SBIF GRAM
May 2013
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Derek Walvoord  SBIF Director  

derek 2011

312-360-3319 

dwalvoord@somercor.com

 

 

 Silvia Sanchez  SBIF Assistant Director

   

 

312-360-3334 

ssanchez@somercor.com 

 


Joe Lewis 

SBIF Assistant Director

 

312-360-3329

 jlewis@somercor.com 

 


Jake Stern 

SBIF Assistant Director

  jake 2

312-360-3328 

jakestern@somercor.com 


In This Issue
New Funding! Open/Closed SBIF Districs
SBIF Showcase - Horse Thief Hollow - Western Rock Island TIF/SBIF
SBIF in the news
 Greetings!

 

Thank you for checking into the SBIF Gram!  This email announces which SBIF Districts are Open/Closed, and which Districts are receiving new funding.  We are now announcing "on deck" SBIF Districts one month in advance of their scheduled opening. This will provide applicants and business support organizations more time to plan and organize their SBIF application submissions. It is important that we try and reach everyone that is interested, if you can think of anyone else we should be contacting, please help us by entering their email address on the bottom of the SomerCor SBIF page.

 

 

This month, we are doing a new funding roll-out for the Western Avenue South SBIF/TIF.  In the next couple of months, we hope to refund more SBIF Districts, so please make sure to check in to the SBIF Gram and our website.

 


Please check out our website for further details and application material. If you are unfamiliar or want a SBIF refresher, please check out our short video about the SBIF Program.  

New Roll-Out Meetings, Opened/Closed SBIF Districts:

 

 

New Roll-out Meetings
  • Western Avenue South TIF/SBIF: May 2nd @ Northcenter Chamber of Commerce, 10:00 AM - 4054 N. Lincoln Ave. (Applications due by Monday, June 3rd, 2013, by 5:00 PM)

 

 Previously held Roll-outs:

  • Bryn Mawr/Broadway SBIF/TIF, May 17th, 2013 by 5:00 PM
  • Galewood/Armitage SBIF/TIF, May 23rd, 2013 by 5:00 PM
  • Greater Southwest East SBIF/TIF, May 24th, 2013 by 5:00 PM
  _________________________________________

 

New SBIF District Openings Open 5/1- 5/31
  • Belmont Cicero
  • Clark Ridge
  • Devon Sheridan
  • Jefferson Park
  • Jefferson Roosevelt
  • Michigan/Cermak** (TIF exp. 12/2013)
  • Near West** (TIF exp. 12/2013)
  • Read/Dunning
  • Western Avenue North

 

We will be accepting applications for the SBIF districts listed above until Friday, May 31st, 2013, by 5:00 PM.  Applications may be faxed or emailed. 

 

 **Note that the Near West and Michigan Cermak TIFs both expire 12/31/13. SBIF projects in these districts must be completed no later than 10/1/13 in order to assure payment from City of Chicago.  

  
On Deck
SBIF District Openings 6/3 - 7/3 (NOT YET OPEN - Upcoming for June)
 
  • 47th/King
  • 119th & I-57
  • Addison South
  • Chicago/Kingsbury
  • Commercial Avenue
  • Greater SW West 
  • Avalon/South Shore 
 
SBIF Showcase:

Horse Thief Hollow - Western Rock Island TIF/SBIF

 

Neil Byers, owner of Horse Thief Hollow Brewing Co., utilized the SBIF grant to help build out the space at 10426 S. Western Ave. for a new restaurant and brewery. The SBIF helped with the costs of flooring, framing, plumbing fixtures and a walk-in cooler on the interior, and masonry and facade upgrades, parking lot paving and fencing on the exterior. Named after Beverly's 1850s nickname, "Horse Thief Hollow" is off to a great start, with customers enjoying their high quality, made-from-scratch food and microbrews. Check them out!

Before
 
 
After
 
 
SBIF in the news

Crains Chicago Business had a great video about the SBIF Program. 
Thanks for reading our E-Newsletter.  Please tell your friends, coworkers, acquaintances, or anyone that might be interested in our grant program.  We rely on you to let others know about the program.  And, as always, please feel free to contact any of us. 

 

Sincerely,


Derek Walvoord, Silvia Sanchez, Joe Lewis, and Jake Stern, the SBIF Team