Info Forward by Alderwoman Garza 10th Ward:
I am excited to announce that the Small Business Improvement Fund Rollout for the South Chicago TIF District has been scheduled.
The Small Business Improvement Fund, or SBIF, is a City of Chicago grant program available to commercial and industrial businesses. The initiative is a vital part of Mayor Rahm Emanuel’s commitment to supporting Chicago’s small businesses. SBIF grants are intended to help small
business owners renovate, expand or start-up businesses along commercial and industrial corridors in Chicago.
Small business owners and property owners that lease to businesses in the South Chicago SBIF district can receive reimbursement grants of up to $100,000 for commercial projects and up to $150,000 for industrial projects to cover the cost of eligible remodeling work.