SBIF Applications for 35th/Halsted TIF

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. 

There are unused funds available!

Act now!

Deadline for applications is 12/30/2024 @ 5:00pm

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.

General plan info here 👉 Small Business Improvement Fund

35th/Halsted TIF Map and additional info below.

Click for more info 👇