SBIF Application Now Open for Midwest & Ogden/Pulaski Industrial Corridors
The Small Business Improvement Fund, or SBIF, is a City of Chicago grant program available to commercial and industrial businesses. The initiative is a vital part of Mayor Lori Lightfoot’s commitment to supporting Chicago’s small businesses. SBIF grants are intended to help small business owners renovate, expand or start-up businesses along commercial and industrial corridors in Chicago.
Small business owners and property owners that lease to businesses in the Midwest or Ogden/Pulaski SBIF districts can receive reimbursement grants of up to $150,000 for industrial projects to cover the cost of eligible remodeling work.
Do you know which district you’re in?
A few examples of how a SBIF could help you:
Spend $300,000 or more and apply for reimbursement of up to $150,000
Spend $150,000 and apply for reimbursement of up to $75,000
The SBIF Application Period for the Midwest & Ogden/Pulaski TIF will be open until
September 4, 2020 at 5pm.
What Is the LBRA?
The mission of the Lawndale Business Renaissance Association (LBRA) is to revitalize businesses, both industrial and commercial, in the Lawndale and Little Village communities, bordered by Austin and Western avenues, and the I-290 and to I-55 expressways. The LBRA works to create jobs by retaining and expanding existing businesses, and attracting new businesses to the area, leveraging city, county, state, and federal programs and incentives.