Plan for Economic Growth and Jobs News
As Kickstarter has grown over the past few years into the Internet's go-to crowdfunding platform, it's been tempting to try to apply the model to anything and everything in need of cash – to products, places, programs, public parks, potholes, you name it. But the concept has some clear limitations when implemented at the urban scale.
Yesterday, the City of Chicago announced a curated Kickstarter page called Seed Chicago to feature projects that create jobs and improve Chicago’s economy.
Mayor Emanuel announced today that $1.25 million in recovered TIF funds will be used to create new state-of-the-art advanced manufacturing programs at Austin Polytechnical Academy, to train the workforce in Chicago’s neighborhoods and grow opportunity for the future of Chicago’s economy.
Manufacturing is crucial to metropolitan Chicago’s economy. Chicago ranks first among all metro areas in the U.S. in terms of manufacturing employment and output in electrical equipment, fabricated metals, food, plastics and rubber products, and primary metal sectors.
The Plan, released in March of 2012, is the product of a cross-functional representative partnership to develop a coordinated approach to economic development that allows for the public and private sectors to better align their interests and actions. The Plan is divided into five chapters discussing the region’s foundations for growth, the current local economy, the opportunities for success and the outline of the institutional and regional structures that are needed to support this effort.
The Chicago region, with its skilled-but-aging metal-bending workforce and matchless transportation infrastructure, has clung stubbornly to high value-added enterprises such as computer-assisted machine tooling. We still make the machines that make the machines.
Rahm Emanuel was sitting with David Axelrod at a Chicago Bulls game Tuesday night, with Axelrod frequently checking his smart phone for Republican primary results while taking in a sport ruled by a 24-second shot clock. Pro hoops places a premium on quick, short-term tactics and execution -- the sort that most in the political sphere reflexively mirror.
Chicago Mayor Rahm Emanuel is looking to Chicago's young workers to invigorate the economic development plan being overseen by World Business Chicago.
The latest unemployment report contained startling numbers for Chicago — startlingly positive, that is. Year over year, Chicago's unemployed fell by 30,000, the best improvement since 1995. Chicago's total number of employed increased by a nation-leading 43,000, meaning even as Chicago grows, our workforce keeps up. Our unemployment dropped by 2.5 percentage points, double the national average of 1.2 points.
President and CEO of Skills for Chicagoland's Future, Marie Trzupek Lynch, says that this program lets people who would normally get skipped over, be seen. "There's a stigma attached to those who have been out of the workforce for a long time. It's harder for them to break back in," she says. With this program, they're taking that stigma away and letting the crème rise to the top.