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SMALL BUSINESS IMPROVEMENT FUND - SBIF


If your business is in one of Chicago's TIF Districts, the

City's Small Business Improvement Fund (SBIF) provides eligible applicants with financial assistance for

building-improvement costs.

SBIF grants use local Tax Increment Financing (TIF) revenue

to reimburse pre-approved repair or rehab of your business facilities or adjacent land acquisition. The maximum grant assistance for industrial property is $150K; single-tenant commercial property $100K; and for multi-tenant commercial property, $50K.  When a pre-approved project is completed and all expenses paid by the applicant, costs are reimbursed. 

REIMBURSABLE EXPENSES

  • Permanent exterior improvements, storefront renovation

  • Building systems improvements

  • Tuck-pointing and masonry repairs

  • Structural components of new signage

  • Interior remodeling including ADA-complianT improvements

  • Environmental remediation

  • Purchase of adjacent property for expansion or parking Click to learn more about the program.

NEIGHBORHOOD OPPORTUNITY FUND - NOF


The City of Chicago implemented reforms to the City’s Zoning Code to ensure the growth of downtown would leverage new development and catalyze investment on Chicago’s West,

Southwest and South Sides. All grants must be

preapproved prior to the start of a project.

 

Click to see if your proposed project is in an eligible zone

Applicants requesting up to $250,000 must be located in an eligible Commercial Corridor. 
Go to website for details and

how to apply and current application period.

ELIGIBLE COSTS

  • Land acquisition and assembly

  • Building acquisition, demolition, environmental remediation

  • Security measures

  • Roofing, façade and mechanical system repairs

  • Architectural and engineering fees

  • Financing fees related to securing a loan or capital

  • Minor site improvements when a part of an eligible project

  • Other soft costs associated with eligible hard costs

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  • Submit a new service request or track an existing request -

  • See what we’re doing in your neighborhood

  • View popular knowledge articles and frequently requested services.

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Click on BACP logo to access the information & resources offered by

the City of Chicago and the Business

Affairs & Consumer Protection websites.

INVEST SOUTH/WEST - IS/W

INVEST South/West is a $1.4B community development initiative to reverse decades of disinvestment on Chicago's South and West Sides. It encompasses ten communities, and 12 commercial corridors on Chicago's South and West Sides in a public-private-philanthropic investment commitment, supporting amenities, small businesses, public spaces, and housing.

Click to learn more about the program.