The government of Chicago, Illinois has taken a number of steps to unlock economic growth and job creation. World Business Chicago has developed a plan for economic growth and employment that takes into account a thorough analysis of the levers. The Community Economic Development (CED) program is a federal grant program that increases employment for low-income people in communities facing persistent poverty and high unemployment by investing in community development companies (CDCs) that create and expand businesses and job opportunities. The Chicago Metropolitan Area Economic Partnership is a new collaboration between the seven counties of Northeastern Illinois (Cook, DuPage, Kane, Kendall, Lake, McHenry, Will) and the city of Chicago to boost economic growth and promote equity in the region and its diverse communities.
This initiative is based on key recommendations from the City of Chicago Recovery Task Force report, which advocate for a regional and collaborative approach to economic development in the wake of the COVID pandemic. This fact sheet uses indicators of economic hardship in an index to measure economic conditions in community areas of Chicago. It is an important milestone in the current relationship between the Chicago Metropolitan Area Economic Association (GCEP) and World Business Chicago. Reach out to us to discuss growing or expanding your business and find out why Chicago is one of the top cities in the U. S.The CED program provides grants to CDCs to create jobs, expand businesses, and provide technical assistance to entrepreneurs.
The program also provides grants to local governments to support economic development projects. The City of Chicago has also implemented several initiatives to promote economic growth and job creation. These include tax incentives for businesses that create jobs, grants for small businesses, and workforce development programs. The City of Chicago has also partnered with local organizations to provide resources for entrepreneurs. These organizations offer mentorship, access to capital, and other resources to help entrepreneurs start and grow their businesses.
The City also provides grants to small businesses to help them expand their operations. In addition, the City has implemented several initiatives to promote job creation. These include tax incentives for businesses that create jobs, grants for small businesses, and workforce development programs. The City also provides grants to local governments to support economic development projects. The City of Chicago has also partnered with local organizations to provide resources for entrepreneurs. These organizations provide mentorship, access to capital, and other resources to help entrepreneurs start and grow their businesses.
The City also provides grants to small businesses to help them expand their operations. Overall, the government of Chicago has taken a number of steps to unlock economic growth and job creation. These initiatives include tax incentives for businesses that create jobs, grants for small businesses, workforce development programs, and partnerships with local organizations that provide resources for entrepreneurs.
