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SBIF | Small Business Improvement Fund Open for 79th Vincennes Corridor, Apply Before 12/30 Deadline!

The Small Business Improvement Fund (SBIF) is helping small businesses and commercial corridors stay viable in the City of Chicago by providing financial assistance for building improvement costs. Eligible program participants can receive reimbursement grants for qualified permanent building improvements to small business properties.

 The City of Chicago's grant uses local Tax Increment Financing (TIF) revenues to reimburse eligible applicants for repairing or rehabilitating their facilities within specific TIF districts. The City of Chicago’s SBIF grant program managed by Somercor 504. Click on Here to go directory to the SomerCor 504 website.

Small Business Improvement Fund (SBIF) Information One Pager

SBIF-Authorized TIF Districts

The following list indicates TIF districts in the City of Chicago in which the SBIF has been authorized and their respective application acceptance periods. All currently open and “on-deck” (soon-to-be-open) application acceptance periods are listed below. Find out if you are in a SBIF district.

DPD is excited to bring the enhanced Small Business Improvement Fund (
SBIF) program to another Chicago community. The 79th/Southwest Highway and 79th/Vincennes TIFs will rollout for new SBIF applications from December1st to December 30th at 5 pm. The following will be available for each TIF: 

  • 79th/Southwest Highway TIF - $260,000 Available Funds 
  • 79th/Vincennes TIF - $500,000 Available Funds 

TIF DISTRICT

79th Street Corridor (map)

79th Vincennes Corridor

DATE OPENS

10/1/21

12/1/21

DATE CLOSES

10/31/21

12/30/21 (5pm)

Click Here to Download a SBIF Application

Mission

To foster and promote revitalization of the community by designing and implementing programs that improve the community’s economic viability; increase availability of quality housing to people of different income levels, while maintaining and improving existing affordable housing; and enhance delivery of social services, particularly to senior citizens.

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Improve and enhance the delivery of community and economic development in Auburn Gresham, Englewood, and West Chatham.

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