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Laboratory Facilities Fund

    The Laboratory Facilities Fund program is intended to promote the growth of “second-stage” or “graduate” technology firms by funding up to 25 percent of eligible base lab construction costs.

    Assistance up to $1.4 million is provided as a conditional grant at project completion.

 

Available for download:

LFF Application

TIF Interested Parties Registry

The LFF is specifically targeted at Chicago companies involved in:

  • Nanotechnology
  • Biotechnology
  • Medical devices and services
  • Environmental technology
  • Food technology
  • Pharmaceuticals
  • and other related technologies

Objective
To allocate Tax Increment Financing assistance to technology companies seeking to construct lab space ranging in size from 5,000 to 25,000 square feet.

Qualifications and Restrictions
Landlords and tenants must submit applications jointly, with tenants agreeing to minimum five-year occupancy terms. Projects must be located in existing buildings within select City of Chicago TIF districts. The LFF cannot be used for construction of new buildings or additions or for the improvement of office or ancillary space. Large companies and publicly traded corporations are excluded.