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Small Business Improvement Fund Rollout Webinar
November 1, 2023 @ 1:00 pm - 2:00 pm
The SBIF program uses revenue from TIF districts to help 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.
Program participants can receive grants for 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.
Applications for the Lawrence/Pulaski SBIF will be received between Wednesday, November 1 at 9 AM and Thursday, November 30 at 5 PM.
The Chicago Department of Planning and Development and SomerCor will host an informational webinar to review program requirements and the application process on Wednesday, November 1 at 1:00 PM – REGISTER for the webinar HERE.
For additional information about the SBIF program, visit chicago.gov/sbif.
Questions/preguntas? Contact Catherine at 312-344-0333 or cgeorge@northrivercommission.
