The City of Chicago’s Small Business Improvement Fund (SBIF) is a program which reimburses recipients for eligible improvements to buildings. Since 2000, the SBIF program has funded over $28 million in grants to over 600 applicants. SBIF is funded by Tax Increment Financing (TIF) revenues and administered by SomerCor 504, a non-profit development firm. SBIF grants are awarded to small businesses and property owners and reimburse applicants up to $150,000 of eligible costs for repair work and property improvements. Recipients of SBIF grants can be viewed on the City’s data portal at the link to the right.
For more information on SBIF, go to our SBIF resource page.