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Business and Economic Development
Applications Now Open For Skokie's Emerging / Start-up Business Assistance Program
As of March, 2021, the U.S. Secretary of the Treasury established the Coronavirus Local Fiscal Recovery Fund under the American Rescue Plan Act (ARPA). The Village of Skokie has allocated $325,000 in ARPA funding to assist Skokie-based emerging and start-up businesses (particularly, business owners who qualify as minority-owned or as low income) who have been negatively impacted by closures, revenue loss or disproportionate economic hardships in their growth or establishment due to the COVID-19 public health crisis. SESBA grants will provide technical assistance, counseling and other services and resources to assist with business planning and implementation for these 'at risk' and disproportionately impacted businesses to achieve economic stabilization within the community and to rebuild a stronger, more equitable economy as the country recovers.
If you are a business owner with a business located in Skokie, IL which was legally established on or after January 27, 2019 and have received a Certificate of Occupancy or equivalent business license from the Village of Skokie since that date, are a minority-owned business or an income eligible/income qualifying business as per standard HUD income limits, or a business in the tourism, travel or hospitality industries, please consider completing Step 1 of the SESBA application below. Application scoring will include completeness of the Step 1 application, follow-up documentation, and responsiveness by the emerging/start-up business owner.
For Further information and to begin the Step 1 application, please CLICK HERE
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Skokie's Snapshot
Through thoughtful planning, overall spirit of cooperation, and a steadfast vision for growth, Skokie has grown into a thriving center of commerce, with many vibrant retail centers, commercial districts, employment centers, a strong and diverse industrial base, and extensive professional services. Businesses in Skokie appreciate their strategic location here for many good reasons.
Fiscal Resolve and Strategic Location
The Village has not increased its property tax levy since 1991, and there are no head taxes, sewer taxes or impact fees as there are in other municipalities. Skokie geographically sits in a prime location connected by major highways and public transportation to Chicago and O'Hare Airport, conveniently accessible to suppliers, customers, and labor markets.
Accreditation
The Village's high bond rating attests to a strong economic health and prudent fiscal management. Skokie is the first municipality nationwide to achieve nationally accredited Police, Fire, and Public Works Departments, and a Class-1 Fire Department as rated by the Insurance Services Office (ISO).
Resident Benefits
Skokie boasts many fine cultural and recreational attractions, a high quality housing stock in a variety of styles and prices, and an excellent array of both public and private schools. Some of the country's finest universities and community colleges are also in close proximity to the Village. Thanks to the community's strong tax base, Skokie's 67,824 residents enjoy the best in school districts, parks and recreational programs. The Village consistently ranks in the Top 5 Suburbs in which to buy a home by Crain's Chicago Business.