SBIF ALERT - New Technology
Building Renovation Grants - Up to $150,000
In This Issue
New Organizing Software!
Austin Commercial - New
Uptown Roofing and Tuck-pointing
Green SBIF at Gabriel Environmental
Quick Links
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SBIF Director Derek Walvoord
Derek
Please call or email Derek if you have any questions about SBIF
312-360-3319
dwalvoord@somercor.com
email
 

SBIF Director
John Paulun


John Paulun

312-360-3305
jpaulun@somercor.com
email


SBIF Assistant Director
Silvia Sanchez

312-360-3334
ssanchez@somercor.com
email

SBIF Staff Assistant
Paul Jastrzebski

312-360-3329
pjastrzebski@somercor.com
email


Greetings!

We are very excited to announce that the SBIF is making it easier to stay organized with new software, Basecamp HQ.  In addition, the City continues to add new SBIF Districts! The SBIF, Small Business Improvement Fund, is a City of Chicago TIF-based grant for building renovation.  Applicants can get grants of up to  $150,000, with up to 75% of their rehab costs rebated.  SBIF can fund interior and exterior permanent renovation projects to buildings in certain City of Chicago TIF districts. These are grants, not loans, and do not have to be repaid.  The applicant can own the building or be a tenant.
Basecamp HQ, New Organizational Software
 
We are excited to announce that we are adding organizational software to SBIF!  This software will have a convenient web based site so that everyone can easily view what they still need to move on to the next step of the grant process.  In addition, the SBIF applicant can leave messages, subscribe to an email update RSS feed, so that when your status changes, you automatically get an update emailed to you, and see when your project deadlines are coming up.  We hope that this will streamline the whole process.

For more general info, please check out their website: basecamphq.com. There are manygreat short informational videos on how their process works.

We learned about this program from Joel Berman, an architect who has been doing great work on some SBIF projects.  Using Basecamp has helped his firm keep in better contact with its clients, and looks like an excellent way for everyone to stay connected and on the same page.

Within the next few days, check your email from us to get your new password to Basecamp HQ.  With this software, you will not need to wonder what you still need to submit, it will be visible in an organizational checklist.  SomerCor's login page is SomerCor Login.

 
Austin Commercial SBIF - New Area!

The Austin Commercial SBIF is a brand new SBIF/TIF area.  Its resident businesses will be able to now participate in our program! 

Applications are due on September 14th for first consideration, and in the event that a lottery for the area is needed.

The picture is small, but the area is centered on the North/South Central Avenue and East/West Chicago, Division, and North Ave.

 
New Roof and Tuck-pointing in Uptown 

The landlord of 4437 N. Broadway re-roofed and tuck-pointed his building on Broadway.  What a difference!

roof bef

Green SBIF

Gabriel Environmental has gotten a SBIF grant for both Solar Electric and Solar Hot Water systems.  They are a laboratory that does Phase I and Phase II environmental work and consulting, along with site remediation work and other services.  The new equipment will provide both clean electricity and hot water for internal use.  During winter, this hot water will also supply heat for the building.  John Polich, the owner, even purchased three different solar hot water systems to figure out which ones he likes the best! They are having and Open House on Sept. 10th from 4 - 8 PM to show off their new systems.  For more info, check out gabrielenvironmental.com.


Thanks for looking at our E-Newsletter.  Please tell your friends, coworkers, acquaintances, or anyone that might be interested in our exciting grant program.  We rely on you to let others know about the program.  And, as always, please feel free to contact Derek at 312-360-3319 or email at dwalvoord@somercor.com.  John 312-360-3395 or jpaulun@somercor.com.  Silvia at 312-360-3334, or ssanchez@somercor.com.  And Paul at 312-360-3329, or pjastrzebski@somercor.com.  Call to find out if your business is in a SBIF District or to see if you would qualify.
 
Sincerely,

Derek Walvoord, John Paulun, Silvia Sanchez, and Paul Jastrzebski, the SBIF Team