Small Business Improvement Fund (SBIF) applications open Monday, April 1 for the Kennedy/Kimball TIF District!
The Department of Planning and Development (DPD) and SomerCor will roll out the Small Business Improvement Fund (SBIF) grant program for applications in the Kennedy/Kimball TIF district on Wednesday, April 1 at 9am.
The SBIF program uses revenue from TIF districts to help owners of commercial and industrial properties to repair or remodel their facilities for their own business or on behalf of tenants. Tenant businesses are also eligible to apply on their own.
Please note that residential projects are not eligible for the SBIF program, and
residential developers should not apply.
Program participants can receive grants for 30 to 90 percent of project costs, with a maximum grant of $150,000 for commercial properties and $250,000 for industrial properties. The grants are administered by SomerCor on the City’s behalf and do not have to be repaid.
DPD and SomerCor will host an informational webinar to review program requirements and the application process.
SBIF Informational Webinar
1 p.m. Wednesday, April 1 | Register
For additional information, visit www.chicago.gov/sbif.
Hermosa Community Tree Planting Day
The 35th Ward Office is working with Openlands, an organization that works to protect our natural areas and our tree canopy, the 26th Ward Office, the Office of Cook County Commissioner Jessica Vasquez, and Nixon Elementary on a tree-planting day on April 25th. We are working to identify Hermosa-area residents who are interested in having a tree planted in front of their home at no cost. Trees help our communities by reducing the urban heat island effect, cleaning the air, and absorbing rainwater.
The Hermosa neighborhood area has been identified as a high-priority area for tree planting, given its relatively low canopy coverage. On April 25th, we will come together to take action for our community!
If you are a Hermosa resident who would like a tree planted in front of your home or would like to lend a hand volunteering on April 25th, please email [email protected]. If you would like a tree planted in front of your home, but you do not live in the Hermosa community, please contact the 35th Ward Office for assistance at [email protected] or by call/text at 773-985-3510.