Plan for Economic Growth & Jobs
A coordinated effort to assess and expand Chicago’s economy, the Plan provides a set of goals, a framework for research and analysis, and strategies which are currently being implemented to foster regional growth.
10 Transformative Strategies
Key Components
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Accelerate industry growth
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Improve business processes
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Help legacy manufacturers adopt advanced technologies
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Expand workforce training programs
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Improve access to funding
Key Initiatives
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Manufacturing Innovation Institute (NNMi)
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Manufacturing Hub
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U of I Manufacturing Institute
Key Components
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Retain current businesses and encourage expansion
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Attract US companies looking to relocate or expand
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Attract global companies seeking to establish a North American headquarters
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Develop services to support headquarters
Key Initiatives
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Strategic outreach
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Data Center Express
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International initiatives
Key Components
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Reduce congestion
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Enhance aging infrastructure
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Develop logistics parks
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Support industry innovations
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Advocate for growth-minded laws and policies
Key Initiatives
- SINC: Supply Chain Innovation Network of Chicago
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Congestion management initiatives
Key Components
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Develop new products and programs
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Upgrade existing attractions
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Improve convention and business travel experience
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Leverage relationships to attract global travelers
Key Initiatives
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Elevate Chicago
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ThinkChicago
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Sporting & industry events
Key Components
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Connect companies with global market opportunities
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Improve export readiness
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Leverage Sister City, federal, state, and local resources to support reciprocal trade activities (e.g. FDI)
Key Initiatives
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Trade Accelerator
Key Components
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Enhance communication between employers and workforce development programs
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Connect corporations’ needs with workforce development programs’ objectives
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Provide accessible information to help institutions and workers make better decisions
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Produce, attract and retain more graduates in engineering and technical fields
Key Initiatives
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Skills for Chicagoland’s Future
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ThinkChicago
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Labor market information strategy
Key Components
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Expand entrepreneurial networks with customers, venture capital, and mentorship opportunities
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Focus on promising clusters
– clean tech
– bio science
– web & mobile -
Deepen ties between academia, capital, and industry
Key Initiatives
- ChicagoNEXT
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Bio Hub
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UI Labs
Key Components
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Develop financing systems for transformative investments
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Identify and prioritize investments
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Develop sustainable maintenance and operations plans
Key Initiatives
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Infrastructure Trust
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Under-utilized assets project database
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Bus Rapid Transit
Key Components
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Help small and diverse businesses leverage their unique economic assets
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Encourage local procurement
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Simplify and connect funding channels for small businesses
Key Initiatives
- Seed Chicago
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Anchor Institutions
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Broadband: Smart Neighborhoods
Key Components
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Streamline government processes
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Engage residents and businesses directly
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Establish transparent performance metrics for government business processes
Key Initiatives
- Site Selector
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Streamlining Licensing
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Collaboration initiatives