Small Business Improvement Fund
The Small Business Improvement Fund (SBIF) provides reimbursement grant funding for permanent building improvements and repairs to commercial and industrial properties in Chicago. awards $250K.
Key Facts
- Award amount
- $250K
- Deadline
- Rolling / not specified
- Geography
- Illinois
- Categories
- Community Development
- Status
- Open
About This Grant
The Small Business Improvement Fund (SBIF) provides reimbursement grant funding for permanent building improvements and repairs to commercial and industrial properties in Chicago. Offered by the Department of Planning and Development and funded by Tax Increment Financing (TIF) revenues, SBIF grants cover between 30 percent and 90 percent of remodeling work costs, with maximum grants of $150,000 for commercial properties and $250,000 for industrial properties. Eligible applicants include...
Full requirements and application instructions: official listing.
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