City of Chicago - Small Business Improvement Fund

SomerCor administers the Small Business Improvement Fund for the City of Chicago. The fund utilizes revenue from Tax Increment Financing (TIF) and supports commercial and industrial properties.SBIF provides grants to commercial businesses for 30%, 60%, or 90% of the costs of permanent building improvements such as storefront renovation building systems, interior remodeling, and roof replacement. Industrial businesses with 200 or fewer employees are eligible for grants covering 50 of the project cost.Steps to applyConfirm your business is in a SBIF districtCheck which districts are openReview SBIF Eligibility requirementsReview SBIF program rulesFill out an application and submit it to [email protected]