Cookies help us to understand how you use our website so that we can provide you with the best experience when you are on our site. To find out more, read our privacy policy and cookie policy.
Manage Cookies
A cookie is information stored on your computer by a website you visit. Cookies often store your settings for a website, such as your preferred language or location. This allows the site to present you with information customized to fit your needs. As per the GDPR law, companies need to get your explicit approval to collect your data. Some of these cookies are ‘strictly necessary’ to provide the basic functions of the website and can not be turned off, while others if present, have the option of being turned off. Learn more about our Privacy and Cookie policies. These can be managed also from our cookie policy page.
Strictly necessary cookies(always on):
Necessary for enabling core functionality. The website cannot function properly without these cookies. This cannot be turned off. e.g. Sign in, Language
Analytics cookies:
Analytical cookies help us to analyse user behaviour, mainly to see if the users are able to find and act on things that they are looking for. They allow us to recognise and count the number of visitors and to see how visitors move around our website when they are using it. Tools used: Google Analytics
Social media cookies:
We use social media cookies from Facebook, Twitter and Google to run Widgets, Embed Videos, Posts, Comments and to fetch profile information.
Share on FacebookShare on TwitterShare on LinkedinEmail this link
Chicago is the economic engine of a $720 billion metropolitan economy that
is bigger than all but 21 countries in the world.
However, not all Chicagoans have equitable
access to the City’s dynamic economy. Systemic
racism and racial segregation have led to stymied
opportunities for people of color and decades of
disinvestment in neighborhoods where they live.
Majority Black and Latino neighborhoods have
higher rates of poverty and unemployment, along
with lower levels of median income and wealth,
than majority white neighborhoods.
Targeted interventions to build on the city’s
multifaceted strengths and make the economy
more just and equitable for all would boost
the entire region. A Metropolitan Planning Council
report estimated that if levels
of economic and racial segregation were reduced
to the national median, local households would
collectively earn an additional $4.4 billion in
income and the market value of area goods and
services would rise by approximately $8 billion.
The economic impact would indirectly help
address other city issues, including public safety,
transportation and education while fostering a
more diverse and resilient workforce.
The goals of the Economic Development pillar
are intended to create a more prosperous and
equitable economy for all Chicago residents
and workers.
Chicago is the economic engine of a $720 billion metropolitan economy that
is bigger than all but 21 countries in the world.
However, not all Chicagoans have equitable
access to the City’s dynamic economy. Systemic
racism and racial segregation have led to stymied
opportunities for people of color and decades of
disinvestment in neighborhoods where they live.
Majority Black and Latino neighborhoods have
higher rates of poverty and unemployment, along
with lower levels of median income and wealth,
than majority white neighborhoods.
Targeted interventions to build on the city’s
multifaceted strengths and make the economy
more just and equitable for all would boost
the entire region. A Metropolitan Planning Council
report estimated that if levels
of economic and racial segregation were reduced
to the national median, local households would
collectively earn an additional $4.4 billion in
income and the market value of area goods and
services would rise by approximately $8 billion.
The economic impact would indirectly help
address other city issues, including public safety,
transportation and education while fostering a
more diverse and resilient workforce.
The goals of the Economic Development pillar
are intended to create a more prosperous and
equitable economy for all Chicago residents
and workers.
