Next deadline for CDG-Small applications is Nov. 8, 2024 by 11:59am.

Below is a list of resources for potential grant applicants to the Community Development Grant-Small (CDG-S) program.  

Grant Information Sessions

View webinars in English or Spanish: 

• Webinar: Tuesday, Aug. 20th | 2 p.m. View Recording 
  
• Webinar: Monday, Sept. 9th | 2 p.m. View Recording 
  Presented in Spanish/Presentado en Español
  
• Webinar: Monday, Oct. 28th | 2 p.m.  View Recording 

Business Affairs and Consumer Protection (BACP) Resources

• Business Support Tools 
• Neighborhood Business Development Centers: Regional hubs supporting small businesses 

Project Readiness

Applicants must provide proof of site control or be in the process of obtaining site control. The CDG-S program recognizes that site control before applying can be a significant barrier for individuals who do not own the proposed project site. Applicants without formal site control must provide documentation demonstrating that they are working with property sellers or landlords to secure control, such as a:

• Lease for the project location in the business's name and documentation of explicit approval from property owner for long-term use for at least five years (i.e. letter of consent from the property owner), or with the possibility of renewal 

• Deed or real estate contract for the project location with the name of your business entity (as listed on the CDG-S application). 

• A letter of intent for the project location, signed by both the intended lessor and lessee, including the name of your business entity (as listed on the CDG-S application). 

If a property has significant issues, such as mechanic liens, court orders related to building code violations, or substantial past due property taxes, it is unlikely to be selected for a CDG grant. 

Other site-related recommendations:

Financial Feasiblity Considerations

Applicants should provide a detailed budget and total project cost, including hard costs (e.g. building mechanical systems and façade repair), soft costs (e.g. architectural fees) and acquisition costs, where applicable.  

Applicants should also demonstrate proof of financing for at least 50% of project costs. Project financing is often a challenge and may not be finalized by the time of application.  Applicants who have not secured funding for their share of project costs should identify a strategy to secure the funding gap. 

Other finace-related resources: Sample Construction Budget Worksheet (Excel)    Sample Funding Worksheet (Excel) 

Construction Planning

Applicants should provide construction bids and/or detailed estimates for substantiated construction costs. Applicants are encouraged to consult with general contractors before applying to understand the requirements, process and cost estimates. Most, if not all, grant projects require City of Chicago building permits, so it is important to understand the permitting, construction and inspection process. 

Other construction planning resources: 

Community Impact

The CDG-S program uses existing community plans as and input from elected officials and community representatives to identify projects that fulfill local needs and goals. Grant applicants should understand the community and be able to speak to how their proposals enhance the strengths and opportunities and/or mitigate area weaknesses or issues. 

Other community-related resources:  

Business Planning

Applicants are encouraged to research and develop business plans before making significant investments in their proposals.

The below resources help with writing business plans, calculating start-up costs, and developing financial projections. Additional resources include. 

Plan Your Business with US Small Business Administration 

Illinois Dept. of Commerce and Economic Opportunity Resources 

Business Support from the Dept of Business Affairs and Consumer Protection (BACP)