Economic Development

The Department of Planning and Development's economic development initiatives include a wide spectrum of financial assistance programs, business development efforts, and related quality-of-life endeavors for local neighborhoods.

DPD also provides funding to delegate agencies whose objectives include small business development, site development or area-wide marketing, maintenance and management within a specified commercial business district.

Funding Opportunities

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Small Business Improvement Fund (SBIF)

The Small Business Improvement Fund (SBIF) provides grant funding for permanent building improvements and repairs across the city. 

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Chicago Recovery Grant Application for Community Development

DPD periodically accepts applications for grant funding to support local commercial, mixed-use, and light manufacturing development. All are welcome to apply during open submission periods. City staff will prioritize projects in areas of Chicago where there is a history of disinvestment or limited private investment.

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Special Service Area (SSA) Program

Special Service Areas, known as Business Improvement Districts or BIDs in other cities, are local tax districts that fund expanded services and programs through a localized property tax levy within contiguous areas.

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Tax Increment Financing (TIF)

Tax Increment Financing (TIF) is a special funding tool used by the City of Chicago to promote public and private investment across the city.

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Chicago PACE

Chicago PACE makes it possible for owners and developers of commercial properties to obtain low-cost, long-term financing for energy efficiency, sustainability and renewable energy infrastructure deployed in new or existing buildings.

Other Resources for Business Owners

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Local Industrial Retention Initiative (LIRI)

DPD funds several not-for-profit organizations as delegate agency partners for the Local Industrial Retention Initiative (LIRI) program.

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Neighborhood Business Development Centers (NBDC)

The City of Chicago provides hyper-local support to business owners and start-up entrepreneurs through the Neighborhood Business Development Centers (NBDC) grant program, which funds Chicago-based nonprofit business service organizations, located throughout the City, to provide FREE BUSINESS DEVELOPMENT ASSISTANCE.

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Property Tax Incentives

Property tax incentive programs encourage private business investment, employment, the revitalization of communities suffering economic stagnation and the preservation and rehabilitation of landmark buildings.