Fifty-one small businesses located in struggling commercial corridors on the city’s South, Southwest, and West Sides received a combined $5 million in TIF-funded grants Thursday. The program, essentially a rebranding of the existing Small Business Improvement Fund, is specifically designed to leverage local tax increment financing dollars in stagnant neighborhood commercial corridors with the help of local non-profits and chambers of commerce. It’s the latest move by the Emanuel administration to boost small businesses in by making it easier for business owners to apply for financial incentives.

Want to read the whole article?

Members of The Daily Line get full access to articles associated with their subscription, including our archives, spreadsheets, and reports, along with our daily newsletters and exclusive offers on our special events.

Sign up