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Chicago Small Business Improvement Fund

Chicago Small Business Improvement Fund

Chicago Department of Planning and Development
LOCATION & INDUSTRIES
AMOUNT

Up to $150,000

OWNERSHIP REQUIREMENTS
DEADLINE

Rolling

ABOUT THE GRANT

The Small Business Improvement Fund (SBIF) provides reimbursement 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.

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NOTES

This is a rolling grant, however Specific neighborhoods and TIF districts each have their own 3-month funding window. Head to the grant website to see more details on your specific neighborhood.

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