Small Business Improvement Fund 66th Amendment

At a glance

What: The 66th amendment to the agreement with the Small Business Improvement Fund administrator adds $43.35 million across 35 TIF districts and 39 wards, with rule changes so the fund can complement other city grants and shorten project timelines.
Where it stands: Recommended do pass by the Finance Committee on October 5, 2026. The administrator's fee is 9% (1% up front, 8% at completion). Aldermen asked about use outside TIF districts and urged reviving the discontinued neighborhood improvement program for homeowners and seniors.
Next: Full Council action.

Planning and Development presented the amendment; the committee recommended do pass.

Committee video (Vimeo auto-generated captions): https://vimeo.com/manage/videos/1232129590