The City of Chicago’s Small Business Improvement Fund (SBIF) Program uses Tax Increment Financing (TIF) dollars to assist owners and tenants of commercial and industrial properties to repair and remodel their facilities. Participants can receive reimbursements (a grant that does not need to be repaid) of up to 90% of the cost of permanent improvements, with a maximum grant amount of $150,000 for commercial properties and $250,000 for industrial properties. Listed below are the dates for upcoming 30-day application periods for the five active TIF districts within the PPCC boundaries that offer the SBIF Program:

Belmont/Cicero Monday, 5/1/23 through Wednesday, 5/31/23

Avondale Monday, 7/3/23 through Tuesday, 8/1/23

West Irving Park Monday, 7/3/23 through Tuesday, 8/1/23

Belmont/Central Tuesday, 8/1/23 through Friday, 8/31/23

Lawrence/Pulaski Wednesday, 11/1/23 through Thursday, 11/30/23

More information about the SBIF Program, is available at www.somercor.com. Please note that applications will not be accepted prior to 9:00am on the first day of the open application period. If you would like a SBIF Program Application-Information Packet delivered to your business, or need assistance completing the application, please contact the PPCC office at 773-777-2020 or at beebuilding@aol.com.