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Innovation

Metropolitan Chicago's long-term prosperity hinges on the ability of our region and its business community to adapt when new circumstances require creative solutions. Economic innovation makes goods and services faster, cheaper, and better.  It saves us money and time, enhances our quality of life, and improves our health and life expectancy.

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Innovation Updates

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March 18, 2014

White House Releases FY 2015 Budget Proposal

A CMAP Policy Update looks at regional and national implications of the Obama Administration's proposed 3.9 trillion budget for federal fiscal year 2015. Read More About White House Releases FY 2015 Budget Proposal
February 18, 2014

Selecting and Updating GO TO 2040 Indicators

The GO TO 2040 comprehensive regional plan established a series of indicators and related targets to gauge implementation progress. As described previously , CMAP has initiated an update to... Read More About Selecting and Updating GO TO 2040 Indicators
January 31, 2014

Springfield Update on State of the State Address and CMAP 2014 Legislative Agenda and Framework

Legislators convened in Springfield for the second spring session of the 98 th Illinois General Assembly on January 28, 2014.  This Springfield Update discusses the Governor's State of the... Read More About Springfield Update on State of the State Address and CMAP 2014 Legislative Agenda and Framework
January 10, 2014

CMAP Report Examines Opportunities for Reorienting State and Regional Economic Development Practices

Metropolitan Chicago is home to a highly diverse and globally competitive economy.  To sustain the region's economic vitality, the GO TO 2040 comprehensive plan recommends organizing the... Read More About CMAP Report Examines Opportunities for Reorienting State and Regional Economic Development Practices
November 14, 2013

New Report Provides More Complete Picture of Trade Activity

Exports are an important indicator of economic health and trends. Until recently, however, related data focused exclusively on international exports, rather than between metropolitan regions.... Read More About New Report Provides More Complete Picture of Trade Activity
September 30, 2013

Freight User Fee Legislation Introduced

On September 17, 2013, the Maritime Goods Movement Act for the 21 st Century was introduced in the U.S. Senate.  The bill would abolish the current Harbor Maintenance Tax ( HMT ), which... Read More About Freight User Fee Legislation Introduced
August 13, 2013

CMAP Report Illustrates Importance of Freight and Manufacturing to Regional Economy

Metropolitan Chicago's clusters of specialized industries play a critical role in creating quality jobs and contributing to the overall regional economy's value-adding output, as noted by GO TO... Read More About CMAP Report Illustrates Importance of Freight and Manufacturing to Regional Economy
July 12, 2013

Computer Occupations Anchor Regional STEM Workforce

The recently released quarterly edition of the Illinois Innovation Index delves into metropolitan Chicago's science, technology, engineering, and math (STEM) workforce, examining employment... Read More About Computer Occupations Anchor Regional STEM Workforce
July 3, 2013

Illinois Innovation Index Analyzes Regional STEM Supply and Demand

The quality of the region's labor force is critical for sustaining economic prosperity, as noted by GO TO 2040 . In today's global economy, future job growth will increasingly rely on the... Read More About Illinois Innovation Index Analyzes Regional STEM Supply and Demand
June 20, 2013

The Hidden STEM Workforce in Metropolitan Chicago

Metropolitan Chicago's tradition of a skilled and educated workforce has helped establish the region as a global economic center. One of the most important factors influencing the sustained... Read More About The Hidden STEM Workforce in Metropolitan Chicago
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GO TO 2040 emphasizes the economic innovation because of its major role in producing sustainable economic prosperity and enhancing our region's global competitiveness. To foster economic innovation will require improving government policies, measuring and tracking relevant data, fostering regional coordination, and providing services that can enhance innovation and support the region's industry specializations. Fortunately, the region's robust and diverse economy is well fortified for increased innovation with excellent universities and laboratories, resulting in tremendous opportunities to connect researchers and entrepreneurs.

Reorienting State and Regional Economic Development: Lessons Learned from National Examples

A new CMAP report—the first installment of a two part series—explores some of the states and metropolitan regions that have already begun developing innovative strategies to reorient economic development practices. Some of these examples could prove instructive for Illinois and metropolitan Chicago. The examples include broad-based state policies; the implementation of regional collaboration and cluster support; and improvements to transparency and accountability. Based  on this research, CMAP envisions opportunities for the State of Illinois and metropolitan Chicago to improve upon current economic development practices. This research will be undertaken in the next phase of this effort. 

Illinois Innovation Index

Since 2011, Illinois Innovation Index -- a collaborative effort between CMAP and the Chicagoland Chamber of Commerce, Illinois Science and Technology Coalition, and World Business Chicago -- tracks a broad set of metrics to measure the innovation economy of the region and state. After its first year, the Index released its 2011-12 Annual Report, a compilation of the monthly Index newsletters, as well as an executive summary and video. Throughout 2013, the Index issued reports on a quarterly basis to highlight the four innovation themes, updating the critical innovation benchmarks established during its first year.

Cluster Drill-Down Reports

GO TO 2040 calls for strategically organizing the region around its existing and emerging clusters of specialization to better compete in the national and international marketplace. Prominent clusters in the regional economy include freight, advanced manufacturing, and biotech/biomed. Since 2012, CMAP has developed three in-depth reports that explore how manufacturing and freight clusters in metropolitan Chicago have transformed in response to a globalized economy. These "industry clusters" create high-quality jobs, spur innovation, and generate growth among numerous interconnected industries. The reports identify infrastructure, workforce, and innovation challenges and opportunities central to future cluster growth and conclude with clear steps the region can take to support the region's manufacturing and freight clusters.

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