New or existing businesses in Retail Thrive Zones are eligible to receive up to $250,000 in grants for commercial projects. Eligible costs include new construction, rehabilitation, and more. Click here to apply.
Class 7 Incentives are property tax abatements offered to small businesses or property owners that are significantly rehabilitating existing buildings or constructing new buildings on commercial properties. If approved, a Class 7 Incentive can lower your property tax bill by half over the next five to ten years.Start your application process by selecting a property on the Thrive Zones map. We can automatically fill out parts of this form based on the property you select.
The City of Chicago will contact you during the application process. Provide your most up-to-date information to ensure that the City can reach you.
The information below will help the City handle your application faster.
Give us an idea of what you plan to do with your property. (Max 1,000 characters.)
How are you responsible for this property? *
Upload a document that proves you are responsible for this property in some way. This could be your deed, your lease, or a letter of approval from your landlord regarding your project. (optional)
Your document must be in text (.pdf, .doc, .txt) or image (.png, .jpg, .gif) format. Max size 5MB.
Do not upload sensitive information! If your document contains, for example, a social security number, make sure to redact it before uploading.
Upload an itemized budget proposal for your project.
Your budget must be in text (.pdf, .doc, .txt), image (.png, .jpg, .gif), or spreadsheet (.xls) format. Max size 5MB.
Small Business Improvement Fund (optional)
By checking the box below, you certify that the information above is accurate to the best of your knowledge. You also understand that this form is not a final application for Class 7 incentives or Enterprise Zone benefits, that you expect to provide further application materials at the request of City or County officials, and that by submitting your information you are not guaranteed to be approved for either benefit.