79th TIF(s) Open through December 30, 2021 at 5pm
City of Chicago
Published: December 1, 2021
Applications are still open and due on December 30, 2021, by 5pm.
The Small Business Improvement Fund (SBIF) provides grant funding for permanent building improvements and repairs across the city.
Offered by the Department of Planning and Development (DPD) to tenants and owners of industrial and commercial properties, SBIF grants are funded by Tax Increment Financing (TIF) revenues in designated TIF districts citywide.
Program participants can receive grants to cover between 30 percent and 90 percent of the cost of remodeling work, with a maximum grant of $150,000 for commercial properties and $250,000 for industrial properties. The grant, which is administered by SomerCor on the City’s behalf, does not have to be repaid.
CLICK HERE TO DOWNLOAD THE SBIF APPLICATION (only 3 pages)
PLEASE NOTE: PROJECT CONSTRUCTION AND BUDGET INFORMATION Questions in the application refer to how SBIF funds will be utilized. Information in this section does not need to be final. For the itemized project budget, for example, contractor estimates are not required – instead, please provide a well-informed “best guess” that can be used to evaluate the overall scope of the project.
Applications are still open and due on December 30, 2021, by 5pm.