Chicago’s Small Business Improvement Fund (SBIF) will be renewed in three Tax Increment Financing (TIF) districts under a plan approved today by City Council.

The SBIF program helps to improve commercial and industrial properties in select TIF districts by making funds available for building improvements involving, roofs, facades, heating and air conditioning systems, ADA-related amenities, and other upgrades.

The proposals will reallocate $500,000 in SBIF funding for both the Central West and Western/Ogden TIFs and $200,000 for the 63rd/Pulaski TIF.

The SBIF program operates in 92 of the City's 147 TIF districts, which provide financing for local redevelopment and public improvement projects.

For more information about SBIF, visit www.cityofchicago.org/tif.

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