City of Chicago’s Department of Planning and Development announced their Small Business Improvement Fund (SBIF), which provides grants for up to 90% of building improvements costs, with a maximum grant of $150,000 for commercial properties and $250,000 for industrial properties. Applications are currently open for projects in the following TIF districts:
- 79th/Southwest Highway
- 87th/Cottage Grove
- Avalon Park/South Shore
Applications will open for other neighborhoods in Chicago in January and February.