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SECC Primary News

The latest news and hot topics impacting our local south side communities.

SBIF Grants Available for 43rd-Cottage Grove Businesses

Monday, July 08, 2013

The Small Business Improvement Fund (SBIF) helps make improvements to small business properties in selected Chicago neighborhoods.

The program uses local Tax Increment Financing (TIF) revenues to help owners of commercial and industrial properties and/or tenants within specific TIF districts to repair or remodel their facilities. Program participants can receive reimbursing grants to cover 25%, 50%, or 75% of the cost of remodeling work, with a maximum grant amount of $ 150,000. The grant does not have to be repaid.

Eligible expenses for a SBIF grant include, but are not limited to:

New windows, floors or roof

Sign removal and replacement

Tuck pointing

New heating, ventilation and air conditioning

Improvements to accommodate disabled patrons or workers

Purchase of adjacent property for building expansion or parking


New SBIF District Openings Open 7/1 - 7/31



63rd & Pulaski

79th Street Corridor


Irving Park/Elston

Pilsen Industrial Corridor

SomerCor will be accepting applications for the SBIF districts listed above until Wednesday, July 31st, 2013, by 5:00 PM.  

Applications may be faxed or emailed.  Click here for application materials.

To see a SBIF grant in action within the business community,
check out the video below: