Village of Schaumburg Economic Development Monthly Report February 2026
Village Continues Annual Funding for Business Association
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Description
The Village of Schaumburg continues its longstanding financial partnership with the Schaumburg Business Association, directing approximately $50,000 in annual business license surcharge revenues to the organization. The SBA invoices the village for sponsored programs and activities, which staff process administratively.
Contract Details
Contract Amount
approximately $50,000 annually
Vendor
SCHAUMBURG BUSINESS ASSOCIATION
Agency
Town of Schaumburg, IL
Contract Type
OTHER
Document Date
February 1, 2026
Contract Term
Ongoing annual surcharge revenue beginning in 2012
Renewal Info
Support appears to renew automatically each year through the ongoing $10 business license surcharge implemented in 2012; no discrete end date or formal renewal cycle is stated.
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