Merry Christmas and a Happy New Grant List!
Your December Small Business Grant List has arrived
Here is your December grant roundup for small businesses! We have each grant, accelerator, or program information listed easily so you can see quickly which one your business is eligible for with any due dates and additional application information.
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The Small Business Improvement Fund (SBIF) provides grant funding for permanent building improvements and repairs across the city.
Offered by the Department of Planning and Development (DPD) to tenants and owners of industrial and commercial properties, SBIF grants are funded by Tax Increment Financing (TIF) revenues in designated TIF districts citywide.
Program participants can receive grants to cover between 30 percent and 90 percent of the cost of remodeling work, with a maximum grant of $150,000 for commercial properties and $250,000 for industrial properties. The grant, which is administered by SomerCor on the City’s behalf, does not have to be repaid.
Award:
$150,000 Grant for commercial properties or,
$250,000 Grant for industrial properties
Requirements:
Business properties located in a TIF district where SBIF funds are available and the SBIF is open for applications
Commercial businesses with gross annual sales up to $9 million on average over the previous three years
Commercial property owners with net worth up to $ 9 million and liquid assets up to $500,000
Industrial businesses with up to 200 full-time employees
Residential projects are not eligible for SBIF grants
Apply By Wednesday January 3, 2024 at 5:00pm CST
Small business owners can get reimbursed for accessibility inspections or for making your business more accessible.
Grants can cover the following:
Purchase and installation of certain accessible equipment, fixtures, or furniture
Construction and labor costs to remove ADA barriers
CASp inspections and report
Design services for ADA barrier removal
Relevant permit fees
Award:
Up to $10,000
Requirements: