- Credibility:
LOGAN SQUARE — Logan Square and Humboldt Park small business owners looking to make repairs to their shops, offices or warehouses are eligible for grants up to $250,000 through a city program.
The city’s Department of Planning and Development opened the application process for the Small Business Improvement Fund on Monday. The grants are for permanent building repairs and improvements. Applications are due 5 p.m. Aug. 31.
To apply, businesses must be in one of two tax increment finance districts: the Fullerton/Milwaukee district or the Division/Homan district. To find out if your business is in one of those districts, go here.
Two types of businesses are eligible: commercial businesses with gross annual sales up to $9 million on average over the past three years and industrial businesses with up to 200 full-time employees. Residential projects are not eligible.
Through the grant, business owners can receive funding to cover 30-90 percent of remodeling work. Commercial properties can receive a maximum of $150,000, while industrial properties can receive a maximum of $250,000. The grant does not have to be repaid.
Those interested in applying are encouraged to attend a webinar 1 p.m. Wednesday. There will be Spanish interpretation. To register, go here.
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