Grant Opportunities & Business Resources

Grant Opportunities

Grants 

  • Armitage/Pulaski SBIF begins accepting applications on October 5th. The SBIF program helps owners of commercial and industrial properties to repair or remodel their facilities for their own business or on behalf of tenants. Tenant businesses are also eligible to apply on their own.
    • Grants cover 30 to 90 percent of project costs, with a maximum grant of $150,000 for commercial properties and $250,000 for industrial properties.
    • The grants are administered by SomerCor on the City's behalf and do not have to be repaid.
    • Join the informational webinar to review program requirements and the application process on Wednesday, Oct. 5th at 1 p.m. | Register
  • Comcast RISE Investment Fund - One hundred minority-owned small businesses in Cook County will receive $10,000 each.
    • Businesses owned by women and people of color can apply for the cash from Oct. 3 through Oct. 16, according to the company.
    • To qualify, a business must have existed for at least a year, be at least 51% owned by a woman or a person of color, and have no more than 25 employees.
  • Founders First - A total of $100,000 will be awarded to 30 businesses in Chicago in the form of cash and full-tuition scholarships to a stellar accelerator.
    • Grant money can be used as growth capital to hire or rehire premium wage jobs.
    • Cash infusion can be used to purchase, fix or enhance equipment necessary to help you manage growth challenges and scale for the future.
    • Founder identify as one of the following: Latinx, Black, Asian, Women, LGBTQIA+, Military Veteran, or located in a Low to Moderate Income area.
    • TO QUALIFY: Must be located in the state of Illinois and have a current staff of 2-20 employees. Will have the ability to add 1-2+ net new premium wage jobs in the next 12 months. Your company must be a service-based business and at least one revenue stream serving other businesses. Must be a for-profit company with annual revenues between $100K and $3 million.
    • The application deadline is February 4, 2023.  Please email chicago.jobcreators@foundersfirstcdc.org with any questions about the Job Creators Quest Grant.
  • Innovations for Healthy Living - Improving Minority Health and Eliminating Health Disparities funding opportunity: Granted by the National Institute on Minority Health and Health Disparities (NIMHD) as part of the America’s Seed Fund. This opportunity is for eligible SBIR/STTR entities to develop technologies and products that address health disparities while engaging and empowering individuals and communities.
  • Upskilling Initiative - Provides professional development grants to businesses that serve employees aged fifty (50) and older who are currently earning up to $16 an hour. Training funds will be disbursed in $2,000 increments, pending a guaranteed commitment from the employer of a $1.50 or more per hour wage increase respectively after the training is complete.
  • ComED Energy Efficient Program - Foodservice Equipment Rebates (FER) is offering instant discounts up to $4,500 for qualifying energy-efficient foodservice equipment purchases. If you have a commercial kitchen in your facility, FER can upgrade your equipment for less and help reduce your energy bills!
  • Hello Alice Small Business Growth Fund - offers small business owners the opportunity to receive a $5,000 grant to help them make their next big move. To be eligible, a business must have less than $1M in annual revenue, a commitment to diversity and community, and a clear plan to use the grant funds.
  • Amber Grant for Women - WomensNet founded the Amber Grant Foundation in 1998. Every month the foundation awards at least a $10,000 grant and a year-end grant of $25,000. The application is simple and grant recipients are announced the first week of every month. ($15 application fee)
  • The Small Business Assistance Program by ComEd provides eligible small business customers, with a one-time grant of up to $1,000 towards a past due balance, once every 12 months.
    • To apply for the Small Business Assistance Program, please call 1-877-4-COMED-1 (1-877-426-6331).

Scholarships, Education and Services

  • Verizon Small Business Digital Ready is here to give small businesses like yours the personalized tools to succeed in today's digital world. Learning modules, expert coaching, peer networking and more— FREE!
  • Ascent is a free learning platform from the U.S. Small Business Administration for women-owned businesses. They recently added two new courses: Partnerships Journey and Entrepreneurial Leadership Journey. For more information click HERE.

Loans

  • Allies for Community Business' offers loans between $500 and $100,000 to early, emerging, and established businesses at 9% interest rate.
  • Kiva - Offers micro-loans between $1,000-$15,000, with no interest! Whether you’re in the idea phase, start-up mode, or an established business, you can apply for this crowd-funding loan. Kiva repayment terms are anywhere from 6 months to 3 years, and repayments are made monthly. Kiva does not grant loans based on credit scores or history.
  • Founders First Capital Partners - provides revenue-based funding and business acceleration advisory support to small businesses. It offers revenue based financing, which allows for a smaller payment during slower revenue months, and larger payments in stronger months.

Business Resources

Business Recovery Payment Plan Program - Chicago Department of Finance
The Department of Finance is offering payment plans to eligible license holders for as little as $25 down with terms up to 60 months. The deadline to enter into a payment plan is June 30, 2022 for most debt types. Eligible licensees should call the Business Contact Center at 312-747-4747 to get started. Representatives are available Monday through Friday, from 8:00am to 5:00pm.
A license holder with multiple debt types may enroll in a payment plan for each.

Learn more at www.chicago.gov/city/en/depts/fin/supp_info/BusinessRecoveryPaymentPlan.html

 

On-Demand Staffing for Hospitality

Qwick is an on-demand staffing platform that connects service industry Professionals with food and beverage shifts in real-time. Learn more at www.qwick.com/

 

Albany Park & Irving Park Special Service Area (SSA #60) Resources

The Albany Park & Irving Park Special Service Area (SSA #60) is an effective, locally-managed, resource to support small business growth and improve our neighborhood business corridors. SSA #60’s volunteer Commission and community members collaborate together to help provide funds to many business district improvements, such as creating public art murals and installations, installation and maintenance of bike parking, garbage receptacles, planters, trees, and benches, beautification of storefronts, litter and snow removal, and marketing and special events to bring local residents and visitors to our area. North River Commission is the sole service provider for SSA #60.

SSA #60 boundaries include:

  • Lawrence Ave, Chicago River to Pulaski Rd
  • Montrose Ave, Chicago River to Central Park Ave
  • Irving Park Rd, California Ave to Central Park Ave
  • Kedzie Ave, Irving Park Rd to Ainslie St
  • Kimball Ave, Lawrence Ave to Leland Ave

The SSA #60 offers the following resources to small businesses:

To apply for these programs or if you have any other questions, please contact Benjamin Corpuz at 312-860-7884 or bcorpuz@northrivercommission.org

Does your business need a bike rack?

Let the Department of Transportation (CDOT) know ! Submit your bike rack request to bikeparking-chicago.hub.arcgis.com

The City installs roughly 500 bike racks on city sidewalks each year and they need YOUR FEEDBACK.

CDOT will review your request in the field looking for sites on the public right-of-way that don’t interfere with pedestrian travel and are clear of other street furniture. Their criteria for new rack placement is listed at chicagocompletestreets.org.

If you are interested in high-capacity, on-street bike parking for your organization or business, visit chicagocompletestreets.org to learn more about CDOT’s bike corral program.