Small Business Improvement Fund Application Rollout

Business owners in the McKinely Park neighborhood's commercial and industrial strips can get information on grants for their businesses at the Small Business Improvement Fund Application Rollout, 10:30 a.m. on Thursday, May 3, 2018, at the McKinley Park branch of the Chicago Public Library, 1915 W. 35th St., Chicago.

The Small Business Improvement Fund (SBIF) is a City of Chicago grant program available to commercial and industrial businesses. Fund grants are intended to help small business owners renovate, expand or start up businesses along commercial and industrial corridors in Chicago. Funding sources include the Archer/Western Tax Increment Financing (TIF) district.

Small business owners and property owners that lease to businesses in the Archer/Western SBIF District can receive reimbursement grants of up to $100,000 for commercial projects to cover the cost of eligible remodeling work. The SBIF application period for the Archer/Western TIF will be open May 1 to May 31, 2018.

Presented by Jake Stern of Somercor, the event is hosted by 12th Ward Alderman George Cardenas with the support of 11th Ward Alderman Patrick Thompson and 15th Ward Alderman Raymond Lopez.

For more information, contact 12th Ward Chief of Staff Samie Martinez by calling (773) 523-8250 or emailing ward12@cityofchicago.org.

The SBIF Map displays the eligible areas for grant funding.