Economic Development

Chicago is the fourth largest metropolitan region in North America and the third largest in the United States. It is home to two-thirds of Illinois’ population and jobs. As an international city, Chicago will continue to grow, attract people, support multiple industries and experience demographic shifts over the next few decades.

To stay in the front rank of the world’s cities, the Chicago region must continue to grow key industries including business services, manufacturing, transportation and logistics, tourism, and technological innovation. This means maintaining the vitality of the central business district, continuing to develop industrial parks and corridors, and facilitating small business in neighborhoods. Achieving this requires strong regional and local economic development plans, balanced tax and regulatory policies, access to capital, infrastructure, and partnerships between business and leading universities. A strong regional economy also requires well-educated and trained workers able to fill existing positions, with the flexibility to grow with economic innovation and change.