NWCC is a Starting Point for Business Assistance
SMALL BUSINESS IMPROVEMENT FUND
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.
Permanent exterior improvements, storefront renovation
Building systems improvements
Tuck-pointing and masonry repairs
Structural components of new signage
Interior remodeling including ADA-complianT improvements
Purchase of adjacent property for expansion or parking
NEIGHBORHOOD OPPORTUNITY FUND
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. Business and property owners can apply for grants to develop or rehabilitate real estate and projects that support new or expanding businesses or cultural assets.
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. The current application period is January 20th, 2020 and closes February 29th, 2020.
Applicants requesting more than $250,000 for projects with special neighborhood impact, can be located outside of an
eligible commercial corridor and applied for at any time
during a calendar year.
Land acquisition and assembly
Building acquisition, demolition, environmental remediation
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
Click on BACP logo to access the information & resources offered by
the City of Chicago and the Business Affairs & Consumer Protection websites.