SBIF Showcase: Bartucci Beauty Salon – Kinzie Industrial Corridor
Erin Bartucci dreamed of owning her own business, and after joining forces with her husband, a talented hair stylist, the concept for Bartucci Beauty was born. The first time business owners created a salon that focuses on personalized premium hair care services by a team of passionate artists.The couple saw the potential in a loading dock to create the new location that includes outdoors space rarely seen in front of established retail buildings.
The project required a complete rebuild – both inside and out – and the SBIF grant supported the transformation of the loading dock into a new storefront with windows and doors as well as the installation of a handicap accessible ramp and stairs.
“The SBIF grant provided us with the confidence and flexibility to build a space that matched our ultimate vision.” Erin Bartucci said. “Now we can focus on serving our clients.”
The City of Chicago’s Small Business Improvement Fund (SBIF) promotes economic development by providing small businesses with financial assistance for building improvement costs. SomerCor is the program administrator of the City’s Department of Planning and Development SBIF program. SBIF grants use local Tax Increment Financing (TIF) revenue to reimburse you for the pre-approved repair or rehab of your business facilities or adjacent land acquisition. You must be located within a SBIF eligible TIF district. The maximum grant assistance for an industrial property is $150K; for a single-tenant commercial property the maximum is $100K; and for multi-tenant commercial property, it is $50K. Click here if you are interested in learning more about this program.
