|Small Business Improvement Fund (SBIF)- SomerCor
The SBIF program helps owners of commercial, industrial, and mixed use properties within specific TIF districts repair or remodel their facilities for their own business or on behalf of tenants. Program participants can receive grants of 25-50-75%, depending on the size of the business, to cover the cost of remodeling work, with a maximum grant amount up to $150,000. The grant does not have to be repaid. Grants are provided to property owners after work is completed and bills are paid.
|Up to $150K||312-360-3300|
The Streamlined-TIF program provides expedited access to valuable grants for the improvement of industrial, commercial, retail, or residential mixed-use properties in Tax Increment Financing (TIF) districts citywide. The program incorporates an easy-to-use application form and efficient approval process to pay up to 25 percent of renovation, expansion, or redevelopment costs. Assistance ranges from $25,000 to $1,000,000.
|$25,000 - $1 Million|