years of gross revenue by year, 1 year for businesses less than 3 years old 2.Last 3 to 4 years of total cost by year 3.How many years (months) in business 4.Number of employees a)Full-time b)Part-time 5.Any outstanding loans or debt 6.Lease arrangement – years and cost 7.Total Square footage 8.Locations if more than one

Business Evaluation Form 9.Average $ per Transactions 10.Total number of customers per year for the last 3 to 4 years 11.Notable events that have influenced business since 2008 Documents that will assist the SBDC in their evaluation: –3 years of tax returns (2011 – 2013) –Profit and Lost –Balance Sheet

SBDC Support Ongoing no-cost one-on-one business counseling – in Spanish and English Low-cost business development training located at the Wheaton Business Center

Questions & Answers Thank you for your time