NWCC - THE STARTING POINT FOR BUSINESS HELP...
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
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 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.
how to apply and current application period.
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
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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.