The purpose of the Downtown Retail Business Grant Program (hereinafter the “Program”) is to increase the economic viability of Downtown Lombard area by attracting targeted retail businesses and assisting existing businesses in the Eligible TIF Districts, as well as being within the geographical limits of the Downtown Grant Program Policy. The program will offer a 50% matching grant for eligible expenditures associated with helping the start-up of new retail businesses or the expansion of existing retail businesses. Priority will be given to businesses that best complement the Eligible TIF Districts retail mix and help strengthen existing retail clusters. Grant monies derive from TIF funds or the Village’s Economic Development Fund, and therefore priority will be given to businesses with projected tangible benefits to the designated grant areas.
To apply, you will first need to have a preliminary meeting with the Department of Community Development. For more information, please consult the application, and Downtown Retail Business Grant Program Application Policy.