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Performance Metrics - Housing & Economic Development - Small Business Improvement Fund (SBIF)
The Small Business Improvement Fund (SBIF) program uses Tax Increment Financing (TIF) revenues to help owners of commercial and industrial properties within specific TIF districts to repair or remodel their facilities for their own business or on behalf of tenants. The chart shows the amount (in dollars) in both grant money, and leveraged capital. Spending is counted in the month in which the project was completed.
Performance Metrics - Business Affairs & Consumer Protection - Days to Issue Retail Food Licenses (1006)
All restaurants and food stores selling perishable items are required to apply for a Retail Food License (RFL). This metric tracks the average number of days the Department of Business Affairs and Consumer Protection (BACP) takes to issue RFLs. The target response time for processing is within 15 days.
Performance Metrics - Business Affairs & Consumer Protection - Days to Issue Limited Business License (1010)
Limited Business Licenses (LBLs) are required for all Chicago businesses not specifically exempt from licensing requirements. This includes all business that provide services, or engage in office operations or general sales. Currently the performance target for processing Limited Business Licenses is 3 days.
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