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Small Business Improvement Fund (SBIF)

UPDATE! Funding remains available for the 2nd round of SBIF grants on a first come, first served basis.

The city has created a pool of funds in the Fullerton/Milwaukee TIF district for small businesses and commercial and industrial property owners to rehabilitate their facilities. For approved projects, the city will provide grants of 75% of eligible costs up to $50,000.

SBIF grants can be used for signage, interior improvements, to replace major building systems like plumbing, HVAC and electrical and to perform facade improvements to your building.

Following the success of the first round, the city council approved a second round of funding of $800,000 in grants that will be available beginning in the fall of 2005. If demand for grants exceeds available funds, projects will be selected by lottery.

All applications are processed by SomerCor 504 Inc., on behalf of the city. SBIF program guidelines and application documents are available on their website. They can also be reached at (312) 360-3305.