On Wednesday, Mayor Rahm Emanuel released the first draft of an economic growth plan, created to drive Chicago’s leadership in the global economy and articulate clear, actionable strategies for economic growth and job creation. The plan was developed by World Business Chicago, at the request of Mayor Emanuel last fall. It contains 10 strategies that will help Chicago advance its economy and become a better destination for families and businesses.
“A global city like Chicago needs a clear set of goals, a clear framework for analysis and clear strategies for economic growth and the creation of jobs,” said Mayor Emanuel. “By establishing these, the business community can work in conjunction with labor, the public sector and the non-profit community to execute together and achieve these objectives. This is an important step in that direction and I am looking forward to incorporating the public’s input and comment as we develop this vision for our economic future, enabling the creation of more of the jobs that our city needs.”
These strategies include:
- Become a leading hub of advanced manufacturing;
- Increase the region’s attractiveness as a center for business services and headquarters;
- Enhance our competitive position as a leading transportation and logistics hub;
- Make Chicago a premier destination for tourism and entertainment;
- Make Chicago a nationally leading exporter;
- Develop our workforce in a demand-driven and targeted manner;
- Support entrepreneurship and foster innovation in mature and emerging sectors;
- Invest to create next-generation infrastructure;
- Develop and deploy neighborhood assets to align with regional economic growth; and
- Create an environment in which businesses can flourish.
The draft Plan for Economic Growth and Jobs is the result of a five-month effort by a steering committee of business, labor, civic and community leaders and led by World Business Chicago. The Mayor presented the plan today for public comment and review.
The Plan itself builds on existing growth initiatives to provide a framework for private and public initiatives in the years ahead. It takes a hard look at Chicago’s and the region’s strengths and challenges, sets measurable goals and recommends strategies to achieve them.
“This important report underscores the importance of creating good jobs, investing in our workforce, and putting a high priority on cooperation and collaboration to spur economic development,” said Cook County Board President Toni Preckwinkle. “I am excited about the opportunities that these recommendations can foster throughout the region if we continue to work together.”
The public is invited to ask questions or comment on the draft by clicking here.
For more on the plan, visit the PDF documents and links below.