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New tool and strategies to strengthen regional economic development
A new innovative tool on job quality and access will help the Chicago Metropolitan Agency for Planning (CMAP), economic development organizations across the region, and other partners improve northeastern Illinois’ economic position.
Communities can use the interactive data visualization tool to understand the advantages of their local labor market, identify where support is needed, and develop action plans to strengthen industries that support shared prosperity.
CMAP worked with consulting firm TIP Strategies to develop the tool and an accompanying plan, which provides a set of strategies to improve regional coordination of economic development and COVID-19 recovery efforts.
This work is the result of efforts by CMAP, the county board chairs, the City of Chicago, economic development organizations, and other partners to boost economic growth through regional coordination.
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Committee recap: Updates on mobility recovery, regional housing coordination, and more
Our Regional Economy Committee met on November 21. Here are highlights from the meeting:
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Strategic direction: Staff provided an overview of the proposed FY2023-27 strategic direction and how CMAP proposes to achieve its goals and objectives related to the regional economy.
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Mobility recovery: CMAP is required to develop a report for the Illinois General Assembly on the future of transit funding, in coordination with the Regional Transportation Authority. Staff reviewed ongoing work to prepare for this project and also provided an update on the related Mobility Recovery initiative.
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Regional housing coordination: With new authority under federal statute, CMAP is assessing the role and focus of regional coordination to improve housing choice in different and diverse parts of the region. The committee discussed CMAP’s role in helping to ensure access to affordable and accessible housing.
Join the next committee meeting on Thursday, January 26, 2023.
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Exploring international approaches to economic development
Leaders in economic development joined together to explore international models that advance the goal of equitable economic development. Speakers discussed successful international initiatives and relevant policies included in the draft We Will Chicago plan, Chicago’s first citywide plan since 1966.
The event, "Global Voices, Local Action: International Cities Connect on Economic Development for We Will Chicago," was hosted by Metropolitan Planning Council, Chicago Council on Global Affairs, and the City of Chicago.
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