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 9th – Application deadline (641 form) to participate in the redevelopment program

January 12th – 16th – 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 2nd SBDC meeting. Flexible hours available – meeting length 45 minutes to an hour

January 19th – 23rd – 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 year3. How many years (months) in business4. Number of employees

a) Full-timeb) Part-time

5. Any outstanding loans or debt6. Lease arrangement – years and cost7. Total Square footage8. Locations if more than one

Business Evaluation Form

9. Average $ per Transactions10.Total number of customers per year for

the last 3 to 4 years11.Notable events that have influenced

business since 2008Documents 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